The summer season is quickly approaching, and with it comes a sizzling hot market for selling private practices. Even though the current prime rate is 8.5%, more and more investors are looking to acquire mission critical service businesses, such as accounting firms. On average, we are finding that our clients receive multiple full-price offers in a matter of weeks (not months), which is one of the fastest trends I have seen in my 10+ years in the business. If you have been contemplating a change, now is the ideal time to make your move. Not sure where to start? Fear not, for Private Practice Transitions is here to provide expert guidance every step of the way. Reach out to us today and let us help you navigate this exciting journey.
- Justin Farmer, Esq., CBI
President & Founder of Private Practice Transitions
We are thrilled to announce our participation at the AICPA & CIMA ENGAGE24 conference this June at the luxurious Aria hotel in Las Vegas, Nevada! Join us at booth #1037 to discover exclusive insights into our services and expertise. Don't miss your chance to enter our giveaway for a $250 Amazon gift card - it could be your lucky day!
FEATURED BLOG:
5 Signs It's Time to Sell Your Private Practice
One of the top inquiries frequently posed by small-business and private practice owners revolves around determining the optimal time to sell. Pinpointing the perfect moment can be challenging, given the varying factors such as market conditions, business efficiency, and the owner's individual traits. In this blog, we'll delve into the essential indicators signaling that it might be time to consider selling your private practice. Continue reading, 5 Signs It's Time To Sell Your Private Practice.
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 98.1% hand therapy and 1.9% other. In 2023, the Practice had a total of 6,374 patient visits and as of Q1 2024, the Practice had 1,344 patient visits. For the past three (3) years, the Practice has averaged gross revenue of ~$930,013 (2021-2023). 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 six (6) 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.
If you are interested in our May Featured Listing, email us and indicate the listing name and number in the subject line or call us at 253.509.9224.
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