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I AM LOOKING TO SELL MY PHYSICAL THERAPY PRACTICE IN THE NEXT 2-3 YEARS? WHAT IS MY FIRST STEP TOWARD DOING SO

I AM LOOKING TOWARD SELLING MY PHYSICAL THERAPY PRACTICE IN SOUTH FLORIDA (N. MIAMI BEACH, HOLLYWOOD AND POMPANO BEACH LOCATIONS) WITHIN THE NEXT 2-3 YEARS AND WOULD LIKE TO KNOW HOW I WOULD GO ABOUT LOOKING FOR POTENTIAL BUYERS AND APPRAISING THE VALUE OF THE ENTITY. WHAT THINGS WOULD I NEED TO HAVE TOGETHER ASSIDE FROM P&L STATEMENTS; 941'S, ETC....AT THAT TIME???

DANIEL DEANE

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Answers (5)
Keith C. Borglum CHBC CBB healthcare specialist
Professional Management and Marketing
CA

Florida law requires that your appraiser and broker be state-licensed in Florida. I'd suggest its also best to use a Certified Healthcare Business Consultant.
Keith Borglum
Florida licensed business broker
Certified Healthcare Business Consultant

Jul 7, 2014
Mel Vaz
Vested Business Brokers, Ltd.
Chief Operating Officer
Suffolk County, NY

I have recently sold a PT practice in NY and record keeping is the key. A buyer will only pay for what they can verify to be true and accurate. Make sure that you can account for everything and keep your records organized. That is a sure way to successfully sel your practice.

Jul 14, 2009
River's Edge Alliance Group, LLC
Rivers Edge Alliance Group, LLC
PA

Daniel,
Many of the questions you have asked will be answered in my upcoming webinar titled, "Is Your Business Saleable?"

In the event this may be of interest, a link to more information and registration is below:

http://www.riversedgealliance.com/contact-us/pages/webinar-flyer08_04_09.htm

I hope you will have the opportunity to join us. I am certain that we can get you pointed in the right direction. Thanks Daniel!!

Jul 14, 2009
Janelle Peralt
JP Business Brokers
Owner/Broker
Kerr County, TX

Daniel, It's critical to maxtimize growth and profit over the next 2-3 years. Make sure your records are good, and you have good detail to answer questions. Implement systems that will make it easy for a buyer to step in and run the business.

Good luck!
Janelle

Jul 13, 2009
No User Photo
How to Buy a Business
WA

For starters have properly maintained books and records so that potential buyers can get the data they need to assess your business without having to sift through shoe boxes full of receipts, invoices, and other pertinent information. You must also reverse gears in terms of your tax strategy and start focusing on making your ODCF or SDE look as big as possible, because that's what the sale price will be based on.

Jul 8, 2009

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