Selling a Group Therapy Practice: What Buyers Look For (And How to Prepare)
About this episode
In this episode, Nicole McCance discusses with Daniel King what buyers look for when purchasing a group therapy practice.
Sign up for my How They Did It Success Panel with Group Practice Owners - get the ‘ah-ha’ moment you need to keep moving forward→ https://mccancemethod.com/success-panel-with-group-practice-owners/ Want to watch this episode on video? Check it out here on YouTube: https://youtu.be/rdz1Crf3ZHs In this episode, I sit down with Daniel King from Fireside Strategic to talk about what buyers are really looking for when it comes to purchasing a group therapy practice. As an investor in outpatient practices and someone who also represents practice owners looking to sell, Daniel brings a unique perspective on both sides of the transaction. We unpack what makes a practice attractive, what to focus on now if you want to sell in the future, and the biggest things that can increase your value along the way. Make sure to bring your paper and pen because this episode is full of actionable tips! Here are some key points in this episode: [04:26] Why mental health practices attract buyers. [06:21] What to focus on if you want to sell your therapy practice in 3 to 5 years. [11:20] How adding services can increase your practice's value. [13:41] The profit benchmarks buyers look for. [19:20] Why…
More episodes of The Business Savvy Therapist: Marketing, Hiring & Systems to Grow and Scale Your Therapy Practice
- The Evolution of SEO as we shift to Gemini
- The Signs You’re Ignoring That Are Holding Your Practice Back
- The Exact Hiring Order That Helped Me Scale a Group Practice to 7-Figures
- The Zero-Cost Marketing Strategies That Grew My Practice to 7 Figures
- The Most Common Therapy Website Mistakes (and What Actually Converts)
- How Therapists Can Use Progress Reports to Increase Referrals Fast
Explore listener stats, chart rankings, contacts and more on the The Business Savvy Therapist: Marketing, Hiring & Systems to Grow and Scale Your Therapy Practice podcast page.