Information and resources to help you shape your practice exit
This resource has been developed for the UK market – if you are not based in the UK then you should consider how the information and advice can be applied in your market.
There are many aspects to keep in mind when you start thinking about shaping your practice exit - all the more reason to start planning sooner rather than later. We recommend that you start planning at least three years in advance of your planned exit date, and here are some of the things you'll need to think about.
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Multipliers
What determines the size of the multiplier and what is it based on?
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When do you get the money?
The selling price you negotiate isn't necessarily what you'll receive when the dust settles
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Preparing a practice for sale
What you can do to make your practice more attractive and ensure a smoother transition
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Using a broker or adviser
Whether or not you use a broker or adviser depends on what the right fit for your practice is
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The importance of confidentiality
Protect yourself when it comes to sharing information about your practice
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Exiting like a boss
Top tips for shaping your practice exit