Why do I need an appraisal or valuation?
A business appraisal is a professional analysis of the worth of a business or business interest based on the consideration of all of the relevant facts. Each valuation is as unique as the business being appraised. The appraisal process involves extensive research and analysis tailored to your business and the purpose of your valuation. The complexity of business today makes it important for a business owner to know the fair market value of his or her business at different stages in its life. Valuations play a critical part in all strategic transactions. The following are some of the reasons a business owner may need to know the value of his or her business or business interest:
For most individuals, the above transactions represent the largest transaction of their lives. Guessing at the value of a business, or using a "friends guesstimate" and being wrong can cost thousands of dollars. Avoid guesswork; use a professional, accredited business appraiser.
Our medical practice valuations:
Elite Practices provides independent, confidential, and unbiased business valuations prepared in accordance with industry standards set forth by the Institute of Business Appraisers, the National Association of Certified Valuation Analysts and IRS Revenue Rulings. Revenue Ruling 59-60 provides the basis for all business appraisals and requires an appraiser to address the following eight factors with respect to the entity being valued: nature and history of the business; economic outlook; book value and financial condition; earning capacity; dividend paying capacity; goodwill and other intangible assets; prior sales; and market comparable. We have extensive experience in appraising closely held corporations and business interests for a wide variety of purposes. Valuations are determined using the three main valuation approaches: Asset, market and Income. The final indication of value may be a result of one, or a combination of these approaches. Each client will receive a written report explaining the methodologies and techniques used by the appraiser.
How Do I Valuate My Medical Practice?
While there are several common factors that come into play when valuing any business, each practice brings its own unique set of circumstances to the table, requiring a customized approach to determining its full actual worth.
Whether you want to sell you practice, prepare for your future, or simply complete the formal valuation of what is likely your largest business asset, Contact Elite Practices today. We have the finest tools available to help keep your business goals on track.
At Elite Practices, we understand you need someone with the expertise and knowledge to represent you in the valuation of your medical practice. We are able to access fair market value, understand your needs for an exit ( or partnership ) and utilize our knowledge of the market to provide you with a detailed practice valuation that will make you feel comfortable you are receiving the most value out of your investment.
Determining practice value may be one of the biggest decisions of your career and life, and we don't take that for granted. At Elite Practices, we have the years of experience and expertise to effectively evaluate the value of your practice and offer you piece-of-mind that you are making the right decision to work with us as experts in the medical valuation industry.
What is the medical practice appraisal process?
The appraisal process consists of five steps:
Let us assist you with valuation of your medical practice,.
Contact Us while you are here today by calling us at (800) 860 8735