BUYER

BUYING A PRACTICE?

• Buying a practice is more than finding the right price, consider similar philosophy
• Consider goodwill, community presence, and character of the seller
• It can still take as long as 3 months to close even after terms are agreed upon w/ seller
• The average closing time is 45 days from signing purchase agreement if financing

KEY STEPS IN BUYING A PRACTICE

• APPRAISAL A solid seller and its practice will have the practice appraised already

• FINANCING If financing will be your source of funding - pre-approval is key

• PRE-APPROVAL Don’t waste your time, a seller’s time, or a broker’s time searching for a practice that you are not qualified to buy – instead, establish a relationship with a broker now and begin learning what you can and cannot qualify for - The key to a smooth sale is searching within your means - Use a broker, attorney, accountant, or someone you trust to assist you with this transaction – a practice acquisition is a long process with many emotional highs and lows – you will crash and burn if you go-it-alone without professional assistance.

WHAT WE DO

• Locate a practice for you
• Our practices for sale have appraisals and are listed at fair market value – not inflated
• We coordinate financing & have established relationships with lenders
• We draft all documents and handle all steps and phases of acquisition leading to the sale
• We handle all negotiations
• No practice too big or too small to buy
• Found a practice already, we can co-broke and still facilitate the deal

FOR A FREE CONSULTATION, PLEASE CALL 614-918-3000 TODAY

APPRAISALS * BROKER SERVICES * CONSULTING