Practice Sale Assistance- For those Doctors buying a practice, we can
offer you support and save you $money$.
We charge you a flat fee for this service. As practice consultants we can assist you the “Buyer” through the practice purchase process. This is a major step in one's life, emotional and financial, lean on the Supreme Team to provide you the benefit of their forty-years' experience and expertise selling and buying practices.
Supreme does not list practices for sale, and we are not a practice broker. We can help you the “Buyer” with guidance and paperwork coordination.
This can be a highly emotional process with many predictable tasks to overcome, we handle them all. Let us minimize your purchase price, through our concise practice price assessment and our negotiations as your representative.
Supreme can develop creative purchase options for you and the seller to consider. We assist you as the “buyer” obtaining monies needed to buy “your” practice at the best rates and structures. This includes a transition plan, post purchase which we believe is essential to a successful future.
Price valuation/assessment; Supreme can assist the buyer valuing a practice to be purchased and assist negotiating with the Seller. This process will include preparation for purchase and money needed for the deposit and full purchase. Let us negotiate a fair deal that meets your cash flow capacity and creates a transition plan for your future.
- Two year financial practice analysis and cash flow post-closing.
- Practice cash flow analysis based on global overview to include all buyer debt and purchase loan payment. This is imperative to the buyer's success.
- Full written practice narrative, practice overview
- Twelve-month full year post sale financial projection and goals
- Source a bank loan, negotiating rate, term, and structure to best meet financial goals. This can include a Seller Note or other creative financing structures needed to purchase the practice. In addition, we analyze working capital needs to ensure success. Accounts receivable negotiations that can affect the working capital needed will be analyzed.
- Coordinate all needed forms, financial information to obtain a loan to purchase the practice. In addition, we will organize and coordinate with the bank the closing forms, requirements, and nuances once your loan is approved.
- Assist with negotiation of the practice office lease to help formulate plan for the landlord to approve you. Most banks require a five-year lease with a five-year renewal option. We can help you obtain what is needed.
- Assist with insurance requirements set forth by the bank or practice lien holder
- Negotiate with the seller should he/she stay on post sale with an agreement that will define expectations.
- Supreme can prepare standard buy-sell agreements and other documents needed to properly purchase the practice. This is normally the Sellers responsibility; we can assist you through this process and save money. If you have an attorney, we will work closely with him to ensure you have a smooth transition to buy.
- For two-years post sale we will provide you quarterly financial overviews to ensure a smooth financial transition, upon your request. We can guide you through these numbers to help educate you on key practice metrics to be focused on.
- If you have a seller carry back note or high rate loan, we can formulate a two to three year action plan post sale. This will allow you to either pay-off the note or refinance your practice loan in order to obtain a better rate and increase your practice and personal cash flow.