How to Sell a Practice

If you are considering selling your practice, simply complete our 30 second Sell a Business Registration form and one of our professional team will give you a call to confidentially discuss your options. Alternatively if you would like to speak to someone straight away then you can call us on 1300 377 255 or contact Chris on 0478 577 355.

Below is an overview on selling a medical practice. For more detailed information please see the Selling FAQ.

1. Appoint Agent

Ensure you appoint a licensed GP practice sales specialist whom you feel comfortable with.

2. Assemble all necessary Documentation

It is essential that we assemble a number of documents prior to advertising your GP practice. When you instruct us to sell your clinic we will produce a high quality Memorandum of Information (MOI) which gives information about your practice.

3. Research and Buyer Identification

A key part of the process of involved in selling a business is to identify and target the right potential buyers.

4. Buyer’s Confidential Deed

For the protection of all parties, each interested Buyer is initially interviewed, and if we deem the Buyer to be qualified, we require that they sign a Confidentiality Agreement, accompanied with a copy of their Drivers Licence or Passport.

5. Our Database

Clinic Sales has a constantly growing database of active and committed GP buyers nationwide. One of the ways in which we go about selling your practice, is to match your opportunity with buyers who seek similar clinics. Once the buyer has completed a confidentiality agreement, we provide information about your clinic to those potential buyers.This process is regularly repeated to ensure that all newly registered Buyers are contacted. This can speed up the process of selling a practice as we actively seek out buyers rather than just simply waiting for interest to generate from advertising alone.

6. Online Advertising

In the modern age the internet plays a vital role in selling a clinic and it is essential that your “masked” practice is also advertised online. That’s why we have a strong online presence and advertise all our clinics on all the relevant portals, generating strong enquiry. Please note we ensure your confidentiality is protected by masking the practice in all advertising, ie providing only location details which don’t distinguish your individual practice. Email alerts are sent to all the registered users on our database seeking clinics like yours.

7. Interest & Offer Negotiation

After generating interest in your practice, we will present all interested parties to you and organise inspections of your clinic. We obtain feedback on all inspections and share this with you.We work to secure offers on your behalf. Negotiations can be difficult, even for professionals like Clinic Sales. Our considerable experience in the field of negotiation allows us to see opportunities that others may miss. When an offer is made, we will discuss it with you in detail and offer advice regarding acceptance or otherwise and solicit deposits from accepted offers.

8. Completion & Settlement

Once a price is agreed and the sale is underway we will continue to work closely with all parties; yourself, the buyer and solicitors from both sides to ensure a smooth, successful and rewarding completion and settlement.

If you would like to sell your clinic with us or would like to know more about selling a practice, please call us now on 1300 377 255 or Chris on 0478 577 355 or fill out our 30 second Seller Registration Form and one of our team will be in touch with you shortly.