Buyer Services
For dentists seeking to purchase a practice and wishing to have consultative support, The Transitions Group, LLC offers guidance and resources in evaluating and purchasing a practice.
If you are looking at a practice listed by The Transitions Group, LLC, these measures will not all be necessary as practices that we represent have a thorough sales prospectus already prepared at no cost to you.
For practices that are for sale by owner or through another practice broker, The Transitions Group, LLC can assist you in the following steps.
-
Free personal or phone consultation regarding the practice. This is not a definitive analysis and no firm conclusions will be made, but rather to discuss an overview of the pros and cons of the practice.
-
A cash flow analysis / valuation / appraisal is the next step in evaluating the practice. This can be accomplished with or without visiting the practice, depending on how important cost is to you. This process provides invaluable insights into the practice cash flow that you can expect. This process, besides providing an estimate of Fair Market Value, will also disclose the financial strengths and weaknesses of the practice and will serve in further analysis, financing, and contractual elements of a purchase.
-
If you are satisfied with the practice cash flow and dynamics as revealed in the cash flow analysis, the next step is the negotiation for purchase. In this phase, The Transitions Group, LLC helps you make a realistic offer for the purchase of the practice and reach agreements on key deal points before incurring expense for attorneys, contracts, insurance, or financing.
-
Once an offer has been extended and accepted with key deal points defined and agreed upon, The Transitions Group, LLC will help in creating or evaluating purchase agreements. Our referrals to expert and experienced transition attorneys will create accurate and fair purchase agreements for the closing.
-
While agreements are being drafted, The Transitions Group, LLC will also be helping apply for the financing for the purchase. The Transitions Group, LLC will prepare loan applications and suggest the most appropriate lenders for the individual practice. The Transitions Group, LLC will work with lenders to obtain approvals for financing and obtain the most favorable rates and terms.
-
The Transitions Group, LLC will consult with the counsel for the purchaser and seller to assist in the preparation of final documents.
-
The Transitions Group, LLC will assist at the closing and act as escrow agent for the lender to disburse funds at the closing.
-
The Transitions Group, LLC will monitor the purchaser's practice statistics for twelve months following the purchase to ensure that the practice performs according to the projections.
Should the purchaser complete the full purchaser service package, the cost of the The Transitions Group, LLC Buyer Services is $9,500. Should you decide that during any step in the process not to pursue the acquisition of the practice, the fee will be pro-rated so that you do not pay for services that you do not use.
While inspecting practices listed by The Transitions Group, LLC is the easiest and most cost effective way of learning the most about practice opportunities, The Transitions Group, LLC can now assist you in becoming as well-informed as possible in examining practice opportunities from outside sources.
Add me to your address bookTestimonial from a Satistfied Dentist
"I can't thank you enough for sending Alan our way. Two wonderful results have shown up: all of the staff are still at the office and I have yet to meet a patient on the street who doesn't thank me for having Dr. Allgood take over the practice. It's such a great feeling to know that those important to me, staff and patients, are being cared for in the manner in which they were accustomed. Win, win, win; for all of us.
When I talk to classmates who are contemplating retirement or selling their practice I never hear about how smoothly the transition is going. Thank you again for making ours go so seamlessly.
Terry Pampel, Foley, AL
Congratulations to the following doctors on the sale of your practice. Thank you for trusting our team with your sale.
Dr. Greg Sand
Dr. John Bellerjeau
Dr. Scott McRae
Dr. Shaun Kern
Dr. Jeff Stanfield
Dr. Joan Friedlander
Dr. Carl Klein
Dr. Mike Mahan
Dr. Betty Lee
Dr. Charles Baldone
Dr. Terry Pampel
Dr. Glenn Stanford
Dr. Robert Sims
Dr. Fredrick Miller
Dr. Winton Cowles
Dr. William Holley
Dr. Steven Lynch
Dr. Bill Finley
Dr. Gerald Burger"
Buyer Services
For dentists seeking to purchase a practice and wishing to have consultative support, The Transitions Group, LLC offers guidance and resources in evaluating and purchasing a practice.
