Just talked to an entrepreneur who bought a 7-figure medical clinic and transformed his career.

Here's his story:

This entrepreneur is Mohan, a podiatrist and ankle doctor with a passion for business.

Mohan worked in a group practice for years, but he always felt the urge to start his own venture.

After considering several sectors, Mohan decided to acquire a practice in his field of expertise.

He found a deal through a broker, signed an NDA, and began the meticulous process of reviewing financials and performing due diligence.

Most of the financing was done through SBA, which involved a lot of paperwork but was ultimately worth it.

Mohan’s credentials helped him gain the trust of the broker and the seller, making the acquisition smoother.

The seller was motivated to sell due to family reasons and a desire to retire after 30+ years in practice.

The practice had two employees who stayed on, ensuring a seamless transition for Mohan.

Mohan hired an accountant and a valuation expert on success fee to get an accurate value of the business.

He structured the deal with 10% down, split evenly between him and the seller, with SBA financing the rest.

Mohan emphasizes the importance of mindset. Believing in himself and committing fully were crucial for his success.

The first few months post-acquisition were smooth, thanks to the seller's support and cooperation.

Want to hear what happens next?

I just released a 15 min interview with Mohan.

👇 Comment "Mohan" and I'll send you the link.

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