What is your practice worth?
What's a practice worth? More importantly, what's your practice worth? And how does that factor in to the overall transaction?
Valuations are perhaps the most critical component in a sales transaction. But selling is not the only reason to valuate a business. Major life events—such as marriage or divorce—can also be reasons for a professional valuation. Bringing on partners, acquiring other business assets, planning for retirement, drafting a will; all require a great deal of forethought and attention, including a critical evaluation of your current business worth.
While there are several common factors that come into play when valuing any business, each practice brings its own unique set of circumstances to the table, requiring a customized approach to determining its full, actual worth.
Whether you want to sell you practice, prepare for your future, or simply complete the formal valuation of what is likely your largest business asset, contact Doctors Broker today. We have the tools to help keep your business goals on track.
If you have questions about performing a valuation on your practice, please contact us.