How It Works

Every successful transition begins with understanding the true value of your practice.

We perform a comprehensive valuation and develop a pricing strategy designed to attract qualified buyers while maximizing marketability.

Includes:

• Comprehensive Practice Valuation (Included In Phase 1 & 2)
• Market Analysis 
• Pricing Strategy 
• Transition Planning

Once your practice is properly valued, we confidentially market your opportunity and connect you with qualified buyers.

We assist with buyer screening, introductions, initial negotiations, and help both parties reach agreement on the business terms of the transaction.

Includes:

• Confidential Practice Listing 
• Buyer Marketing 
• Buyer Screening 
• Buyer Introductions 
• Initial Negotiations 
• Sale Term Summary

The Role of Podiatry Broker

Podiatry Broker focuses on the business side of the transaction—valuing the practice, developing a pricing strategy, locating and qualifying buyers, facilitating negotiations, and helping both parties reach agreement on the business terms. 

For clients who elect our optional Transaction Management service, we also help coordinate communication, maintain timelines, and keep the transaction moving toward a successful closing.

Once buyer and seller have agreed to the business sale terms (In Phase 1 and 2), many sellers choose to have their attorney prepare the legal documents.

For those who prefer continued broker involvement, Podiatry Broker offers optional Transaction Coordination through closing.

• Attorneys still execute the agreements
• CPA's still provide legal financials
• Podiatry Broker at this point becomes the Point-Man and facilitates and coordinates, as well as communicates with all parties involved to keep the transaction moving along

Includes: What We Do --- What Your Attorney and CPA Will Do

Your attorney and CPA manage the documents needed by the lender or buyer. 

If you hire us to stay on until the Closing...

Podiatry Broker facilitates the closing phase process and ensures that the transaction is moving along at the correct pace. When there are delays or slow-downs, Podiatry Broker helps by working with all parties to obtain and deliver the items needed for the transaction to move forward.

We All Have A Specialized Role:

• CPA: Financial information and tax guidance
• Attorney: Legal documentation and legal protection
• Podiatry Broker: Transaction strategy, buyer acquisition, negotiation, and coordination

Podiatry Broker (Optional)

• LOI Coordination 
• Purchase Agreement Coordination 
• Attorney Communication 
• Financing Follow-up 
• Due Diligence Coordination 
• Closing Management 

Why Having Us Stay With You To The Closing Is Beneficial

Attorneys do not usually "manage the transaction"—they manage the legal work. 

Likewise, CPAs don't typically keep buyers, sellers, lenders, landlords, and attorneys all moving together. 

That coordination role is exactly where a broker adds value when retained through closing.  

Podiatry Broker works as a team with all parties involved to better serve our clients. 

Your "Go-To" For Legal Work & Other Legal Matters

• Review, Revise Sale Term Summary
• Draft & Execute Letter of Intent
• Arrange For Security Deposits (If applicable)
• Draft & Execute Purchase Agreement
• Draft & Execute Necessary Legal Documents
• Lease Agreement Service (Exit & Stragey)
• Bill of Sale
• Closing Document Review (Lending Terms, etc)

Please Note: Attorneys differ. Many have their own internal protocols in place. Listed above are common services in a podiatry sale. 

Attorneys don't usually "manage the transaction"—they manage the legal work. 

The most common scope here would be drafting and executing the Letter of Intent and Purchase Agreement. These two documents are the foundation of the deal and need to be completed before a Closing can be arranged. 

Lease assignments or new leases are also a common service that attorneys help with. 

A bill of Sale comes in the end at Closing. However, many attorneys have their own protocols for this phase.

How your attorney approaches the transaction after we hand off the "Terms of Sale Summary" differs. 

We will gladly work with your attorney.

Your "Go-To" For Financial Documents & Tax Advice

We need CPA's onboard - all buyers and banks may request different financial information, and your CPA is your best asset here.

Common documents needed:

• Up To Date Tax Returns
• Tax Advice
• Profit & Loss Statements
• Allocation of Purchase Price
• Other Documents Needed

CPAs and attorneys do not typically keep buyers, sellers, lenders, landlords, and attorneys all moving together.

We will gladly work with your CPA.