SELL YOUR DENTAL PRACTICE ON YOUR TERMS
There are a variety of ways to sell your dental practice, whether you want to start off hiring an associate, form a partnership, fully retire or some variation that’s right for you. Regardless of the path you choose for your transition, we develop and implement a game plan that creates a win-win situation for both you and your buyer.
SELLER CONSULTING OPTIONS TAILORED TO YOUR GOALS
NDP offers the level of detailed consulting you need when transitioning your practice. The ultimate objective is to sell your dental practice to the right person and at the right time and for the right price.
To address your specific needs, our seller consulting service consists of three options, with the first two phases of engagement designed to work in tandem with each other.
PHASE 1
This engagement sets a foundational base by analyzing the practice opportunity and packaging the insights into a deliverable that can be shared with potential buyers. We gather and assess the financial documents to understand the cash flow and financial performance, allowing us to determine a market price for your practice. We then compile the financial exhibits and non-financial information highlighting the practice to create a comprehensive deliverable highlighting the opportunity.
PHASE 2
Once you have identified an interested buyer who is ready to move forward, the engagement shifts into Phase 2. We assist in establishing and/or negotiating the initial terms, working with an attorney to draft the formal legal agreements needed to effectuate your transition, facilitating communication with the buyer’s lenders and guiding you through the operational pieces to transition your practice with confidence and success.
FULL SELLER CONSULTING
For individuals who want full comprehensive guidance from the start to finish, this engagement combines Phase 1 and Phase 2. Our team represents you in the transition process through close, ensuring your goals are met, and it’s a fair and reasonable deal for both you and the buyer. We aim to help maximize your life’s work and transition to the next phase in your personal and professional journey.
COMPLIMENTARY RESOURCE:
SELLER TRANSITION GUIDE
As a significant milestone, selling your dental practice can be an emotional and complex process that isn’t meant to be navigated alone. The Seller Transition Guide can get you started in building a detailed plan.
ARE YOU READY FOR A TRANSITION?
Managing Partner Christy Ratcliff breaks down the three critical factors that help indicate you’re ready to transition or sell your dental practice.
A TEAM IN YOUR CORNER
At NDP, we believe that your goals can be achieved with the right team and the right transition plan. By personally understanding your story and vision, we can provide comprehensive guidance and help put the pieces together.
