Practice Potential: Mastering the Art of Selling Your Group Practice

A Masterclass for psychology group practice owners in Canada who are interested in selling

Are you interesed in selling your practice, but aren’t sure how to navigate the process?

In 2023, I decided that it was time to sell my psychology group practice. Although I knew some people who had done this in the US, I wasn't aware of anyone in Canada who had gone through this process. I decided to do it anyway, and ended up selling within six months of making that decision.

Since then, I've had so many of my colleagues ask me how I did it. What's the system? What's the process? Is my business large enough to sell? Profitable enough? What are my first steps? How do I find a buyer?

So what I did was develop a methodology that outlined how I sold my clinic. And that is what I outline in this masterclass.

 

This methodology is called:

Practice Potential: Mastering the Art of Selling Your Group Practice.

In this Masterclass, you learn:

·      The 5 step process to selling your practice, including all the steps you need to take and how to take them

·      What to focus on to prepare your practice to sell

·      What buyers are specifically looking for

·      What advisors and specialists you need to have in your corner

·      Do you need a broker? What is their role?

·      How to price your practice

·      What is EBITDA?

·      The different ways in which you can set up payment

·      How to find a buyer

·      NDAs, LOIs and due diligence

·      Challenges that I experienced and learned from

·      When and how to communicate to your team about the sale

·      What happens after the sale goes through

·      Managing the identity shift and stabilizing into your new life

WHO AM I?

I’m a PhD-trained clinical psychologist with over a decade of post-graduate experience.

I’ve worked in lots of settings- hospitals, mental health clinics, the Canadian Armed Forces mental health team to name a few- and I’ve also owned my own group private practice. I started working with clients in 2002.

I grew my Alberta-based group practice to make over 7 figures per year by 2023. I had retained all staff for 4 years, paid them well and had a great functioning team. I had no complaints, but I was starting a new business and was feeling stretched too thin. I decided to make a change.

I began exploring different options for selling my practice. It was more complex than I expected and wished that I knew someone who had been through the process. After lots of trial and error, I eventually sold for for a great price and learned so much along the way.

I’ve been repeatedly asked about how I did it, so I developed my methodology, Practice Potential, which outlines a 5-step process for selling a group psychology clinic in Canada.

I also offer 1:1 consultation to help support clinic owners through the process of selling their business. Contact me here to discuss.

FAQS

  • It is specifically designed for psychology group practice owners in Canada who are either currently wanting to sell their clinics or might want to at some point in the future.

  • It is $97 CAD.

  • It is approximately 1 hour long.

  • Of course, this depends on many factors. I have outlined the exact steps you need to take in order to sell your Canadian practice. You can take the information from this masterclass and begin the process today.

  • Because you have access to the entire masterclass after purchasing, there are no refunds offered.

I offer 1:1 consultation to help you implement the strategies from the Masterclass and to support you through the sale process.

Reach out below to discuss.