"It is officially spring, and we are seeing many changes come with the season. Exciting changes are also happening here at Private Practice Transitions. We are thrilled to announce that we have not one, but two new staff members who have recently come onboard at PPT. Please welcome Amy Kalafatich, our new Director of Client Services, and Haley Miller, our new Customer Service Lead. Welcome to the team! Additionally, I would like to congratulate our long-time team member, Sara Ashbaugh, on her well-deserved promotion. Sara is now PPT’s Strategic Engagement Manager. With these changes we know that we will be able to provide even better service and support to our valued clients."
- Justin Farmer, Esq., CBI
President & Founder of Private Practice Transitions
QUOTE OF THE MONTH:
"Strive not to be a success, but rather to be of value."
- Albert Einstein
EMPLOYEE SPOTLIGHT:
Meet Tricia
Tricia Link is the Transaction Manager here at Private Practice Transitions (PPT). She is also a Limited Practice Officer (LPO) licensed with the Washington State Bar Association (WSBA). Tricia brings nearly 20 years of title and escrow experience to PPT. Her deep understanding of the escrow and closing processes has been cultivated over many years while working her way from the ground up.
We are so grateful to have a team member like Tricia to guide and support our clients through the closing process. She is an integral part of our team and success.
FEATURED BLOG:
What is Due Diligence and What to Expect
The process of due diligence can be quite complex since it involves auditing various facets of a business and its operations. As such it is advisable to enlist a professional attorney or accountant to guide you through the process to ensure no stone is left unturned. With that being said, there are a couple of things that you should expect when conducting due diligence.
In this blog, you will learn what due diligence is and what to expect with the process when purchasing an established business. Continue reading, What Is Due Diligence and What to Expect.
Established in 2015, this mental health and pain care practice has offered a wide range of services to clients of all ages. The Practice’s service by revenue breakdown is 90% Mental Health Services and 10% Transcranial Magnetic Stimulation. The Practice has approximately ~452 active patients as of February 2022 and over ~1,400 patients in the Practice’s database. The Practice owes its success to its stellar reputation within the community, and many word-of-mouth referrals. For the past two (2) years, the Practice has averaged gross revenue of ~$743,337 (2020-2021), and in 2021, brought in gross receipts of $748,683. In total, the Practice currently employs 3 staff (including the Owners) and two 1099 contractors. The Owners are willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period up to 1-2 months if desired. The Practice is completely ‘turnkey’ and ready for the next Owners.
Over the past 33+ years, this Practice has offered a wide range of physical therapy services to numerous clients within Arapahoe County and surrounding areas. Physical Therapy services make up 98% of the Practice’s revenue with the remaining percent focused on Product Sales, Needling/Electrode Sales, Room Rental, and Medical Records Fees. For the past three (3) years, the Practice has averaged impressive gross revenue of ~$571,633 (2019-2021). The Practice’s success can be attributed to its skilled therapists who have undergone advanced training, its 60-minute visits, and the Practice’s close relationships with many referral partners. The Practice currently has six (6) staff and one (1) 1099 contractor serving its ~162 active clients. The Owner is willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period. The Practice is completely ‘turnkey’ and ready for new ownership.
If you are interested in any of our April Featured Listings, email us and indicate the listing name and number in the subject line or call us at 253.509.9224.