Sell your Dental Practice
with Dental Elite
Why choose Dental Elite Dental Practice Sales and Valuations?
The most important aspect of selling a practice is ensuring the right buyers are aware of the sale as in truth; nearly all serious buyers will be registered with all three of the most well known agents. At Dental Elite, we have over 5,500 buyers currently registered on our database and rising, looking for practices all over the country. We determine an active buyer as anyone who has opened an email in the last 12 weeks and at the moment, that figure equates to c3,800 buyers. Once we find a buyer is no longer ‘engaged’ we stop sending them specific practice launches to better conserve confidentiality but keep mailing them practice list updates until they request us not to. We use a variety of techniques to ensure buyers remain engaged; e-mail marketing, SMS and the telephone.
However, as well as our own registered buyers, we also market practices on the BDJ website alongside our own. Our exposure is massive, as we are the first on Google rankings for ‘Dental Practices for Sale’ depending on the area of the country. This means we can reach as many potential buyers as possible and find the right one for you.
Our marketing does not stop here. We exhibit at every major Dental Trade Show, participate in BDA & LDC Events on both a local and national platform and also manage our own seminar series. Additionally you will find our articles and adverts in the dental press every month.
So if you’re thinking of selling your practice, get in touch today!
Call us on 01788 545 900 or send us a message!
Selling a Practice is More Than Just Finding a Buyer…
Of course just finding a buyer isn’t where a good agent stops. We estimate that 70% of our service is actually provided once a buyer has been found; negotiating the commercial minutiae, chasing all the stakeholders, de-registering you from the CQC, registering your buyer with the CQC and ensuring they are prepared for their interview, ensuring your buyer is doing everything they should be doing with their bank, helping you populate your Due Diligence Questionnaire and Inventory, protecting you from unwarranted price re-negotiation. The list goes on…
We feel it is important that you have one voice and one face you recognise throughout the whole process who will be the Practice Consultant you meet at the outset. We also recognise that selling a practice is a big job and one person alone (who is often on-the-road) just isn’t enough so they are supported by our Sales Progression team who are office-based are on hand to make sure that your business transition is marketed to both the right buyers and then is managed effectively through the legal process.
The Elite Difference;
|Ranked as #1 on Google Organic Search for Buyers – see for yourself|
|A database of over 3,800 Engaged* Buyers (*Buyers who have opened some communication in the last 12 weeks)|
|Encrypted Data Room access for all buyers to fully control document access.|
|All buyers who have opted-in receive a Free SMS on a Practice Launch.|
|Practice Valuers who maintain responsibility and account manage practices on the market.|
|Most Extensive Heads of Terms / Deposit Document in the Market, significantly reducing deal abortive rate.|
|100% of the Deposit passed to Vendor in the event of forfeiture.|
|Inclusive Due Diligence Collation Service provided by an external party if required.|
|Dedicated CQC Transaction Co-Ordinator who processes your applications.|
|Transparent Fee Structure; maintaining full impartiality across all buyers.|
|Over £100,000,000 in collective value of practices sold in the last financial year.|
A cost base analysis, how do you
compare to other similar dental
practices we’ve valued?
The Profitability & Occupancy
Rate of your Hygiene Chair
Exit Planning and an Indication
of Likely Post-Sale
A Line by Line breakdown
of how your practice has
Experience In Helping You Sell Your Dental Practice
We have been established for nearly a decade and many of our team have been working the sector since before the inception of the not so new NHS contract, combining more than a century of experience across dentistry. Our directors are recognised as being part of the first agents to openly talk about EBITDA being a more valid basis for dental practice valuation and the professionalisation of the agents.
Of course a good agent isn’t about yesterday as the market moves all the time, we now currently broker well over 100 of the estimated 470 annual dental practice transfers putting us as one of the top two busiest agents.
A Single Point of Contact
There is nothing worse than getting passed from one person to another when all you want is the answer to a simple question. This is why when you choose Dental Elite, you have a single point of contact all the way through the process who bears ultimate responsibility for your sale. Your consultant will not only conduct the initial meeting with you, they’ll complete your dental practice valuation, write your valuation report and prepare you for market. They will also manage your whole sale process from viewings to agreeing the Heads of Terms.
All the while they are supported by our office-based Sales Progression and Business Support teams so although you may speak to different people with different expertise throughout the process, only one person is responsible. This means they are fully accountable for your practice sale both to you and to the business’ directors on a regular basis who oversee every valuation and every sale. This is the only way we can offer every practice a bespoke service, as the consultant has to understand the practice to prepare the valuation and then ultimately sell it.
Free Valuations with No Catches or Obligations
If you are considering selling your practice, our valuation is completely free. There is no obligation on your part to sell with Dental Elite, although we would hope that you would want to work with us. Furthermore, we don’t just give you a valuation. With our report, we will help guide you how best to approach your exit strategy and advice on growing your practice value. Whether it is in six months’ time or five years.
Featured Case Study
Carol & Philip Baron
“Well about six years ago when we first considered selling the practice Dental Elite’s Luke Moore carried out a valuation that we were very impressed with. Thus, when we were finally ready to go to market we got in touch in with the team, and it went from there. We would definitely recommend their services to other vendors.”