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Thread: Busy NJ Practice for sale..where to begin?

  1. #1
    OptiBoard Apprentice
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    Busy NJ Practice for sale..where to begin?

    My father has turned 66 and although he loves practicing, it is now time he sells his practice and begins his perminite vacation.
    The practice is very busy, we have been up and running for 37 years. It is truly amazing, he started with no patients and a tv. Wating for patients. Now, we are consistently busy. Was quite a run.
    So, what Im asking is, how and where does one go about selling a practice?
    As his daughter, an optician, his optician; Im in need of guidance. It is my job now to help my father. His permanent vacation is long overdue.

    I truly appreciate any help you may have to offer.

    Regards, E

  2. #2
    Master OptiBoarder
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    Contact a lawyer, an accountant, and then a real estate agent.

  3. #3
    Master OptiBoarder
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    A practice consultant that has experience valuing, selling and the transition to retirement may be money very well spent!



    http://blackwellandscibal.com/


    http://www.thewilliamsway.com/

    http://www.cleinman.com/

    http://www.powerpractice.com/our-tea...-professionals

  4. #4
    Rising Star
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    If he still enjoys it,what is wrong with another 10 years.Just sayin'

  5. #5
    Master OptiBoarder
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    Quote Originally Posted by Fezz View Post
    A practice consultant that has experience valuing, selling and the transition to retirement may be money very well spent!



    http://blackwellandscibal.com/


    http://www.thewilliamsway.com/

    http://www.cleinman.com/ ****

    http://www.powerpractice.com/our-tea...-professionals
    To that list might I add:

    http://www.practiceconsultants.com/

    http://www.promed-financial.com/

    http://www.practiceconcepts.com/


    ***Highly recommended!

  6. #6
    OptiBoard Apprentice
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    Thank you everyone for all of your help!!!

  7. #7
    OptiBoard Apprentice
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    I'd put out feelers with the local ophthalmologists and optometrists first, then get a consultant to value the practice. You will likely have to sign something with a practice broker that will prevent you from selling it yourself.

  8. #8
    OptiWizard
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    Remember to put something in the contract with the new owner to protect yourself.
    Help Optiboard $5.00 a month through Paypal

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