A popular misconception is that that value of an audiology practice is somehow related to the annual net sales turnover. In reality, we know that a practice with a sales turnover of £180,000 is likely to be valued at something between £1 and £200,000! The exact figure is a function of many variables that need to be analysed including the profit and loss accounts and balance sheets for several years, the local demand for audiology services, the local supply of audiology healthcare professionals, the transferability of any contracts, security of tenure at the practice’s location(s), competitive pressures, the look and feel of the practice, the equipment and the state of the wider economy and bank lending at the time of valuation.
Our practice valuation service is ideal for:
- The sale or purchase of a practice
- Business or exit planning
- Formalising partnership arrangements
- Forming a Limited Company
- Compulsory Purchase
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