Seller Faqs

Selling a dental practice with Magnus Practice Transitions ensures a handheld approach, from brainstorming the idea of selling to finally signing the deal and transitioning the practice. Our experts will guide you at every step with useful advice and help you reach an informed decision; we do not impose deals at any stage. We also tailor our plans to suit your business needs.

To list your practice with Magnus Practice Transitions, feel free to reach out to us. We go through thorough consultations and meetings to understand your needs and expectations. Once you are ready, and have the valuation documentation—the dental practice valuation provides a current market assessment of the practice. It involves various factors like gross and net income, accepted insurance types, active and new patients, in-house procedures, demographics, market conditions, and practice goodwill. We will then begin with a listing agreement, which is like a mental switch for the seller, helping them to plan and act on selling their practice. We then begin marketing on the dental practice listing.

Start the process of selling your dental practice with us by reaching out to us through email, phone call, or a website inquiry. Our team then reaches out to you and we set up meetings/consultations to know you better. This follows a thorough review process of your business and your needs. We are soon ready to start.

It is common to feel skeptical about the value of your practice when you decide to sell a dental practice. As a rule of thumb, a few factors that will be considered in dental practice valuations are the location of the practice, brand name, the real estate condition/lease, equipment and devices, staff, patient base, gross income, and more.

One task that’s important for practice before sale of a dental practice is arranging and updating all documents related to the practice. It’s best to quantify your brand image, patient feedback and reputation in the community.

A broker or consultant for a dental practice for sale and dental practice valuations is a great idea. They are experts in the field and know the industry, market, and trends in practice transitions the best. Plus, they help save you time and added effort on practice sales and spend the same on patient procedures. It’s best to assign the experts the future of your business, for they know the industry the best.

When you are unhappy with an offer, experts onboard the Magnus Practice Transitions handhold you to negotiate every step of the terms of the sale. Our negotiators are professionals who know what to keep on the table and how to work around these proposals.

Dental practice for sales pivots on many factors. If we were to name a few it will include the market, suited buyers, the best price, and roadblocks in the paperwork. Our experts strive to hasten the process without compromising the work quality or deals that you deserve. It could take weeks or sometimes months to do this. But its best to plan for the sales process years in advance.

Remember to keep all documents and information ready, updated, and validated related to the location of the practice, brand name, the real estate condition/lease agreements, equipment and devices, staff, patient base, gross income, financial records, tex reports, permits, ministry of health approval records, compliance documents, and more.

While the appraisals are being completed, and marketing is done, you can continue operations as usual. However, after sale, you cannot operate once the handover of your dental practice is complete. However, you can be a part of the team as a partner of an employee while still operating it.

Finding potential buyers for a dental practice for sale is a meticulously planned task. Use your connections better and also partner with a dental practice broker who is an expert in dental practice transitions and negotiations. Allows him to network your practice following the industry’s best practices.

When selling a dental practice you need to ensure that the contracts, lease agreements, appraisals, share purchase agreements, due diligence, and regulatory compliance documents are in place. Legal experts in the team of a practice transition consultancy firm can help you in the process.