Kevin Mercier: 7- Tips to Explode Profits Selling a Physical Therapy Practice
Listen to the podcast www.LinkTr.ee/ptpintcast
Kevin Mercier is the Director of Strategic Development for FYZICAL Therapy & Balance Centers. Kevin believes your business is your vehicle to get what you want out of life.
Business owners should maximize the value of their practice by developing a wealthy exit strategy.
Kevin discusses how to develop an exit strategy for the physical therapy private practice owner. The biggest metric a buyer is going to look at is your EBITDA or earnings before interest, taxes, depreciation, and amortization. Timing is everything when you’re looking to exit from not only the state of the world but the state of the industry. As a seller, the most important thing you need to do is see what’s out there and get the most value for your business aside from who the buyer may be.
Episode Takeaways
Planning a wealthy exit from PT private practice
Know your starting and landing point
What to expect when selling your practice
Important metrics buyers are looking at
How to attract potential buyers
What your practice is worth - size, location, buyer demand
