Get best price when selling your practice

If 2017 is the year you decide to retire, make sure you maximise the capital by selling, rather than simply winding down, the business. Susan Hutter advises on having all the appropriate information to hand if you decide to sell.

Money houseThere are two ways to sell a business.

You can just sell the goodwill – an intangible asset that reflects the value of the practice’s brand, patient base, good patient and introducer relations and good employee relations.

It is considered an intangible asset because it’s not a physical asset like buildings or equipment.

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