In your corner every step of the journey
Dental transitions are pivotal moments for both your personal and professional life. Through our buyer and seller consulting services, we want to ensure you feel confident in your practice, partnership, buying doctor or next opportunity. With the proper guidance and a knowledgeable team on your side, you will be equipped for the road ahead.
BUYER CONSULTING
Regardless of if you’re a first-time buyer or growing your dental empire, all dental practice purchases are significant financial decisions. We can support you in all aspects of the transition, from providing a review of your opportunity, leading the letter of intent process to guiding you through the intricacies of the closing process.
SELLER CONSULTING
Handing off the legacy you built to another doctor or inviting another owner into your dental practice can be an emotional process. Whether you’re looking to shift into retirement or onto the next opportunity, we can assist in finding a partner or buyer or transitioning your current associate into a partner. We develop and implement a plan that supports your goals.
PREPARE FOR YOUR TRANSITION WITH THESE FIRST STEPS
1. Know Your “Why”
What are your end goals? Is it to grow an impactful practice, have a better work-life balance, retire and leave your practice in good hands? When you understand why you want to transition and what you want to accomplish, it’s easier to plot a path to get there.
2. Determine You’re Ready
Dental transitions are significant milestones, with opportunities revealing themselves in the moment as opposed to being planned years in advance. Before you jump in, assess if you’re financially and emotionally ready, have a vision for what life looks like after the transition and fully commit to the process.
3. Understand Your Transition Options
You have several options when it comes to transitioning in and out of ownership, whether that involves an outright sale, partnership, staggered sale, etc. It’s a matter of determining which path aligns best with your goals.
4. Build Your Transition Team
A dental transition doesn’t need to be a journey you navigate alone. From transition advisors, attorneys to financial planners, choose the right people to be on your transition team and help you through the process.
LOOKING FOR MORE?
Tune in to our Transition Talk podcast and check out these buyer/seller-specific episodes.
