What are the steps involved in buying a practice?

February 21, 2014 by Nhi Huynh in

What are the steps involved in buying a practice?

There are many steps involved in buying a practice. But here the major ones are as follows:
– Tell LCF the practice that you are interested in.
– We schedule an appointment for you to visit the office.
– We help you make an offer upon your terms and conditions.
– We negotiate with the seller to help reach an agreement on the
purchasing terms.
– You do the “due diligence” of reviewing the financials, equipment etc. Buyers retain attorneys pr consultants to do paper work at extra cost. Some buyers do the “do diligence themselves. (It’s a personal choice.)
– We negotiate with the landlord to transfer the lease from the seller to the buyer.
– We set up escrow for you.
– You close escrow when all is complete.

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From Our Clients

  • "Working with Loc was a pleasant experience as he helped me sell my practice which enabled me to move into the next phase of my life with my family.  Loc is intelligent, knowledgeable and detail oriented.   He helped me see so many different angles and perspectives of this complex process which gave me the […]"

    Dr. Gomez

Contact

Contact LCF Practice Sales and Financing, a division of LCF Financial, Inc.

Address

515 North Fairview St.
Santa Ana, CA. 92703

Phone

(714) 550-7494

Special Need Please Call:

1 (800) 550-9228

Fax

(714) 558-6051

Email

practice@lcffin.com