Understanding the Value of Your Therapy Practice: Essential Tips for Selling
In this episode of 'Therapy for Your Money,' Julie Herres, an accountant and owner of Green Oak Accounting, concludes a two-part series on selling your therapy practice. Julie delves into how to evaluate the worth of a practice, emphasizing the importance of practice size and the role of net profit in determining value. Listeners learn about EBITDA, economic conditions' impact, and multiples' significance in practice valuation. Julie also stresses the need to consult an accountant, attorney, and financial planner before accepting offers. Access a free webinar replay on exit planning for a more detailed guide.
Show Highlights
- 00:00 Introduction to Therapy for Your Money
- 01:53 Welcome and Episode Overview
- 02:02 Understanding the Value of Your Practice
- 04:23 Factors Affecting Practice Valuation
- 06:35 Determining Your Practice's Multiple
- 09:48 Considering Offers and Making Decisions
- 13:47 Professional Advice and Resources
- 15:15 Conclusion and Additional Resources
Webinar Replay
Links and Resources
- GreenOak Accounting - www.GreenOakAccounting.com
- Therapy For Your Money Podcast - www.TherapyForYourMoney.com
- Profit First for Therapists - www.ProfitFirstForTherapists.com
- Profit First Academy - www.ProfitFirstForTherapists.com/Academy
- Podcast Production and Show Notes by Course Creation Studio
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