3 Options for PT Practice Owners Thinking About Exiting

Your business was not worth that much when you opened your doors and you started completely from scratch, but since then, your practice has grown a bit and, over that time, the proportion of your assets tied to your practice has most likely increased. That’s when you built a successful physical therapy practice, but when was the last time you calculated the percentage of your net worth tied to your practice’s value? Are you one of the practice owners looking for your “Freedom Point” and thinking about exiting or selling your practice? 

This week's Dave Kittle Show episode, Dave Kittle will talk about 3 options for physical therapy practice owners who are considering exiting or selling their practice when they get to their point of freedom and want to diversify their net worth. 

He will touch on such topics as:

• When you get to the point of freedom and want to diversify, but still don’t want to retire, you have a lot of options in order to achieve that.
• Selling a minority stake in your business allows you to diversify your net worth while continuing to control your business.
• When selling a majority stake in your practice, the buyer may ask you to continue to run your business for many years to come.
• When selling your physical therapy practice, you will likely have to agree to a transition period, which varies for several reasons.
• Building a successful practice is rewarding, but when your personal balance sheet is mostly tied up to the value of your practice, that’s when things get challenging.  

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