"I hope that your Fourth of July was as great as ours. We had such a wonderful time with family and friends soaking up the sun and taking advantage of the warm summer break. I can't stress enough, the importance of occasionally stepping away from work to enjoy the time that we have. The same goes for retirement. Having a plan in place for when you decide to permanently retire should be a top priority. If you're a business owner, do you have a business transition plan in place for when this time comes? Will your business be positioned to sell quickly? Get started now and avoid the stress of waiting until the last minute. Don't go it alone - contact us today so you can rest easy knowing we've got you covered."
- Justin Farmer, Esq., CBI
President & Founder of Private Practice Transitions
QUOTE OF THE MONTH:
“Success usually comes to those who are too busy to be looking for it.”
– Henry David Thoreau
EMPLOYEE SPOTLIGHT:
Meet Tanya
This week's team spotlight goes to our Co-Founder & Operations Manager, Tanya Farmer. Tanya does a phenomenal job overseeing our overall efficiency and productivity here at Private Practice Transitions. Her negotiation, management, and process improvement skills provide unlimited benefits to both our clients and our team at Private Practice Transitions.
We are so fortunate to have someone like Tanya to lead our team to success!
FEATURED BLOG:
The Implications of Fed’s 50 Basis Points Hike on Interest Rates
The Fed is in a precarious situation at this moment due to a shrinking economy, falling inventory purchases, and increasing trade deficits that are causing uncertainty. With that being said, Fed has to implement some of its most aggressive policy tightening, especially at this period when economic indicators are gradually softening. This policy must assure investors and consumers that Fed is making progress in curbing inflation at the right time before things get out of hand. Fed leaders also speculate about imposing more aggressive interest hikes in the future in response to what is currently happening in the economy.
This reputable Northwest immigration law firm is multilingual and known for providing diversified and dedicated legal services, coupled with personal attention to each and every client. As of June 2022, the Practice has approximately 320 active clients with approximately 6,500 total clients in its database. For the past three (3) years, the Practice has averaged gross revenues of ~$815,000 (2019-2021). The firm employs a multilingual staff and is well-positioned to expand into other law practice areas to a diversified population. If you are a buyer who is an experienced immigration attorney, or an existing law firm that would like to expand its client base, this is the business that you have been waiting for!
For over 23 years, this physical therapy practice has offered a wide range of therapy services to its clients including physical therapy, occupational therapy, and several other specialty services. The Practice’s success can be attributed to the high level of care, personalized attention, and sense of community established with each patient. Mason County has continued to experience rapid residential growth, resulting in an impressive 9,593 patient visits in 2021 alone. Additionally, for the past three (3) years, the Practice has averaged impressive gross revenues of $949,137 (2019-2021). The Practice currently employs ten (10) 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 up to one (1) to two (2) years. To take advantage of this exciting business opportunity, call us today!
Over the past 39+ years, this Washington tax and accounting firm has offered tax and bookkeeping services to both business and individual clients in Winthrop and surrounding areas. As of June 2022, the Practice has approximately ~662 active clients and has seen great client retention as is evidenced by the increase in client counts year-over-year. The Practice’s service by revenue breakdown is 72% Tax Preparation & Consulting, and 28% Bookkeeping. In 2021, the Practice brought in $597,220 in gross receipts which was a 12.6% YoY increase! Including the Owner, the Practice has seven (7) loyal staff members. The Owner is willing to stay on part-time for up to two (2) to three (3) years if desired.
If you are interested in any of our July Featured Listings, email us and indicate the listing name and number in the subject line or call us at 253.509.9224.