Selling A Dental Practice

I'd Like To Sell My Practice

Practice Type:
Purpose:
Full Name:
Phone Number:
Email:
State:
Available:

Selling A Dental Practice

Are You Looking To Sell Your Dental Practice?

At 1st Med Transitions, we understand that Selling A Dental Practice on your own can be a difficult and time consuming task. Are you asking yourself... Is now the time to sell my dental practice? Whether you are ready to sell or just starting to entertain selling your dental practice, our transition advisors are happy to discuss your options.

We know that you have invested years of hard work and sweat equity into your Dental Practice. When it comes time to sell you dental practice, you want to have the right team in place to help and support you every step of the way. At 1st Med Transitions, we have developed a tried and true method designed to generate the most potential buyers in the least amount of time and maximize the sales price of your practice.

Step 1: Sales Consultation

This is the first and most important step in the process. We will discus your goals, objectives and timeline for sale and of course, answer any questions you may have. We will asses your current situation and provide you with our opinion on what the market will potentially bear for your dental practice.

Step 2: Practice valuation

If we decide to move forward with a valuation review, your transition advisor will request financial's, practice reports and a practice profile to be provided. Upon review and analysis, your advisor will present his opinion of value for the practice and discuss the optimal pricing and marketing strategy.

Step 3: listing period

Our goal is to maximize the pool of buyers who have a chance to review your listing. The more competition we can generate for your practice, the higher the potential for sale and maximum income. We accomplish this through our extensive Marketing Verticals including Paid Search, SEO, Email, Social Media, Industry Web sites & Forums, Direct Mail to Home and our always growing database of 30,000+ Dentist Nationwide.

Step 4: Review offers

One of the most overlooked part of the Dental Practice Sales process is the sales negotiation. Every contact between buyer, seller and broker, from initial discussion to closing, is an opportunity to lay the groundwork for future negotiations. One single event does not typically lead to the successful sale of your dental practice. It is a combination of the presentation, offering memo, timely communications and direct industry knowledge that lead to a win-win negotiation.

Step 5 : Due diligence

We've accepted an offer, but our work is not done. The difference between a closed transaction and a failed one, can many times comes down to the attention to details. We will work with the buyer on reviewing the books, practice reports, securing financing (if needed) and sales contract negotiations.

Step 6 : closing and transition

There are a number of aspects that lead to a successful closing - deal structure, non-competes, escrow, representations and warranties and transitions agreements. We stay on top of every step in the process from the marketing, letter of intent, due-diligence to the purchase & sale agreement and ultimately closing.

The sale is finally closed, but our job is not yet complete. Perhaps one of the most important, but often overlooked parts of the sales process is the Post Close Transition Period. There are many factors to consider, including credentialing, procedures and systems training, employee management, insurance transfer, etc. Our Transition Advisors make sure both parties are comfortable with the plan and are always available to help execute it.

Our dedicated Dental Transition Advisors are always on-hand and ready to assist. Our goal is for you to achieve your sale faster and more efficiently, all while having someone by your side who you know you can trust.

To get started, complete our Dental Practice Transition Form Here and one of our experienced practice transition advisors will contact you within 24 hours.

Sell Your Dental Practice With 1st Med

25+ Years Of
Industry Experience
170+ Satisfied Clients $130M+ IN Closed
Practice Transactions

Why Sell With 1st Med?


  Direct Industry Knowledge
  Save With 5% Commission
  Free Practice Valuations
  Flexible Listing Agreements
  DSO & Independent Buyers List

Recent Dental Closings

Mar

15

2019

Raleigh, NC
Dental Practice Sale

Sold For $769,000!...
Feb

04

2019

Peabody, MA
Dental Practice Sale

Sold For $595,000!...
Dec

28

2018

Gainesville, VA
Dental Practice Sale

Sold For $2,470,000!...

What Our Clients Have To Say

The terms 1st Med was able to negotiate with the other party made most of my colleagues' jaw drop in disbelief. Would a value of over 120% of your practice collections and a transition commission that is half of what others charge sound like a good deal? it sure did to us

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
Gainesville, VA

Your Transition Advisor


Michael S. Furlong
Senior Transition Advisor

Call Me: (800) 815-0590 x 201
Email:
mfurlong@1stmedtransitions.com
 

Seller Articles & Resources


]   Why Sell With A Specialist?
 
]   Why Cash Flow Matters?
 
]   10 Tips When Thinking Of Selling!
 
]   Ready To Sell... Read This First!