Purchase of Practice

[cumbridge]

I am considering the purchase of a practice in South Cambridgeshire. Can anyone give me any idea of the sort of likely cost. The fees are in the region of £80,000.

[DJU]

A lot is dependant on location and quality of clients....as well as how quickly the seller wishes to dispose of the business.<BR><BR>As a guide you can pay anywhere from between .9 & 1.2 times the annual recurring fees, so in your case £76k to £96k. We paid 1.2 time the recurring fees for a practice last year because of the quality of the client base and that there were no staff to take on, which kept the costs of acquisition low.