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Looking to purchase a practice in Chicago

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Jul 14, 2009 10:08 pm

I was fortunate in 2005 to purchase a small practice in Chicago through FPTransitions and am looking to do the same with another local practice. My business is mostly fee-based, sprinkled with commissions from private REITS. I am looking for a similar practice and am only interested in a fair deal in which each side benefits. So if you are within 100 miles of Chicago and you’ve been thinking about selling for awhile or the current environment is making things difficult, I would be more than happy to have discussion to see if it…

  Serious inquiries only, please.......
Jul 15, 2009 1:44 am

do you mind answering what was the size of the last practice you purchased?

Jul 15, 2009 3:07 pm

The practice I purchased was unusually small, yet profitable.  It was a $6 million book of 20 clients with $25k-30k in VA trailers.  Small books are rearly seen as good investments, but this one has paid me back a few times over. 

Jul 15, 2009 3:10 pm

what is typically the cost for a practice?

Jul 15, 2009 3:41 pm

2x fees

1x commissions