Buying or selling a practice is one of the most significant financial events in a dentist’s career – with only one chance to get it right.
Check out our newest listings
- NEW LISTING – SOUTH CENTRAL KANSAS: This turnkey office, freshly built out in 2020, still has that “new car” smell. This motivated seller plans to relocate and it anxious to make a move. Collecting $750k. KS229 Summary
- NEW SPECIALTY PRACTICE LISTING – Kansas City Metro: This client has several specialty offices located in the southeast section of the Kansas City Metro and this listing includes three of those practices. Seller will also entertain conversations regarding the other two offices and the real estate associated with four of the five practices. Confidentiality is very important to specialty practices due to the nature of their referral base. KC370 Summary
- NEW LISTING – Columbia, MO: This high tech practice is located in one of the most desirable cities in Missouri. Full digital records, radiography including 3D, CEREC scanning and milling and CO2 laser are in place. There are six operatories with space available for a seventh. MO370 Summary
- NEW LISTING – Midwestern Specialty Practice: This practice is owned and operated by one of the true experts in TMD, Dental Sleep Medicine and Craniofacial Pain diagnosis and treatment. The practice specializes in these disorders and does very little traditional dentistry. This is a referral practice with 90% of patients being referred dental professionals. The seller will stay after the closing to train the new owner and ensure continuity of care for its very special patient base. The practice is located in an upscale, family friendly Midwestern college town that has plenty of educational, social and cultural opportunities. MW420 Summary
- NEW LISTING – Wichita, KS: Outstanding mid-town practice with six operatories, consistent collections around $975K and exceptional profitability. Seller desires the sale of both the practice and the real estate. KS212 Summary
New Blog Post: Here are the answers to a few questions you might want to ask your local ADAPT Representative.
One thing is certain, Dentists will shop around for services, especially if there is a fee to be paid. For instance, we have recently fielded calls and questions about the ADA’s ADAPT program and what they have to offer. Rather than quiz us about it, may I offer a few questions you might want to ask when you give them a call, especially if you are a prospective seller? I’m sure their answers will be really insightful.
Well, we decided to save you some time and answer the questions for you.
- What is the name of the local representative that will be meeting with you and handling your transaction? There are no local representatives.
- What experience or credentials does that person have? See above answer.
- What methods of valuation will they be using? The ADAPT model does not do valuations.
- What lenders can they recommend in your territory? None
- What legal assistance will they be offering? The ADAPT model does not provide or make recommendations for legal services.
- How many transactions have they consummated in your area? None known. Call me if you have.
- How many transactions have they consummated nationwide? Rumor has it that they have accomplished eight (8) matches. The number of actual sales is unknown.
- What is the true, total cost of a transaction when using their services? Unknown as it depends on the cost of outside services.
- Will they help with securing a lease for the new owner? No
- Who will manage the closing? Likely you will.
Perhaps as a way of comparison, you might want to review the “Services for the Seller” and “Buyer Services” links from our website. Maybe it will spark some additional questions for your ADAPT agent.
One final question might be: as an ADA member, are you satisfied with the results of spending a reported $8 million to fund the ADAPT program? Personally, I might be inclined to call my local Trustee.
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