What To Expect
Just like in Step 1, numbers are king here. If you know how a practice is doing for its current owner now, you’ll know how well it may do for you in the future. Your analysis should look at everything from collections to staff costs to equipment age, and everything in between. Luckily, you don’t have to do all the hard work. Eventually, a thorough practice analysis requires three parties: you, the broker or agent, and the lending bank. But it starts with you and your accountant giving the practice a hard look.
Of course, there’s more to a practice than its numbers. Use the resources below to learn more about analyzing a practice, both quantitatively and qualitatively.
Your To-Do List:
- Gather Practice Documents
- Complete the Practice Purchase Analysis™
- Decide Whether to Put an Offer on the Practice
Want To Learn More?
Listen to this podcast to understand how to quantitatively analyze a practice for sale.