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Selling Your Practice

You've invested a tremendous amount of time, energy and money in building your practice. When it comes time to sell, you deserve a brokerage that will get you the right purchaser, the right purchase terms and the maximum return on your investment.

It all begins with you:

We understand that every practice owner is unique. It is seldom only a case of getting the most money you can. Usually there are a number of other interests or concerns. Do you want to stay on in the practice full or part time? Do you want a short or long transition? What about staff? Does it matter what type of person and dentist the purchaser is? We will take the time to really understand your interests and concerns. Then we will tailor a sales strategy to meet your needs.

More Potential Purchasers = A Better Result:

It only stands to reason that if more purchasers are aware of your practice, you are more likely to achieve or exceed your sale objectives - whatever they may be. That is why we launched findyourpractice.ca, a service that allows dentists looking for a practice to register and receive automatic updates of practice listings that meet their criteria. It's kind of like a multiple listing service for dental practices. For purchasers this means not having to worry about missing out because they were too busy to check web site listings or journal ads. For sellers it means that we can get your practice in front of a large number of interested purchasers immediately after you list with us.

Teamwork:

When Tier Three lists a practice our entire team, not just the person who gets the listing, will work equally hard to sell your practice. With more people working to sell your practice, more potential purchasers can be exposed to your practic

More Offers = Better Results:

We work for you, not the purchaser. And we can do a better job of maximising what you get by securing as many offers as possible to choose from. Some brokers will focus on one potential purchaser, so long as they are prepared to pay the asking price. But how do you know if you could have got more from another possible purchaser? Whether it is more money, better conditions, or a buyer you feel better about, we believe in managing the process to give you as much choice as possible.

We'll work with you, and your professional advisors, every step of the way

The actual process of selling a dental practice is incredibly detailed and complicated, with extensive interactions between lawyers, accountants, bankers and other professionals. It can be a huge distraction and frustration for the owner who is still trying to run a practice and deliver quality patient care until the deal closes. While you'll stay in charge of the overall process, we will work directly with your, and the purchasers, professionals to minimise your involvement in the details as much as you want.

A Word on Confidentiality:

At Tier Three we understand that confidentiality is critically important in the sale of a professional practice. It goes beyond protecting highly personal information. The actual value of your practice can be significantly affected if staff, patients or other dentists become aware of your efforts to sell your practice at the wrong time or in the wrong way.

There is a lot to consider before deciding what broker you are going to use. To learn more about how we would approach the sale of your practice, give us a call.