First, a note from our President and Founder:

"It can be easy as a business owner to go into autopilot and focus on the day-to-day routine of running your business. While this is a logical strategy, it is also important to simultaneously plan for the future. Business owners need to be investing in their futures NOW. It is better to sell a business when it is thriving and successful rather than waiting until you're tired and ready to wind down and your practice is worth less money. Don't make the mistake of waiting until the last minute to sell your business. Develop a game plan now and get back to running your business without concern for  what the future holds." 

- Justin Farmer, Esq., CBI

President & Founder of Private Practice Transitions

FEATURED BLOG:

When Is It Time to Sell Your Practice?

How does a private practice owner know when they should move on from their business? Some owners might feel like they’ve lost the spark they once had, while others don't want to deal with the increasing competition. In our new blog, we discuss the clear signs that it's time to sell your private practice. Click here to read, When Is It Time to Sell Your Practice? 

Listing 1218

Over the past 27 years, this Practice has offered a wide range of tax and accounting services to both business and individual clients. The Practice’s service by revenue breakdown is 63% Tax Prep, 19% Payroll Services, and 18% Accounting & Bookkeeping. Including the Owner, the Practice has eight (8) staff members serving its ~200 active clients. Over the past three (3) years, the Practice has averaged gross revenue of approximately $1,110,903. Year-to-date gross revenue as of May 9, 2023, is $608,055 (Up 7.8% YoY) with year-end 2023 gross revenue anticipated to be slightly higher than 2022. The Practice is highly respected in the community and prides itself on providing top-notch customer service.  The Owners and the staff are passionate about taking care of their clients as is evidenced by their proven client retention. The Owner is willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period if desired. 

Listing 1223

Established in 2010, this practice has offered high-quality, respected, specialized therapy services to its clients with upper limb impairments. The practice’s service by revenue breakdown is 98.5% hand therapy and 1.5% other. In 2022, the practice had a total of 7,044 patient visits, an increase of 5.7% over the previous year. Year-to-date patient visits as of April 5, 2023, are 1,932, a 5.4% year-over-year increase. For the past three (3) years, the practice has averaged gross revenue of ~$817,936 (2020-2022). The practice’s success can be attributed to the superb level of care provided to each patient, the caring and knowledgeable staff, the stellar reputation in the community, and the word-of-mouth referrals from numerous happy clients. The practice currently employs seven (7) individuals, including the owner, who is willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period of up to twelve (12) months.  

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