Purchase A Dental Practice
Reap The Benefits Of Purchasing An Established Dental Practice
So, you want to buy a dental practice? Purchasing an established practice has its advantages over building a new practice. The most apparent benefit is an established patient base. Positive cash flow from an existing practice can save you the financial risk involved in establishing a new practice. Other advantages of buying include existing business infrastructure, loyal staff, established location and proven systems. When you buy a proven practice, you’ll have saved the time and additional resources necessary to grow a new practice from ground zero.
As an experienced dental brokerage firm, with 85 years of combined experience, we understand the importance of owning a practice. There is no guesswork when you work with us. We put you in an optimal position to purchase your ideal practice by guiding you through every step.
Reasons For Buying An Existing Dental Practice
Here are the most common reasons dentists buy an existing practice.
It's Their First Practice
They graduated from dental school, have been practicing as an associate and are ready for practice ownership.
Some dentists buy a practice because they want to move or relocate to another community. Some want to change locations for personal reasons like wanting to be near family.
Business Opportunity / Upgrading
Some dentists purchase a practice within their community to increase their patient base and boost practice productivity. Buying may also offer a better location with more traffic, improved parking, upgraded equipment, better building, and quality staff.
Why Choose A Dental Broker?
A dental broker is a professional that guides you through every step in the transition process of buying a dental practice. A broker has experience taking you through every step of the process. This includes valuing the dental practice, negotiations and contracts, and the transition period that takes place from one owner to another. In short, we are your guide through the purchase of your dental practice from start to finish.
The Practice Management Associates Process
The journey begins with a consultation. We will build your profile, putting you in the optimal position to purchase a practice. While you identify possible practices, we will qualify you for lending and begin the due diligence process with details on opportunities we have as well as evaluate other practice opportunities that you are considering. For an initial consultation, please fill out and e-mail the following documents:Request Consultation
Next, we help you to identify practices for sale that meet your criteria. We highlight the different areas that show strengths and the areas that may need improvement.
When you find a practice that meets your financial needs, the next step is to begin your due diligence. This will equip you with the knowledge and clarity you need to make an informed decision.
Letter of Intent
After your due diligence, if you wish to pursue purchasing the practice, and it’s a practice we represent, we work with you to draft and submit a letter of intent.
Closing and Transition
If you identify a practice you wish to purchase, and it is a seller we represent, we will help you every step of the way. If it is a practice outside of Practice Management Associates and you have signed up for our buyer representation, we will continue to represent you from the start through closing and transition.
Why Buy A Practice Through Practice Management Associates?
Practice Management Associates is a full-service dental practice brokerage firm. Since 1998, we have worked with general and specialty dentists guiding them through seamless transitions. Value-driven and results-oriented, we serve our dentists clients at a level that far exceeds other brokers in our industry. We’ll help you find your ideal practice. We guide you through every step putting you in the optimal position to purchase a practice. We are relationship-based and care about the long-term success of your business. Contact us today at (888) 762-4048 for a complimentary consultation.