If you are looking at a practice listed by The Transitions Group, LLC, these measures will not all be necessary as practices that we represent have a thorough sales prospectus already prepared at no cost to you.
For practices that are for sale by owner or through another practice broker, The Transitions Group, LLC can assist you in the following steps.
-
Free personal or phone consultation regarding the practice. This is not a definitive analysis and no firm conclusions will be made, but rather to discuss an overview of the pros and cons of the practice.
-
A cash flow analysis / valuation / appraisal is the next step in evaluating the practice. This can be accomplished with or without visiting the practice, depending on how important cost is to you. This process provides invaluable insights into the practice cash flow that you can expect. This process, besides providing an estimate of Fair Market Value, will also disclose the financial strengths and weaknesses of the practice and will serve in further analysis, financing, and contractual elements of a purchase.
-
If you are satisfied with the practice cash flow and dynamics as revealed in the cash flow analysis, the next step is the negotiation for purchase. In this phase, The Transitions Group, LLC helps you make a realistic offer for the purchase of the practice and reach agreements on key deal points before incurring expense for attorneys, contracts, insurance, or financing.
-
Once an offer has been extended and accepted with key deal points defined and agreed upon, The Transitions Group, LLC will help in creating or evaluating purchase agreements. Our referrals to expert and experienced transition attorneys will create accurate and fair purchase agreements for the closing.
-
While agreements are being drafted, The Transitions Group, LLC will also be helping apply for the financing for the purchase. The Transitions Group, LLC will prepare loan applications and suggest the most appropriate lenders for the individual practice. The Transitions Group, LLC will work with lenders to obtain approvals for financing and obtain the most favorable rates and terms.
-
The Transitions Group, LLC will consult with the counsel for the purchaser and seller to assist in the preparation of final documents.
-
The Transitions Group, LLC will assist at the closing and act as escrow agent for the lender to disburse funds at the closing.
-
The Transitions Group, LLC will monitor the purchaser's practice statistics for twelve months following the purchase to ensure that the practice performs according to the projections.
Should the purchaser complete the full purchaser service package, the cost of the The Transitions Group, LLC Buyer Services is $9,500. Should you decide that during any step in the process not to pursue the acquisition of the practice, the fee will be pro-rated so that you do not pay for services that you do not use.
While inspecting practices listed by The Transitions Group, LLC is the easiest and most cost effective way of learning the most about practice opportunities, The Transitions Group, LLC can now assist you in becoming as well-informed as possible in examining practice opportunities from outside sources.
The Transitions Group, LLC
Testimonial from a Satistfied Dentist
"I can't thank you enough for sending Alan our way. Two wonderful results have shown up: all of the staff are still at the office and I have yet to meet a patient on the street who doesn't thank me for having Dr. Allgood take over the practice. It's such a great feeling to know that those important to me, staff and patients, are being cared for in the manner in which they were accustomed. Win, win, win; for all of us.
When I talk to classmates who are contemplating retirement or selling their practice I never hear about how smoothly the transition is going. Thank you again for making ours go so seamlessly.
Terry Pampel, Foley, AL
Congratulations to the following doctors on the sale of your practice. Thank you for trusting our team with your sale.
Dr. Greg Sand
Dr. John Bellerjeau
Dr. Scott McRae
Dr. Shaun Kern
Dr. Jeff Stanfield
Dr. Joan Friedlander
Dr. Carl Klein
Dr. Mike Mahan
Dr. Betty Lee
Dr. Charles Baldone
Dr. Terry Pampel
Dr. Glenn Stanford
Dr. Robert Sims
Dr. Fredrick Miller
Dr. Winton Cowles
Dr. William Holley
Dr. Steven Lynch
Dr. Bill Finley
Dr. Gerald Burger"