
A Smarter Way to Sell Your Practice
Whether you are tired of the daily grind, tired of being a business owner, or just ready to exit and retire, selling your practice can be a great option-if you can find the right buyer.
From a lending stand point, one of the most important steps in the process of selling your practice is to pre-qualify the financing arrangement for that right buyer. By doing so, here are some important factors you’ll discover:
- What’s a realistic sales price;
- How much of the sales price the lender is willing to finance;
- Will the cash flow support the debt service of the purchase price;
- How much of the financing, if any, you’ll need to carry;
- How much of a down payment, if any, the buyer will need to contribute.