The Most Overlooked Factor in Practice Transitions
Planning ahead is more than smart, it’s essential.
If you're a dental practice owner approaching the latter stages of your career, you already know how demanding the business side of dentistry can be. But too many dentists put off preparing for their eventual transition out of ownership, often waiting until they’re burned out, facing a health issue, or experience diminished profitability. That delay can be costly, both emotionally and financially.
The truth is, every practice owner will eventually transition out of ownership. The question is, how prepared will you be when the time comes?
At Practice Endeavors, we specialize in helping dentists like you plan for a successful transition. Our flagship service, Practice Value Acceleration℠ (PVA℠), was designed specifically to help owners optimize their practice value, improve profitability, and transition on their own terms.
What Can Waiting Cost You? Let’s look at what’s at stake.
Unexpected Exit
If something happens and you must leave the practice suddenly, your business could lose one-third of its value each month you're not active. Without a written emergency plan, it often takes three months or more to finalize a sale, and that delay can be devastating.
Financial Loss
We’re talking about the potential loss of hundreds of thousands of dollars in missed monthly profits prior to a sale and reduced sale value. Selling without a strategy can quickly become the most expensive decision of your career.
Mental Stress and Uncertainty
Many dentists delay selling because they fear the unknown. But with the right plan, you can move forward with peace of mind and confidence in the next chapter of your life.
Our company’s proprietary service, Practice Value Acceleration℠, provides clear, actionable answers to questions every practice owner should ask, like:
What is your practice worth today?
What specific adjustments can boost your practice’s value?
If you own your dental office real estate, what is its value?
When is the right time to sell based on your unique situation and goals?
(Left to Right) Dr. Frank Bertolini and Bob Brooks
As Dr. Frank Bertolini of North Canton, Ohio, shared:
“The PVA℠ report they prepared for my practice was incredibly detailed and eye-opening. One of the most powerful tools was the patient address mapping and demographics study, which revealed an outstanding dentist-to-population ratio right in my backyard, something I hadn’t fully appreciated.”
A Real Dentist, A Real Result
Dr. Bertolini’s story is not unusual. He engaged with Practice Endeavors well before he sold his practice, not because he was ready to retire, but because he wanted to be ready when the time was right. That preparation paid off.
“Bob and his assistant, Ann Dillon, did an outstanding job finding multiple qualified buyers and guiding the process to a successful closing. I’m genuinely satisfied with the outcome, a fair deal with a buyer who’s a great fit for my patients and my legacy.”
Start Planning Today, While You’re Still in Control
Whether you’re a few years out from retirement or still weighing your options, now is the time to start planning. Our PVA℠ service gives you clarity, control, and a concrete roadmap for maximizing the value of what you’ve built over a lifetime.
Take control of your future
PVA℠ helps practice owners prepare for the inevitable transition of their practices to new ownership.
J. Robert “Bob” Brooks, CEPA, CBI
J. Robert “Bob” Brooks, CEPA, CBI, leads Practice Endeavors, an Ohio-based practice brokerage and dental realty company. His company provides practice owners with the tools they need to prepare well for life after practice ownership and to find the best price/best fit buyers for their seller clients. Bob was integral in starting the first of its kind dental practice broker credentialing for the International Business Brokers Association.