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 – 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
- Eastern Kansas City Metro: Beautiful practice with a high quality buildout. $600K in collections with room to grow. Great small town only 25 minutes from the eastern metro suburbs. MO368 Summary
- Southwest Missouri: Big city revenue in a small town location. Exceptional profitability. Please call for details. MO369 Summary
New Blog Post: 10 Questions to Ask Your 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.
- What is the name of the local representative that will be meeting with you and handling your transaction?
- What experience or credentials does that person have?
- What methods of valuation will they be using?
- What lenders can they recommend in your territory?
- What legal assistance will they be offering?
- How many transactions have they consummated in your area?
- How many transactions have they consummated nationwide?
- What is the true, total cost of a transaction when using their services?
- Will they help with securing a lease for the new owner?
- Who will manage the closing?
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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