Pleased with his experience of working with Dental Elite for the recent sale of his dental practice, Mr Gerrit Snyman shares his thoughts on the process.
Which consultant in Dental Elite did you work with?
I worked with Luke Moore, who was in regular contact with me and kept me up-to-date with proceedings at all times.
What was your biggest fear prior to marketing the practice for sale?
I was most concerned about finding a suitable buyer and an agent I could trust. I overcame both of these with Dental Elite.
What made you choose the offer you accepted?
The discussion I had with Luke about the offers I received ultimately led to my decision to accept, which I did within a few days of receiving it.
Have you stayed on in the practice and was this your choice?
Yes I have remained at the practice as I wished to – the sale has enabled me to re-focus on my patients and the dentistry I provide, without the distractions of running the business.
How did you find the due diligence process?
This was challenging due to some planning issues that we faced.
When did you tell the staff?
I told the staff nearly straight away, as I do not like lying to them and so this meant that everyone was prepared. Everyone was kept in the loop throughout the transaction and given the chance to ask questions at any time.
On reflection, what was the most challenging time in your sale?
The most challenging time was discussing indemnities regarding fire safety issues – Luke was extremely helpful in this matter.
How did you find the agent buffer between solicitors, buyer and seller?
The agent buffer was exceptional. I would therefore recommend Dental Elite to any other dentists looking to sell their practices.