100% Mobile Podiatry Practice -- Phoenix, AZ $125K

Are Medical Practices Practices Selling In 2024?  

Yes, medical practices are selling, particularly podiatry practices. Podiatry practices are outselling MD, DO, DC practices by far. Next in line would be chiropractors. Chiropractic practices are selling as well, but not as quickly as podiatry offices. This is interesting because there are under 20,000 podiatrists in the USA vs. 65,000 chiropractors. 

So why are DPM practices selling so much faster than the rest? 

The reasons for selling a podiatry practice vary. Retirement is not the #1 reason podiatrists sell, or at least not in our experience over the past 5 years, based on consulting with hundreds of DPM clients. Burn-out and unhappiness seem to be a major factor.

In Search Of A Better Quality Of Life? 

After Covid, the lockdown, and the world being turned upside down, what we have seen within the podiatry community the most, is that a many of doctors, both sellers and buyers, are seeking to relocate to warmer climates, smaller cities, or even rural areas, and they are willing to leave these bigger cities with more income, in search of living a 'more peaceful life.' 

• Retirment does not appear to be the major reason for selling a podiatry practice over the past several years.

• Life experiences, less stress, better weather, and more family time DOES seem to be taking over retirement as reasons to sell and/or buy and/or relocate.

How Important Is Asking Price When Selling A Medical Practice? 

Obviously, this is very important, but we aren't trying to try to sell you a $5000 Valuation. The asking price needs to be reasonable to attract the attention of a buyer first and foremost. However, over the past few years, while the asking price is a major factor, there are other areas of the prace that many buyers are placing more value on.

Today's Value In The Mind Of Today's Buyers...

Within the DPM community, it appears that the location of the practice is slightly more important, than asking price in and of itself. This is very different than pre-Covid. 

• We believe many sellers and buyers of podiatry practices where they can't reach a deal have placed too much emphasis on the asking price alone, and are zeroing in on the wrong areas of the practice.

• It's been our experience that when the only driving factor is the price of the practice, that a deal most likely will not happen.

Has Value Of Podiatry Practices Changed? 

Yes and no, in our humble opinion. And not in the sense of just Valuation or Fair Market Value. Rather, how do buyers of this generation perceive value? While numbers are numbers and still matter, today's buyers are in search of working where thy feel proud, have less stress, and more freedom to practice how they want to. 

A big mistake both sides of the deal have made in the past, and still sometimes even now, is focusing too much on "the previous 12 months gross income," because VALUE HAS CHANGED with many buyers, and many buyers are now placing more value on...

• Is this practice in an area that I can be happy over the next couple of decades of my life?

• How will I mesh with the staff and patients in this practice?

• Will I need to work harder just to earn a little more and is this worth it?

Pay particular attention to the 3rd bullet point just above! 

• Most buyers of this generation are not willing to sacrifice lifestyle for a little more income.

• Buyers are ready, able and willing to take out practice loans and purchase a practice, but they are not willing to purchase just "Gross Income."

• Buyers are buying on "how they feel" and the location of the practice versus just the asking price alone.

Know Your Leads! 

As a seller, it's important to know who your "leads" are if you want to have a successful sale. The days of selling for a "percentage of your gross" may be coming to a grinding halt, if not already. It's important to focus on selling the practice, not a number. 

The Importance Of Location & Fit! 

In 2024, the trend that we continue to see is that LOCATION and FIT hold more value than anything else for buyers. ESPECIALLY with the under-40-year-old generation.  

What Percentage Of Practices Sell? 

Podiatry practices are selling, and we sell 77% of our practices within 6 months. The remaining 23% of practices that do not sell within 6 months, most of this group do eventually sell, roughly 18%-20% will eventually sell, but it could take much longer than 6 months. This is due to many reasons that we cannot control and is usually either a location issue or a seller-buyer conflict.

What Percentage Of Practices Do Not Sell? 

3-5% may not sell at all because of location, lack of organization and plan, or not being reasonable. Or, in some cases, "surprises" that are uncovered in the due diligence process.

If your practice is not selling, or if you would like to sell your practice, please reach out to us to explore all of this in more depth. For buyers, we understand you and can help bridge the gap sellers and buyers.

