"As you consider taking your practice to market, you are likely to wonder what your practice is actually worth? This threshold question is of utmost importance as underpricing or overpricing your practice when you “go to market” can dramatically impact the response you receive as well as your overall return on investment. If you price your business too low, you risk leaving money on the table that you could otherwise use to fund your retirement or next investment. If you price your business too high, you risk scaring off highly qualified buyers. So, what can you do? At Private Practice Transitions, we have created a valuation tool that can be used to calculate an estimated value for your practice. Try our free online valuation calculator and get a better understanding of the value of your practice."
- Justin Farmer, Esq., CBI
President & Founder of Private Practice Transitions
QUOTE OF THE MONTH:
"The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand."
-Vince Lombardi
EMPLOYEE SPOTLIGHT:
Meet Haley
Haley Miller is the Customer Service Lead at Private Practice Transitions. Haley has a Bachelor of Arts degree in communications from the University of Washington and aspires to work in marketing in the future. Haley responds directly to our customers who need assistance through phone calls or emails and provides a quick resolution to all issues and concerns.
We are thrilled to have someone like Haley on our team to provide amazing assistance, and help us lead our clients through a satisfying customer experience.
FEATURED BLOG:
Deal Structure Explained
What does “deal structure” really mean? In short, it is the term used to describe the ultimate agreement between a seller and a buyer for how a given business will be transferred. Additionally, the deal structure, and the terms therein, will also outline the specific conditions each party to the agreement must adhere to, which helps ensure a smooth transfer of business ownership.
In this blog, you will find information on the most common deal structures. And while there is no “right” structure, per se, it is important that you consult with your attorney, financial advisor, and/or accountant to determine which structure best aligns with your goals. Continue reading, Deal Structure Explained.
Private Practice Transitions is assisting in the sale of a highly regarded and profitable beauty school in the Northwest. Established in 1976, this beauty school has an outstanding reputation, is highly profitable, and has proven YoY growth. With strong weighted projected Seller’s Discretionary Earnings (SDE) of over $1,000,000, you don’t want to miss this great opportunity! If you are interested in a turn-key business with incredible growth potential, call us today.
Established in 1954, this CPA Practice has provided tax preparation and planning, and other accounting services to countless clients with a service by revenue breakdown of 35% Business Tax Preparation & Planning, 30% Individual Tax Preparation & Planning, 23% Bookkeeping and Payroll Services, 6% Estate Work, 3% Financial Statements and 3% Advisory. The Practice is owned by three partners, one of which is looking to retire. The remaining two Partners will stay on as 35% owners each, and they are looking for a third Partner to buy in at 30% ownership. The Firm is primarily located within Clackamas County, with small portions extending into neighboring Multnomah and Washington counties. The Practice is known for doing quality work and as such, has a great reputation within the community. Because of this, the Practice receives a lot of word-of-mouth referrals and has incredibly high client retention. With impressive gross revenues and over 1,031 active clients, this is a great opportunity for any buyer looking to buy-in to an already thriving business.
Established back in 1947, this Central Washington estate planning law firm has been completely dedicated to providing top-notch legal services to its clients. The Firm’s service by revenue breakdown is 31% Estate Planning, 31% Probate, 17% Real Estate & Commercial Transactions, 16% Business Formation/Management, and 5% Other. As of May 2022, the Firm has approximately 130-150 active client matters. For the past three (3) years, the Firm has averaged gross revenues over $1M (2019-2021). In total, the Firm employs nine (9) full and part-time staff, including the Owner.
If you are interested in any of our May Featured Listings, email us and indicate the listing name and number in the subject line or call us at 253.509.9224.