Selling a practice takes approximately 150 hours, which is why you’ll want to hire a professional broker to do the heavy lifting rather than attempting to add that task to your already full plate. In order to get the most of your sale, both financially and personally, there are other considerations that can affect the entire outcome of selling your practice. After all, your time is money.
Focus on the bottom line
Your primary focus during the selling process is to maintain the success of your practice. Both you and your buyer will suffer consequences if the value of your practice decreases with a decrease in production.
Enlist an expert
Just like your patients come to you for your experience, trust a broker for their expertise. Professional practice brokers are experts in the industry and have extensive market knowledge that will lead to a more seamless and possibly faster sale.
Change can bring on unnecessary anxiety with both staff and patients if the transition is not handled properly, ensuring the identity of your practice is protected.
Vet potential buyers
A professional broker will actively handle all your marketing needs to ensure the sale of your practice is put in front of the right eyes, often already knowing potential buyers looking for a practice in your area and presenting you with only qualified prospects.
Selling a practice can be an emotional process, so a professional broker will help remove emotion from the transaction a more efficient and cleaner outcome, allowing you to maintain a work-life balance.
Professional Transition Strategies not only offers a free valuation at the beginning of the process with no signed contract in place, but also 30-day listing agreements where most other brokers require a yearlong contract with penalties. Contact the experts to start the seamless selling process.