Broker Tip – Planning for Career Transition or Retirement
Doctors considering a career transition or retirement must plan 3-5 years ahead of time before selling their practice. This will allow time to make any required changes to increase profitability. If practice profitability is 12% EBITDA (earnings before interest, taxes, depreciation, and amortization) then the practice is a corporate target. The seller will be expected to work 1-3 years after the sale so early planning is essential to achieve your desired result.