Retirement is on the horizon: What’s my practice worth?

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Retirement is on the horizon: What’s my practice worth?

Shaun Phelan

Monday 30 September 2024, 04:29 PM

Location, workforce availability and potential profits all factor into the equation of what a practice is worth [Image: Anchiy on iStock]

I’m currently the sole GP owner of a practice with 6000 patients and four associate GPs working for me, and I’m considering retiring in the next five years. Can you give me an idea of what my practice is worth and what I need to do to help with the sale to other GPs and a successful transition to retirement?

– Retirement planning, Auckland

The value of a practice is not about what you earn working as a GP, but what the buyer can expect to get on top of that We don’t value practices,

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