"February is the month of love. The time to go out of your way to show your loved ones how much you care. At PPT, we care about helping those looking to retire sell their businesses, so that they can transition to the next phase of their lives. Similarly, we love helping businessmen and women who are looking to venture into ownership. Though chocolate and roses are sweet, we would rather show you our love by making your business transitions as seamless and profitable as possible."
- Justin Farmer, Esq., CBI
President & Founder of Private Practice Transitions
QUOTE OF THE MONTH:
“What do you need to start a business? Three simple things: know your product better than anyone. Know your customer, and have a burning desire to succeed."
- Dave Thomas
FEATURED BLOG:
Valuing a Business: A Look at EBITDA
Starting a business is exciting. Running a business is rewarding. But what about exiting a business? While most business owners have deep knowledge about their business, reap huge rewards, both on a personal and financial level, oftentimes the most difficult question a business owner runs into is what to do when they are ready to retire and/or sell the business? And what is the business worth? To give you some idea of where to start, let's take a look at one of the most valuable tools at your disposal - your company’s EBITDA.
To learn more about EBITDA and how it is used when calculating the value of a business, continue reading our newest blog, Valuing a Business: A Look at EBITDA.
Private Practice Transitions is assisting a leading retirement plan service business that provides retirement plan administration and operates a FinTech platform for workplace retirement plans and individual retirement accounts with the transition of their firms. With multiple office locations in the midwest, the Business provides services to clients across the country and, as such, can scale in every major market with the right partner. The Business is technology forward, utilizing a unique FinTech platform in providing client service and solutions to approximately 2,000 organizations in all market sectors and industries throughout the United States. Over the past three (3) years, the Business has seen exciting growth based on both strategic acquisitions and organic business development, with a large increase in gross revenue projected over the next few years. The owners’ projected gross revenue for the company will exceed $20 million by 2023 with estimated EBITDA surpassing $6.1 million.
Established in 1999, this King County boutique law firm has provided legal services to several clients in King County and beyond. The firm’s service by revenue breakdown is 71% Business Litigation, 12% Securities, 11% Trademarks, 5% General / Miscellaneous, 1% Health Care and 1% Insurance. For the past three (3) years, the Practice has averaged gross revenues of ~$1,994,460 (2019-2021) and has a high percentage of seller's discretionary earnings (SDE) to revenue.
Over the past 21+ years, this physical therapy practice has offered a wide range of services to numerous clients within Washington County, Oregon, and the surrounding area. The Practice offers therapy services such as Orthopedic Manual Therapy, Specialty Physical Therapy, Therapeutic Home Exercises, and Stress Management Techniques. On average, each of the Practice’s physical therapists carries a caseload of 35-50 open cases at any given time. In 2021, the Practice’s gross revenues were $466,599. With five (5) staff who work to provide unique treatment plans tailored to the needs of each patient, the Practice is known for its tremendous results, satisfied clients, and many word-of-mouth referrals. The Practice is completely ‘turn-key’ and ready for new ownership.
If you are interested in any of our February Featured Listings, email us and indicate the listing name and number in the subject line or call us at 253.509.9224.