For over 20 years, 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.
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.
Face-To-Face Consultations. 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.
Commission-Free Real Estate Sales. 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.
Retention Strategies. 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.
Professional Background and Experience. 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.
Practice Appraisal. 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.
No-Cost Legal Draft Documents. We provide our clients with drafted legal documentation related to the sale of their practice to minimize legal costs.