Podiatry Practice Sales, LLC Valuations From $395

Why do some podiatry practices sell quickly, or within a reasonable amount of time, while others, seem to sit on the market for a year or two?

While there are many reasons for a podiatry practice not to sell within 6-12 months, we have found that the most common reasons are follows ;

• Location
• Type of practice
• Price
• Unrealistic Seller or Buyer
• Unprepared Seller or Buyer
• Timing
• Winging It, No Real Plan
• Poor Marketing, Limited Reach
• Combination of all of the above

So far, in 2022 and 2023,  we've sold the majority of our podiatry practices within 6 months or less. With these sales, we were able to attract a Buyer that was ready, able, and willing to purchase a podiatry practice, from a Seller that was also ready, able, and willing to sell a podiatry practice. 

When a correct match can be made, the location, type of practice, and other nuances can be overcome, leading to a successful sale. However, this takes diplomacy and know-how to achieve.

The aspects of a sale that cannot be overcome, usually, are unprepared and unrealistic Sellers and Buyers, that are winging it and have no plan to follow. Maybe they want to save money. Maybe they want to stay in control. Maybe they read things online that may be half true and half ridiculous. Maybe they go by what other colleagues say, or worse, use their EMOTIONS to drive their every move. 

Avoid losing time and money trying to sell something that you are not trained to sell. We sell podiatry practices, all day, every day, all year long, and since 2005!

Email us today and let's see what your options are. 

When a podiatrist decides to retire, sell their podiatry practice, or move on to another opportunity, they have the daunting task of finding a buyer. This is no small feat – the medical industry is extremely complex and buyers are often very particular about the details of a potential purchase.

So, what do buyers look for when buying a podiatry practice? In this blog post, we will explore some of the key factors that are important to both sellers and buyers in the podiatric medical industry.

• Buyers Want No Surprises
• Buyers Want a Turn-Key Business
• Buyers Want a Business In Compliance
• Buyers Want a Good Value
• Buyers Want Sellers That Work With Brokers

One of the most important things for buyers is that they want to know what they are getting into. No one wants any surprises after closing on a podiatry practice. That’s why it’s so important for sellers to be upfront and honest about the condition of their business. This includes being transparent about financials, staff, patients, and any potential problems that may arise.

It’s also important for sellers to provide buyers with a realistic picture of what the future looks like for the practice. This includes things like projected growth, expected changes in the industry, and anything else that could impact the business down the line. By being upfront about these things, sellers can give buyers the peace of mind they need to make a decision.

Another thing that buyers look for is a business that is “turn-key.” This means that the business is ready to be operated without any major changes or renovations. For podiatry practices, this often includes things like having up-to-date equipment, a well-trained staff, and a solid patient base.

Buyers also want a podiatry practice that is in compliance with all applicable laws and regulations. This can be a complex issue in the medical industry, so it’s important for sellers to have everything in order before putting their practice on the market.

Last but not least, buyers want a good value for their money. This doesn’t necessarily mean that they are looking for the cheapest option, but rather a podiatry practice that is priced fairly in relation to its condition, size, and future potential.

To determine the value of a podiatry practice, buyers will often look at things like the financials of the business, the condition of the facilities and equipment, and the potential for growth. By taking all of these factors into account, buyers can get a good idea of what a fair price would be for the business.

Sellers should keep these things in mind when preparing to sell their podiatry practice. By understanding what buyers are looking for, sellers can position their business in the best possible way to attract potential buyers.

If you’re a seller, it’s important to work with a podiatry broker who understands the podiatry industry. They will be able to help you navigate the complexities of the sale process and make sure that you are getting the best possible deal.

At Podiatry Practice Sales, LLC, we have a team of experienced podiatry brokers who specialize in selling podiatry practices. 

Reach out to us today so we can help you every step of the way!

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