Since 1996, our team of experts have provided successful transition consulting and brokerage services exclusively to dentists. Choice Transitions remains committed to our philosophy of providing clients with innovative choices, unparalleled service, integrity and results.
Whether you are contemplating selling your practice, now or in the future, or bringing in an associate or partner, Choice Transitions offers an array of services including:
Our team of experts will match you with one or more of the following choices based upon your transition goals, your specific practice specifications, and the current market trends within your geographical location:
Provides dentists with comparative DSO choices that offer the highest purchase price, the best fit based on needs, and the most desirable post-closing employment terms - commission free. DSO Choice saves time and money by handling all of the preliminary leg work, while allowing dentists to focus on what matters - dentistry.
Another Choice Transitions innovation – a Hybrid product that offers our sellers the opportunity to explore all possible options by marketing the dental practice to both Traditional and DSO buyer networks. This hybrid option creates maximum exposure for our clients, with the potential to have all or a portion of the commission paid by the DSO.
Choice Transitions experts provide an unparalleled level of service with practice appraisals, negotiations and sales to secure the highest purchase prices, maximize patient and staff retention, minimize tax liabilities, and implement a successful transition plan.
Your practice is one of your most important assets. Making the decision as to how and when to transition it requires your understanding of current market conditions and transition options available to you. We will meet with you face-to-face at your practice to answer all your questions and to tailor-fit a transition plan that’s right for you. Furthermore, we’ll accompany pre-qualified candidates to the practice, after hours, to meet with you and tour the facilities.
If you own and wish to sell the real estate in which your practice is located simultaneously with the sale of your practice, we negotiate the sale price on your behalf commission-free. That’s a substantial savings to our clients compared to other brokers that charge up to 10% commissions on the entire sale - including the real estate.
Maintaining your patient base and staff is crucial to a practice sale. The two combined make up the majority of the goodwill of the practice which is primarily what the value of your practice is derived from. We will advise you as to how and when to notify your staff and patients in order to maximize retention. We will prepare and provide you with draft letters to your patients as well as provide tips on conducting your staff meeting introducing the buyer.
Our team of territory representatives consists of trained and experienced individuals with degrees in law, accounting, taxation, real estate, or financing which better serves our clients in negotiations as well as tax structuring. We consult with your accountant and negotiate the allocation of the sale price in order to minimize your tax liabilities from the sale.
We will provide you with a formal written appraisal of your practice utilizing valuation methods recognized by The Institute of Business Appraisers (IBA) for the purpose of determining fair market value. We have prepared thousands of practice appraisals, and as a result, our appraised value is accepted by all of the major lending institutions.
Even though our founders and principals are licensed, practicing attorneys, it is a conflict of interest to be your broker and lawyer at the same time. As a courtesy, we provide our clients with draft versions of legal documentation related to the sale of their practice to present to their attorney in order to minimize time and legal costs.