Our goal at RMN Consultants is to make selling your dental
practice a rewarding experience in several different ways. For some
dentists, selling is a way to fund retirement. Others sell their
practices, but maintain control until a specified date in the future.
Many dentists sell all or part of their practices and then stay on in
some capacity for a period of time.
Pre-Retirement Sale
In our experience at RMN Consultants, one of the most popular ways to sell a
practice, particularly for practitioners not ready to stop working, is a
Pre-Retirement Sale. In this model, you sell your practice to a qualified
buyer while your practice is at its greatest value. You relinquish
responsibility for day-to-day management, while still working in the
practice as an associate. This allows you to reduce your time commitment,
often without diminishing your income. You can also use this time to
introduce your patients to the new owner of your practice.
Appraising Your Practice
Before you can sell your practice, you need to know its value. One of the
services we provide at RMN Consultants is a
Free Dental Practice Appraisal. Our Practice Appraisal gives you
an objective, fair market value, based on over 25 different factors,
including:
• Location
• Specialties
• Fees and income |
• Reputation
• Equipment value
• Staff stability |
• Potential for growth
• Patient mix
• Expenses |
As part of your RMN Consultants Practice Appraisal, we
perform a financial analysis. We evaluate your potential for growth in
all areas and factor in shifts in dental practice and technology. This
knowledge informs your thinking about timing and negotiations, and helps
you realize the maximum value of your practice. With an accurate
appraisal in hand, you’re ready to sell your dental practice.
Finding Your Buyer
Different dentists are right for different practices. Using our extensive
connections in the dental community, RMN Consultants identifies and screens
potential purchasers for your practice. All prospective buyers agree in
writing to complete confidentiality and are personally interviewed by RMN
Consultants. Based on our knowledge of you, your practice, the pool of
potential buyers, and our years of experience, we arrange visits, meetings
and negotiations with the right dentist for your practice.
Buyer Financing
This is a time when you should be focused on getting the greatest value for
the practice you’ve built and moving forward with your future. Finding
financing to complete the sale is the buyer’s responsibility, and RMN
Consultants can help a potential buyer obtain all necessary funds. Through
our connections with financial institutions, we can assist buyers in
arranging 100%+ financing for the purchase of your practice, selling your
accounts receivables, and working capital, if necessary.
Negotiating the Best Deal
In the best negotiations, both buyer and seller walk away happy. RMN
Consultants is dedicated to forging the deal that benefits you most while
giving the buyer of your practice what he or she is seeking. We are
available to answer questions, communicate offers and counters, and help you
reach a favorable closing agreement. We provide contracts and agreements for
review by both parties. And we work hand-in-hand with all attorneys and
accountants from first meeting to final signature.
Contact us
today to get started. |