Episode 148: Exit Strategy Series Part II: How Much is My Practice Worth?

Understanding the Value of Your Therapy Practice: Essential Tips for Selling In this episode of 'Therapy for Your Money,' Julie Herres, an accountant and owner of Green Oak Accounting, concludes a two-part series on selling your therapy practice. Julie delves into how to evaluate the worth of a practice, emphasizing the importance of practice size and the role of net profit in determining value. Listeners learn about EBITDA, economic conditions' impact, and multiples' significance in practice valuation. Julie also stresses the need to consult an accountant, attorney, and financial planner before accepting offers. Access a free webinar replay on exit planning for a more detailed guide. Show Highlights 00:00 Introduction to Therapy for Your Money 01:53 Welcome and Episode Overview 02:02 Understanding the Value of Your Practice 04:23 Factors Affecting Practice Valuation 06:35 Determining Your Practice's Multiple 09:48 Considering Offers and Making Decisions 13:47 Professional Advice and Resources 15:15 Conclusion and Additional Resources Webinar Replay Unlocking Your Exit Strategy Replay Links and Resources GreenOak Accounting - www.GreenOakAccounting.com Therapy For Your Money Podcast - www.TherapyForYourMoney.com Profit First for Therapists - www.ProfitFirstForTherapists.com Profit First Academy - www.ProfitFirstForTherapists.com/Academy Podcast Production and Show Notes by Course Creation Studio