What We Do
Advanced Practice Sales specialists have evaluated and successfully performed dental, medical, and veterinary practice transition sales since 1966.
Our decades of experience assures you that your transition will be handled with utmost professionalism. We respect the efforts and investments you have carefully dedicated to your practice over the years; thus, we will work diligently to represent you accordingly.
Resources
The full spectrum of Advanced Practice Solutions’ capabilities is used on every transition. Hence, you get the powerful combination of brokers… MORE
The full spectrum of Advanced Practice Sales capabilities is used on every transition. Hence, you get the powerful combination of brokers, CPAs, and tax professionals working for you for the same standard broker fee. Furthermore, for your convenience and time efficiency, you only communicate with one agency throughout the transition.
Many dental, medical, and veterinary communities choose agencies which, unlike APS, do not offer all the required services for a smooth transition; thus, the task at hand does become not only difficult and time consuming but also more costly. Let Advanced Practice Solutions save you time and money by managing all the aspects of this major endeavor.
Valuation
A practice valuation takes into account the tangible and the intangible elements of a dental practice to determine the market value… MORE
A practice valuation takes into account the tangible and the intangible elements of a practice – in conjunction with economic forecast – to determine the market value. Advanced Practice Sales uses a combination of an internal formula with contributions from our Brokers and CPA’s. The result is an accurate value of your practice. One of our main objectives is to bring to light all the details of your hard work which in totality constitute the true worth of your practice.
You may request a valuation even if selling your practice is not an immediate goal; this will highlight the strengths and weaknesses of your practice – allowing you to optimize its potentiality. For example: operational and cosmetic upgrades may dramatically increase the value of your practice.
Marketing
To successfully complete the sales of your dental practice for its maximum value, it is important to acquire a large group of potential… MORE
To successfully complete the sales of your practice for its maximum value, it is important to acquire a large group of potential buyers.
When you list with Advanced Practice Sales, you not only benefit from our network of qualified buyers, but also from the many seminars and conventions in which Advanced Practice Sales participates. We also utilize our relationship with Lenders to gather yet another source of interest in your practice.
Let Us Help You
Appraisals & Assessments
Acquisitions & Mergers
Retirement Planning
Negotiations
Frequently Asked Questions
Q: How long will does it take to sell my practice from the time I list?
A: In an area of high demand, such as Southern California, the transaction can take place in as few as 6-12 weeks from the time the valuation is completed. In a rural location or in areas where the demand is less, it can typically take 2 or more years. However, the length of time depends not only on the practice location but also on many other variables.
Advanced Practice Sales shall work diligently to sell your practice expeditiously at its maximum value.
Q: What is a reasonable Covenant Not to Compete?
A: The geographical area of the Covenant is different for each practice. The radius of the Covenant area is usually correlated with the service area of the practice which is where most of the patients live and work. This radius may vary depending on population density and services offered.
Q: I have read that dental practices are worth 70% of their gross receipts averaged over the past three years. Is that true?
A: Three years of financial information is an important element to value a practice; however, in today’s market the price does not solely depend on a simple calculation. To determine the actual value of a dental practice, a transition expert must conduct a comprehensive appraisal.
Q: When Advanced Practice Solutions lists my practice for sale, how will it be marketed?
A: Advanced Practice Sales strongest marketing tool is the internal network of professionals in dental, medical, and veterinary industries who have access to potential buyers. Additionally, APS utilizes its website, The Dental Trader – a monthly publication of all listings – and Lender generated leads.
Q: Will I have to carry a note in the sale of my practice?
A: In nearly all cases, it is possible for the buyer to secure 100% of the financing so you would be paid in cash at the closing of the sale.
Q: How does Advanced Practice Sales appraise my practice?
A: Advanced Practice Sales, in association with CPA’s and Brokers, meticulously and precisely calculates the exact worth of your practice.
Contact us today to receive a free evaluation!