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Sell My Practice

Seller Frequently Asked Questions

Finding a Practice Broker you can trust should be at the forefront of your process when considering selling your practice. Many states require that Business Brokers be licensed in an effort to help protect the public from fraudulent practices. Even if the state doesn't require licensing, we require all of our practice brokers to have a real estate license. It is important that the Practice Broker you choose has the education, background and direct industry experience necessary to help you complete a legal and successful transaction.

The first step is to complete the consultation form here or just simply give us a call at (800) 815-0590. One of our transition advisors will discuss your options with you and review the expectations you have for the sale or your practice.

We understand that selling a practice can be a daunting task. We make sure you are fully informed of the process of selling your practice and will handle every step. Once you decide you are ready to sell, we will pair you with a transition advisors who has experience and is specialized in your field of practice. Your advisor will immediately review our current buyer list and see if you there are any matches. At the same time, we will reach out to industry contacts such as other practice brokers, vendors, accountants, lenders, etc. to discuss any prospective buyers they may be currently working with. We will also begin our proprietary digital advertising campaign used to maximize your listing's exposure and reach the most potential buyers.

No, it is not necessary to visit our office locations. 1st Med Transitions is unique in that we are a technology-based practice brokerage and can complete the entire transaction without a face to face meeting. We do however recommend having an open line of communication with your transition advisor to develop the personal relationship side of the process. It also allows the transition advisor to spend more one-on-one time with you to go over what to look for in a buyer and how we develop and provide the information presented to potential buyers showing interest in your listing.

The great thing about working with 1st Med Transitions, is that we offer a no cost, no obligation quick dental practice valuation. From our continuall growing experience with over $147+ Million in closed practice transactions, we understand how to determine a realistic valuation of your specific practice. Our vast knowledge of the marketplace working with DSO/Corporate and Indivudual buyers helps us determine the most likely selling price for your practice. This is invaluable knowledge as not every practice broker has the multitude of direct industry experiece we do!

  1. Complete our Free Consultation Form Here and one of our transition advisors will contact you within 24 hours...
  2. Our transition advisors will listen to and discuss your specific professional and practice goals. After our detailed consultation, we will discuss the custom-tailored solutions and steps needed to meet your sales goals.
  3. If we decide now is the right time to proceed with your transition, our advisors will work closely with you to expedite the successful sale of your practice!

Although no scenario is exactly the same, a typical practice only transaction can easily close in as little as 60 days. When real estate is involved in the transaction and an appraisal required, the transaction can typically take 60 - 90 days.

Obviously every situation is different, but it is a seller's market. We have a backlog of pre-qualified buyers in your field of practice who are ready to jump at a chance of owning a successful practice. We will set up interviews/site-visits for you to meet with each qualified buyer and make sure they are a good fit for your practice. Once you have selected the right buyer, the sale will typically take 30 - 60 days to complete.

Due to our technology-based Practice Brokerage business model, we are able to pass the savings on to our clients and typically charge half (5%) of what a traditional practice brokerage will charge (10%).
25

years of industry experience

176

satisfied clients

$147 Million

in closed practice transactions

Why Sell With 1st Med?

1st Med can assist in all of your dental practice sales needs. Let our transaction experience, extensive network of healthcare resources and clear commitment to personalized client service go to work for you.

Our Listing Process Is Simple

GET STARTED
  • 1

    Initial Consultation

    Complete our Sales Consultation Form Here and one of our transition advisors will contact you to discuss your sales goals.

  • 2

    Practice Review

    Your Transition Advisor will listen to and discuss your specific professional and sales goals and review the financial and clinical aspects of your practice. With your input, we will determine a reasonable market value and listing price for your practice.

  • 3

    Active Listing

    We will market your practice for sale through our multiple marketing channels to reach the maximum potential buyers and generate as much interest as possible!

What Our Clients Say

  • From the time when I signed onto 1st Med to the day I received payment for my practice was a mere few months and I can honestly say that I have zero regrets. I can’t imagine why anyone would go with one of the large ‘old school’ brokers that wanted to charge me twice what David did.

    Yes, you are responsible for showing your practice to perspective buyers, but who knows more about it than you? You just need qualified pre screened buyers to come to your place, and that’s what David provided me.

    Dr. Brian Glover, DDS
  • The professionalism, patience and tolerance David demonstrated transitioning a husband & wife, multi-specialty practice was remarkable (trust me, it's tricky business!). His commitment to our practice well-being and our professional future well-being was truly unmatched.

    Never felt so free and financially secure in my life. Finally, I am able to enjoy what I am trained to do best, being an exceptional dentist, while still being able to spend quality time with my family and enjoying my time off.

    Dr. Najib Adi, DMD
  • I didn’t expect him to go above and beyond his way to ease up such a stressful process. I decided to give 1st med transitions a try, because unlike others, they didn’t require a long term contract and I should confess I am extremely satisfied.

    With other companies, you’re pushing your luck if you miss Monday through Friday schedule, but for Micheal office hours is just on paper, he is available after hours and on the weekends, if needed. Words cannot do justice describing his professionalism and helpfulness.

    Dr. Giti Bahar, DDS

Recent Closings

Questions?

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To speak with a Practice Transition Advisor Call Us: (800) 815-0590 or

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