Maximize Value When Selling Your Dental Practice

At 1st Med Transitions, we understand that Selling A Dental Practice withought the right guidance can be a difficult and time consuming task. You may be asking yourself... is now the time to sell my dental practice?

We recommend comparing 1st Med Transitions vs. Traditional Dental Brokers. When you sell with 1st Med Transitions, you are working with a Modern Dental Broker that combines industry expertise with entrepreneurial innovation.

Whether you are ready to sell your dental practice now or just beginning to entertain the thought, our Transition Advisors are happy to discuss your options. We will listen to your sales goals and implement a plan to optimize your dental practice for potential buyers and stand beside you for every step.

Our Dental Practice Sales Process:

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

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.

STEP #7 Transition

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.

If you are considering selling your dental practice, or just want to get a sense of what your practice would get on the market, we would love to discuss further.

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