Tag

selling
Often times the sale of a practice boils down to financing. The good news is that, in my experience, for a practice with good cash flow and that is priced correctly, there are banks willing to finance 100% of the purchase. Unlike Loaning Money For A Car Or A House, There’s No Real Collateral Sometimes,...
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Ten Years Out – 6 Things You Can Do Now I recently appeared on a blog by Nate Bonilla-Warford about how to prepare for selling your practice. Practitioners often find themselves in a position where they are ready to retire but can’t find anyone interested in buying their practice. They end up closing their doors...
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Can You Sell Your Small Practice? A lot of you OD boomers are ready to slow down. You’ve spent 30 years building up a nice practice and decide it’s time to sell. But if you’ve got a small practice, which I’m going to arbitrarily call $500K or less, you may be disappointed. It may be...
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Why It’s Hard To Sell A Corporate Practice As baby boomers get ready to slow down and retire, I have been getting an increasing number of requests from OD’s who have practiced in retail settings to appraise their practices and help them with their exit strategy. What I have come to realize is that the...
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“Hey John, Can you give me a ballpark figure on how much my practice is worth?” This is one of the most common questions I get asked as an appraiser.  Like most things, there is no quick and easy answer. Appraisers Use Rule of Thumb While some appraisers like to use rules of thumb such as one...
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Renovate Your Website By: Daniel Feldman My daughter likes to watch a show on HGTV called Property Brothers where identical twins Jonathan and Drew Scott help families find, buy, and transform fixer-uppers into dream homes. If you haven’t seen the show yet, it is a great lesson that renovation can work wonders. The show often...
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It’s All About Your Net “It’s not what you make, it’s what you keep.” Too many OD’s, and all physicians, get caught up in how much they gross every year. The focus on top line performance and pay scant attention to the amount they take home. Typical Optometry Practice Net Profit Net profit is the...
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Retirement or Should You Sell and Stay? Earlier blogs mentioned there are three ways to exit the practice: 1) sell and leave, 2) sell and stay, and 3) partial sale.   Today we’ll discuss Sell and Stay. Why Sell and Keep Working There are several reasons why it might make sense for the owner to sell...
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