1. Carson City, NV | PENDING ANALYSIS
2. Phoenix, AZ | $125K
3. North of Philadelphia, PA | PENDING ANALYSIS
4. Central FL | PENDING ANALYSIS 
5. Utica, NY | $380K IN-CONTRACT
6. Nassau County, NY | $675K
7. Kings County, NY | $515K IN-CONTRACT
8. Bergen County, NJ | $350K
9. Manhattan, NY | $799K
10. Bridgeton, NJ | $259K
11. Burlington County, NJ | $205K
12. Houston, TX | $945K
13. Austin, TX | EMAIL US FOR DETAILS
14. Costa Mesa, CA | PENDING ANALYSIS
15. Pasadena, CA | $385K - SELLER-FINANCING
16. Eureka, CA | $250K
17. North of San Diego | $710K RECENTLY SOLD
18. South of Boston, MA | $700K - RECENTLY SOLD
19. Cheshire, CT | $249K
20. New Haven, CT | $299K
21. Boston, MA | $385K
22. Springfield, MA | $179K
23. Williamsport, PA | $320K IN-CONTRACT
24. Elkhart, IN | No Longer Available
25. Coralville, IA | $230K
26. Springfield, MO | RECENTLY SOLD
27. Eastern Ohio | $560K RECENTLY SOLD
28. Little Rock, AK | $295K
29. Central IL | $280K SOLD
30. South Chicago, IL | $955K ON-HOLD
31. Fauquier, VA | $450K - RECENTLY SOLD
32. Madison, VA | $250K - RECENTLY SOLD
33. South of Savannah, GA | $600K RECENTLY SOLD
34. North Charleston, SC | $375K
35. Wilson, NC | $320K
36. Las Vegas, NV | $550K 
37. Omak, WA | $395K RECENTLY SOLD
38. Portland, OR | $600K - ON HOLD
39. Milan, TN | $299K
40. Tuscaloosa, AL | Pending Analysis
41. Clarksburg, WV | $200K IN-CONTRACT
42. N. of Jackson, MS | $315K RECENTLY SOLD
43. Milwaukee, WI | $175,500
44. St. Cloud, MN | $195K - RECENTLY SOLD

Recently Sold Podiatry Practice (2024)

• Springfield, MO | SOLD
• Eastern Ohio | SOLD
• North of San Diego | SOLD
• South of Boston, MA | SOLD
• Central IL | SOLD
• Fauquier, VA | SOLD
• Madison, VA | SOLD
• South of Savannah, GA |SOLD
• Omak, WA | SOLD
• N. of Jackson, MS | SOLD
• St. Cloud, MN | SOLD
• Abilene, TX | SOLD
• Longview, TX | SOLD
• Rockford, IL | SOLD
• Fredericksburg, VA | SOLD
• SE Ohio |$400K | SOLD
• Culpeper, VA |SOLD
• Rockville, MD | SOLD
• Hanover, MD | SOLD
• New Rochelle, NY | $1.2M - SOLD
• Bronx, NY | $585K - SOLD
• Baker City, OR | SOLD
• Henderson, NV (2) | SOLD 
• Bowling Green, KY | SOLD
• Monroe, LA | SOLD
• Mobile, AL | SOLD
• Lansing, MI | SOLD
• Queens, NY | SOLD
• Fort Lee, NJ | SOLD
• Phoenix, AZ | SOLD
• Henderson, NV (1) | SOLD
• Madison , WI | SOLD
• Chicago, IL | SOLD
• West of Pittsburgh, PA | SOLD
• Cincinnati, OH | SOLD
• St. Paul | SOLD 
• Macon, GA | SOLD
• Los Angeles, CA | SOLD
• Lexington, KY | SOLD
• Orange County, CA | SOLD
• Paterson, NJ | SOLD
• Flagstaff, AZ | SOLD
• Pittsburgh, PA | SOLD
• Chicago, IL | SOLD
• Chattanooga, TN | SOLD
• Bergen County, NJ | SOLD
• Central Los Angeles, CA | SOLD

Comprehensive Transition System Opportunities In The US

Our CTS program matches a selling-doctor with a buying-doctor that allows the selling-doctor to wind-down and make a slow exit and sell the practice to an associate doctor (buying-doctor), allowing a longer, slower transition and the opportunity for the buying-doctor to fully integrate with the staff and patients. 

THESE PRACTICES ARE NOT FOR SALE OUTRIGHT. The average program duration 12-36 months and governed by strict contractual agreements. 

Here is a list of locations with selling-doctors searching for a buying-doctor:

• Houston, TX - Seller/Buyer Have Been Matched - Not Available
• Eastern Ohio -Seller/Buyer Have Been Matched - Not Available
• El Paso, TX - Seller/Buyer Have Been Matched - Not Available
• Northern Vermont 
• Northern AZ
• Manhattan, KS 

Contact us via email to learn more.