First, a note from our President and Founder:

"On behalf of the Private Practice Transitions team, I would like to wish you all a very happy holiday season full of joy and celebration. We would like to thank our team, our clients, and you, our newsletter family, for your continued support over the past year. We’re wishing you all the best for your goals, plans, and resolutions as we enter 2022. We have some exciting things planned for the new year that we know you’re going to love. Cheers to a brand new year!"

- Justin Farmer, Esq., CBI

President & Founder of Private Practice Transitions

FEATURED BLOG:

When Is the Right Time to Sell My Business?

One of the most common questions we get from clients or potential clients is: When is it the right time to sell my business? Before we can answer that question, we need more information from you. There are three questions we have for our clients in return:

1. How much longer do you want to work?
2. How much longer do you need to work?
3. How long do you want to remain as part of a transition?

Once you have identified the answer to these three questions, we have a timeline and we can work backward from there. To look at each question in deeper detail, continue reading our blog, When Is the Right Time to Sell My Business?

Listing 1180

Established in 1985, this south King County tax and accounting firm has become well-known for its integrity, service, and reputation for going above and beyond for each client. The Practice’s service by revenue breakdown is 59% Tax, 24% Controller Services, 13% Bookkeeping, 2% Financial, and 2% Other. As of November 2021, the Practice has approximately 413 active clients comprised of ~80% individuals and ~20% businesses. Over the past three years (2018-2020), the Practice has averaged gross revenue of approximately $475,000. The Practice employs three (3) full-time employees and two (2) part-time/seasonal employees, 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 up to one (1) year, if desired. The Practice is stable, profitable, and poised for growth under new ownership.

Listing 1184

Over the past 15+ years, this highly reputable Seattle dental practice has offered dental services to many clients within the community. The Practice offers Family Dentistry, Cosmetic Dentistry, Preventative Dentistry, Restorative Dentistry, and Dentistry for Children. Over the past three (3) years, the Practice has averaged gross revenue of approximately $546,463 (2018-2020). As of November 17, 2021, the Practice has year-to-date gross revenues of $563,745 which are up 39.9% year-over-year for the same time period. Additionally, 2021 end of year revenue projections are at $680,000. Currently, the Practice has ~1,638 active clients and employs three (3) full-time staff. The Owner is willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period of time up to one (1) year, if desired. The Practice is completely turn-key and ready for new ownership.

Listing 1186

For the last 20+ years, this physical therapy practice has offered a wide range of therapy services to many clients within the community. The Practice’s service by revenue breakdown is 79.7% Orthopedic and 20.3% Pelvic Floor. The Practice’s success can be attributed to the superb level of care provided to each patient, the caring and knowledgeable staff, its stellar reputation, and many word-of-mouth referrals. In 2020, the Practice brought in gross receipts of $470,733. There are approximately 205 active clients as of November 2021, and approximately 3,697 clients in the Practice’s database. Currently, the Practice employs five (5) staff members, 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 up to six (6) months, if desired. The Owner is open to selling or leasing the office space at fair market value to the person who purchases the Practice. 

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