Ready to Acquire Your Dream Practice?

Buyer-Representation for Dentists

Our Comprehensive Approach to Buyer Representation

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Ready to venture into private practice ownership, but don’t know where to start? No worries – we are here to help! 

We have helped over 300 dentists navigate the practice transition process over the years! We know a thing or two about buying the right practice. 

We assist dentists with reviewing due diligence materials during a practice acquisition, help negotiate terms and draft a tax saving purchase price allocation. 

This is one of the most important financial transactions in your professional career! You should make sure you are aligned with the right professionals to help you make these tough decisions. You should be working with a dental specialized CPA, Attorney and Banker to navigate pitfalls. 

The Typical Documents You Should Request During the Due Diligence Phase:

  • Broker prospectus/offering memorandum (if available) 
  • LOI & Draft PSA (if available) 
  • Copies of prior three years of business tax returns and we will want to see the QuickBooks financial statements that were used for
    these returns 
  • QuickBooks Profit & Loss statement Year-to-date 
  • Patient Management System Production Reports 
  • Info regarding new technology in the office and condition of build-out
  • Copy of the office lease

Phase 1

Special Project – Practice Acquisition Phase 1

When evaluating a purchase transaction, our primary objective is to assess the cash flow of the practice and the reasonableness of the purchase price and terms of the deal. We focus heavily on evaluating the cash flow and overhead to determine whether or not the practice can cover the debt service and leave enough left over to pay you a sufficient income to cover your household expenses. We will provide assistance with the financial evaluation and tax matters related to the acquisition of your target dental practice.

The scope of our phase 1 work will include:

  • Complete a preliminary review of the practice valuation report/broker’s prospectus (if available)
  • Review the past years’ tax returns and current year-to-date profit statement of the practice and assess the historical cash flow of the practice.
  • Correspond and/or meet with you to discuss the pros and cons of pursuing the purchase of the target practice.
  • Guide you through the acquisition process and actions required to complete the transaction.
  • Perform an in-depth financial evaluation of the practice and prepare a cash flow analysis and stress test cash flow with differing levels of patient attrition.
  • Provide you with our findings and recommendations.
  • Correspond and meet with you and your attorney as needed.
  • Assist with drafting your Letter of Intent (LOI) as-needed

We require a $3,000 retainer payment deposit upon the inception of our engagement, which will be billed upon you e-signing this engagement.

Phase 2

Special Project – Practice Acquisition Phase 2

The scope of our phase 2 work includes:

  • Assisting with your purchase price allocation
  • Assisting with setting up your Gusto payroll system
  • Advising on HR best practices
  • Set up your QuickBooks Online
  • Help with state tax agency registration questions

If you sign a 1-year contract for post-acquisition accounting services, then we will refund the Phase 2 fee! 

$3,000 payment deposit upon the inception of our engagement, which will be billed upon you e-signing this engagement.

LOI Accepted? Ready to Start Due Diligence?

Schedule an intro call today!