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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.

Yes. On average, 1st Med sellers have saved $25,000 - $50,000 in fees when compared to what they would have been charged by a traditional practice brokers. Of course, the exact savings depends on the selling price of your practice. But, in all cases, the 1st Med’s fee is drastically less than traditional practice broker commissions. Plus, you pay nothing up front and there are no hidden fees.

Go to the Sell My Practice page and complete the form to get started. A Transition Advisor will follow up to answer any questions you have about listing your practice with 1st Med. You can then request a complimentary independent valuation report. There is no obligation and if you are not interested at any time. Alternatively, you can always give us a call directly at (800) 815-0590

On average, 1st Med Practices sell faster than similar ones in the same price range and area. This is a direct result of 1st Med's proprietary algorithms that target potential buyers directly through multiple digital marketing channels.

Your Transition Advisor will request the documents needed to do a complete financial & clinical analysis of your practice. Once we have a good understanding of your practice's attributes, we will work with the Valuation team to analyze comparable sales in combination with your EBITDA and Cash Flow multiples. The results of the analysis will be evaluated alongside your personal objectives for selling your practice. Your agent will then provide you with a suggested pricing report for review and discussion.

The great thing about working with 1st Med Transitions, is that we offer a no cost, no obligation practice valuation. From our growing internal transition data with over $155+ Million in closed transactions, we can quickly determine a realistic valuation and listing price of your practice.

We'll never pressure you to take an offer you're not happy with. Unlike traditional practice brokers that are motivated by maximizing commission fees, our success is based on customer satisfaction. You are in control, and your Transition Advisor is always there to advise you, but at no time will we pressure you to accept an offer..

At 1st Med Transitions, the confidentiality of your practice is of the utmost importance to us. We take a number of steps to assure this throughout the sales process.
  1. Our public facing listings only show generic practice details written for the sole purpose of gaining interest from potential buyers
  2. Each potential buyer is put under a strict Non-Disclosure Agreement prior to being able to securley review any confidential practice documents including the name and address
  3. Practice documents are shared through our Encrypted Data Room at hub.1stmedtransitions.com and documents are watermarked and we control downloadable and pritable access.

Obviously every situation is different, but it is a seller's market. We have a backlog of pre-qualified buyers 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 up to 60 days to complete.

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 & Valuation

    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

    Market Your 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 Seller's Have To Say

  • Dr. Brian Glover, DDS

    sold his practice in Raleigh, NC

    "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 as 1st Med Transitions."

  • Dr. Najib Adi, DMD

    sold his practice in Gainesville, VA

    "The professionalism, patience and tolerance David demonstrated... was remarkable.

    His commitment to our practice well-being and our professional future well-being was truly unmatched"

  • Dr. Martha Murphy, DDS

    sold her practice in Gaithersburg, MD

    "Mike is proof that you don't need a broker who lives in your immediate area. I would highly recommend him and 1st Med Transitions."

  • Dr. Ricardo Guillen, DDS

    sold his practice in Portland, TX

    "I am very grateful to 1st Med Transitions and, especially, to Mr. David Goldstein for the relentless effort he dedicated in selling my dental practice in a very short amount of time."

  • Dr. Sonia Smith, DDS

    sold her practice in Fort Worth, TX

    "Being my first time selling a dental practice... I'm so glad I chose 1st Med Transitions and would recommend them to anyone who wants to sell their practice"

Questions?

Ask a specialist?

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

Click Here To Get Started