When You are Looking to Sell Your Practice or Buy a Practice, What you Should Know About Valuations, Financing and Payout Options. Chris Frederiksen, CEO.

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Presentation transcript:

When You are Looking to Sell Your Practice or Buy a Practice, What you Should Know About Valuations, Financing and Payout Options. Chris Frederiksen, CEO & Chairman 2020 Group USA

Announcing our 2013 Seminar Program– Register Today at The most frequent questions I get are: What’s the Multiple?

Announcing our 2013 Seminar Program– Register Today at PCPS Survey  Sole Practitioner 65% are over 55

Announcing our 2013 Seminar Program– Register Today at PCPS Survey  Multi-Partner Firms 63% expect a partner exit within 5 years

Announcing our 2013 Seminar Program– Register Today at  The Multiple is not the cause of a practice’s value – it’s the effect of the 15 C’s

Announcing our 2013 Seminar Program– Register Today at The 15 C’s 1.Client Retention 2.Culture of the Firms 3.Chemistry of the People

Announcing our 2013 Seminar Program– Register Today at The 15 C’s 4.Care standards for Clients 5.Comparable Relationship 6.Co-dependency with Clients

Announcing our 2013 Seminar Program– Register Today at The 15 C’s 7.Capacity to serve the Clients 8.Charging, Billing and collecting of fees 9.Close enough office location

Announcing our 2013 Seminar Program– Register Today at The 15 C’s 10.Cost Savings 11.Cash at Closing 12.Contingency Payout

Announcing our 2013 Seminar Program– Register Today at The 15 C’s 13.Compensation for services rendered 14.Cutting back 15.Communicating the deal to Clients

10 Key Considerations of Valuation 1.Location 2.Size 3.Types of Practice 4.Dependency 5.Staff Announcing our 2013 Seminar Program– Register Today at

10 Key Considerations of Valuation Announcing our 2013 Seminar Program– Register Today at 6.Recurring Revenue 7.Billing Rates and Realization 8.Concentration of Fees 9.Age of Clients 10.Technology

Announcing our 2013 Seminar Program– Register Today at 21 Key Deal Points 1.Price Determination 2.Cash Down payment 3.Payout Period 4.Acceleration 5.Contingency 6.Collars 7.Tax Treatment

Announcing our 2013 Seminar Program– Register Today at 21 Key Deal Points 8.Financing 9.People and Benefits 10.Use of Name 11.Advising Clients 12.Fees 13.Deficient Work (Fix-it) 14.Uncompleted Work (Catch-up)

Announcing our 2013 Seminar Program– Register Today at 21 Key Deal Points 15.Consultancy 16. “Perks” 17. Tail Insurance 18. Non-Compete 19. Disputes 20. Death 21. Divorce

Announcing our 2013 Seminar Program– Register Today at So what’s the REAL deal on Multiples? Major City Suburbs Rural

Announcing our 2013 Seminar Program– Register Today at Final Piece of Advice