Now that many of us have spent more time than usual stuck in front of the computer screen, you may be killing the time between Zoom meetings day dreaming about when we can finally holiday instead of online shopping more than you probably should. If you were planning to purchase a practice before COVID-19 and still plan to do so, you might want to use this time to reflect on exactly what you are looking for.
We here at Healthcare Practice Sales have come up with a list of questions to help you pinpoint exactly what kind of practice you are looking for.
Of course, one of the most important decision to make when you are purchasing a clinic is the location. In the times of COVID-19 travel can be difficult but you should not let this stop you in creating a sort of mood board of places that you are potentially interested in. Making sure you decide on a rural move or a metropolitan move is also a key decision to make. Use this time to research potential areas that you are interested in.
Another key factor when creating your practice Wishlist is to make sure you know what size clinic you are looking for. You may be looking to expand and purchase a bigger clinic or even looking for a more relaxing lifestyle change and potentially downsizing. It is crucial that you take the time to make an educated decision of what size of clinic you are looking for, in the long run this will save you time and potentially money when you get in the market to purchase a practice for sale.
What can be considered the most important element of your practice Wishlist is the amount of money you are willing to spend. After you have decided on the perfect location and size of the clinic on your Wishlist, the next and most important step is deciding how much you are willing to spend. Extensive research should be done so you as the buyer know exactly how much you are open to spending on a clinic that matches your needs perfectly.
Preparation and research are two important steps to take when putting together a potential Wishlist to find the exact type of practice you are looking to buy. If you have your Wishlist completed and are now looking to find that perfect practice, contact us at Healthcare Practice Sales and we will do our best to find the practice that suits your needs. We sell Physiotherapy, Chiropractic, Podiatry, Speech Pathology, Psychology, Occupational Therapy & many other types of allied healthcare practices. We would love to hear from you.