The practice valuation option provides you with detailed documentation concerning the current market value of the practice. Our valuation provides you a more formal presentation to a potential buyer or your advisors concerning what the current market value is for your practice. Our team reviews a broad range of practice information and compiles a comprehensive appraisal package regarding the value of your practice.
Included is a complete narrative that discusses factors about your practice that impacts the value as well as a complete cash flow analysis and inventory of equipment and technology. The results from this analysis will also be the cornerstone for an exit strategy customized to your goals.
If you have an Associate or ready buyer ready to start the purchase process, we will be the objective third party to guide you through the maze of issues. Over the years we have picked up the pieces to many “transitions gone bad” which have led to associate abandonment, lost sale or partnership breakups. Many of these breakups have led to personal agony, financial stress, soured relationships (the equivalent of divorce), and staff turnover.
Peak Practice Transitions, LLC has guided many partners through the process of buy-ins, buy-outs, and BREAK ups. We understand that every practice transition is unique and must be customized for the specific needs of both parties. We will guide you through the process and provide advice and reason along the way to make the process as stress-free as possible.
Our process defines goals and develops written agreements that frame the future relationship.
Assisted Sales Support
Sell it yourself, Peak’s Facilitated program allows you (the owner) to create your own exit strategy and take advantage of your built-in knowledge of the practice to facilitate the sale with the support and experience of the team at Peak.
You are provided complimentary discussions with our transition consultants to outline and support your Exit strategy or transition. We then prepare a Practice Prospectus (an organized compilation of critical practice information) which includes a market valuation and cash-flow analysis. This provides detailed information about the “True Economic Benefit” of the practice.
Peak then starts marketing your practice using a variety of tools. Our marketing campaign is not only local but includes nationwide exposure for your opportunity. Potential buyers will contact you directly about your practice.
In addition to marketing your practice, a detailed buyer profile is provided to assist in the selection process as well as a series of checklists that guide you through each milestone of the process.
Our transition team will work with you to maximize your confidentiality and the value you receive from your sale. Our services also reduce the headaches and stress associated with the sales process. Ultimately, we work for win-win solutions that meet the needs of you and the buyer.
Our process includes but is not limited to:
- Valuation of Practice
- Marketing Plan
- Maintaining Full Confidentiality
- Execution and Monitoring of Plan
- Buyer/Seller Matching
- Offer Creation, Advice and Decision
- Finalizing the Sale - Lending Preparation and Assistance
- Legal/Closing - A Peak Attorney Will Draft All Documents
- Post-Closing - Management Support for the New Owner
Our work is not done with closing as we work with the buyers on a smooth transition into the new practice. This includes staff meetings, writing a policy manual, job descriptions, and a minimum of three months of ongoing practice management support, so you don’t have to!
Peak Practice Transitions’ uses a customized process that analyzes more than twenty value components which contribute a significant impact on the value of your practice. These are the factors that sophisticated buyers evaluate when determining whether or not to buy the practice.
After determining the current value of the practice, each value component is analyzed in terms of its impact on the current and future valuation. We then prioritize the importance of each component based on the owner’s personal goals and objectives. This consultative process allows Peak to identify those value enhancement opportunities that will have the greatest impact on the practice value.
The Maximum Value Plan Involves Five Steps
- Clarify and prioritize the practice owner’s goals and objectives.
- Determine the current value of the practice.
- Analyze all value component and drivers for the current market.
- Develop a plan to continue strengths and address weaknesses in the timeframe of the owner.
- Establish and monitor metrics on a timeframe customized to the practice owner’s needs.
Peak’s team of consultants has a broad level of experience in the sales and valuations of healthcare practices. We will develop a plan for the owner to maximize the value of their practice for when the time is right to sell.
Contact us today for dental office seller support that matches you with the right buyers. We proudly serve clients in Wixom, Michigan, and those living throughout the greater Midwest.