Phase 1: Initial Analysis
This is the most important career decision you’ll make as a dentist. We’ll help you get it right.MEET Your Phase 1 Team
Practice Purchase AnalysisTM
Within 5 business days of sending us documents, you’ll get a ~30 page report to help you answer three big questions: Is this a good practice to buy? If yes, what is a fair price to pay? If I pay that much, how much money will I make?
Letter Of Intent
This is your offer to the seller. We’ll help you write, submit and (if necessary) negotiate the Letter of Intent.
Phase 2: Due Diligence
The second phase involves securing bank financing, completing due diligence, and finalizing legal documents.
It’s time to secure financing from a bank. You’ll want a dedicated dental lender, and the lending landscape is constantly shifting. We’ll help you navigate the process to the bank with the best deals and terms in your area.
- Apply to two dental lenders (we can help with the right contacts)
- Complete the underwriting process and get loan offers
- Make a decision on which bank to use
- Introduce you to the right banks
- Help you assess, negotiate and select the best loan option
- Most of our clients save multiple times our fee on the bank negotiations alone!
We’ll dive deep into the target practice and ensure we thoroughly understand what you are purchasing. Good due diligence includes a thorough review of both reports and in-person due diligence. See helpful tools and resources for this step here.What due diligence includes
You’ll have your own attorney who will help with all things legal. We’ll help you find the right one. The most important things that will happen in this step are the protections that will be put in place (that you hopefully never use).
Phase 3: Ownership Checklist
Use our 108-point checklist to get ready to own your business. Some steps are crucial to start as soon as is practical. Others can wait a bit. We’ll work together to make your first days as owner focused more on patients and staff instead of stressing about ownership details.
- Review and begin on the items in the 108-point Comprehensive Practice Purchase Checklist™
- Start on insurance credentialing ASAP
- Start on applying for life and disability policies ASAP
- Work closely with the seller on your transition plan
- Advise you through the Comprehensive Practice Purchase Checklist™
- Introduce you to the best dental CPAs, bookkeepers and payroll companies
- Assist you through the bank closing conditions
Most dentists engage us when they have a practice in mind to analyze. But you can reach out to us before that process, or anytime you need a second set of eyes to validate the numbers and your decision.
No. We’ll look at as many practices as needed to find the right practice for you and the fee never changes.
Nope. Between us and an attorney, you should be good to go. We act as the accountant throughout the transition and will help you transition to a full-time CPA to help with your taxes and bookkeeping once you become an owner.
We have researched hundreds of practices in all 50 states and fortunately have been able to help clients all over the U.S. without needing to be physically present.
My engagement is a flat-fee, regardless of the time it takes to close on your practice. The total fee is $10,000.
$5,000 (half) is due up front as a retainer. The remaining $5,000 is billed to your business after you own your practice.
There are no penalties to looking at one practice and deciding not to buy. The rate stays the same regardless of how long you take to search for the perfect practice.