When you’re selling your clinic (you might be selling your Physiotherapy, Chiropractic, Podiatry, GP, Occupational Therapy, Speech Pathology, Osteopathy, Psychology or other type of clinic), it can be a difficult and emotional time. You have often spent many years building your practice, investing in it and working long hours as a clinician & also probably as a manager to make it a profitable and successful clinic. Although not legally required, a lawyer is helpful throughout the sales preparation process and the actual sale – not only protecting you legally, but also ensuring that all practical considerations are taken into account and that you don’t make decisions from an emotional perspective.
There are many important issues that need to be considered when selling your clinic, particularly in regard to ensuring that the Business Sales Agreement accurately reflects your agreement with your clinic buyer.
There are typically four stages to a sale of clinic transaction.
1. Offer: Receiving and accepting an offer from a buyer
When you find a willing buyer, you will often receive from them either a written letter or v