Your Roadmap to Success with Princeton Medspa Partners
Once you’ve decided to sell your medical aesthetic practice to Princeton Medspa Partners, there are several key steps to take before the partnership can officially begin. It is one of our main priorities to make this process as seamless and transparent as possible. Here’s a look at our proven roadmap to success for everyone involved:
We will begin with a legally binding contract that establishes our confidential relationship. Our team and yours will sign a mutual Non-Disclosure Agreement (NDA) to protect us both from disclosing sensitive information, including financials.
To determine the valuation of your medspa, we will work with you to clearly understand your financial performance.
Throughout this process, we will ask you questions and help you normalize your earnings. This means taking out the expenses that will stop once your practice is purchased, which should give you a larger valuation!
4. Medspa Visit
At this point in the process, our team is ready to visit your practice for a first-hand look.
5. Letter of Intent (LOI)
We’ll then make you an offer with a letter of intent (LOI) outlining the price and terms. This letter is non-binding until the final purchase documents are executed.
6. Due Diligence
Once you have signed a LOI, we will enter a process of due diligence, fully analyzing your business from a financial, operational and legal vantage point. During this process, a third-party firm will perform a Quality of Earnings (QOE) to verify the financials.
Once due diligence is completed, you and your lawyer will review the final legal documents.
Once all legal documents are signed and funds have exchanged hands, the transaction is closed, and the partnership begins!
We are eager to get this process started! To learn more about joining our community of the top medical spas in the nation, email us at email@example.com today.