Options for Dental Practice Owners
Value a Practice
So called “practice valuations” performed by traditional practice brokers may be way off the mark. The only practice broker who is a Certified Exit Planning Advisor, Certified Business Intermediary and a licensed real estate broker in Ohio is J. Robert Brooks, CEPA, CBI of Practice Endeavors and Practice Endeavors Realty. Our Most Probable Selling Price (MPSP) evaluations take into account 123 subjective factors that traditional brokers do not use. Our Most Probable Selling Price (MPSP) reports are respected by buyers and used by lenders, attorneys and CPAs.
Sell a Practice
Avoid the pitfalls of dealing directly with buyers like breach of confidentiality leading to unintended departure of staff and patients, unknowingly opening yourself up to post-sale litigation, leaving money on the table and not finding the best fit buyer that will preserve your legacy.
Buy another Practice
Scale your business. Contact our office if you are in the market to add additional practices. Share with us the criteria that you are looking for and when opportunities in which you have an interest hit the market, we will let you know.
Thinking of selling in a few years? Why not plan ahead for one of the most important events in your life?
PVA℠ helps practice owners that are not ready to sell in the near future to maximize their practice value while increasing profitability.
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Commonly Asked Questions
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If you own and plan to sell your office when you sell your practice, you can invest the proceeds from your real estate sale into commercial property through a 1031 exchange and avoid taxes.
Although more challenging than deferring gain from real estate sales, there are also options for diminishing gains from the sale of your business which we would be happy to outline for you.
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You find a buyer the same way your patients receive dental care, they rely on you, a licensed professional who is skilled at what they do. So how do you find the right buyer, you choose a licensed and credentialed broker who is skilled at what they do.
A qualified broker can provide the insulation needed when a deal is being negotiated. Deals that fall apart are often a result of “For Sale By Owner” (FSBO) attempts.
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You can get out of the agreement at any time. A termination fee may be incurred.
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Our fees range from 4% – 10% depending on the size of the deal.
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If you have questions about purchasing a practice, contact us and we will be happy to answer your questions at no cost or obligation, even if you are just seeking some friendly advice.
Helpful insights for Practice Owners
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Celebrate having reached the pinnacle of your career by transitioning out of practice ownership with confidence.
Honor your staff and your patients by passing on your legacy through thoughtful planning.