2nd Opinion for Buyers
When buying a practice from a broker, who is also responsible for the valuation, it can be biased. We can either prevent you from paying an unrealistic price, or give comfort that the price demanded is commercially realistic.
Our extensive track record means we have unparalleled expertise in valuations, transactions advice, and assessing financial performance.
Many practices for sale aren’t publicly advertised, often sold between close associates, however, the confidential transaction details enrich our database. Heavily advertised practices may have significant issues, like low fee areas or unfavorable lease conditions, that can impact their value. We routinely check financials and crosscheck expense ratios against our database for reliability. We don’t work as practice brokers to maintain independence and impartiality.
When buying a practice from a broker, who is also responsible for the valuation, it can be biased. We can either prevent you from paying an unrealistic price, or give comfort that the price demanded is commercially realistic.
Practice accountants or valuers lacking market expertise can produce unrealistic valuations, discouraging potential buyers, inflaming partnership disputes, or delaying settlements in divorce. We can offer a sound & essential second opinion.
Practices with low profitability can still have significant value. We can assess any business against our decades of benchmarking data to identify what returns could realistically be achieved from the practice over a longer period of time.