Buying a Dental Practice
Make Buying a Dental Practice Simple with Watson Brown
Considering buying a dental practice? At Watson Brown, we simplify the process, ensuring straightforward and transparent steps for a seamless dental practice acquisition. Whether you’re a seasoned practitioner considering an expansion or a new professional looking for a dental practice for sale in Texas, our comprehensive guidance gives you the knowledge needed to make informed decisions.
How to Buy a Dental Practice
Start the process of buying a dental practice with Watson Brown. Here are some helpful steps to buying a dental practice:
1. Sign the Confidentiality Agreement
Before we can begin, you’ll need to sign a Confidentiality Agreement. By signing this agreement, you agree not to share or divulge information from our firm or the seller, allowing us to share detailed information about available dental practice listings.
2. Complete Your Buyer Profile
By completing the buyer profile, we can better understand your goals, expedite the process, and notify you when new dental practice listings become available.
3. Review the Practice Appraisal
When you find a dental practice for sale that you’re interested in, we’ll send you a valuation that includes details on its overhead, future earnings potential, and the true return on investment.
4. Prequalify for Financing
We’ll then connect you with lenders who specialize in dental practice transitions to help you understand what you can afford, which can expedite the loan process after an offer is accepted.
5. Meet the Seller
We will arrange for you to meet the seller at their practice after hours to give you a chance to see the facility and equipment, as well as ask questions about the practice’s systems and philosophy. To maintain goodwill with the seller, please direct all your purchase price questions to our team.
6. Submit Your Offer
Submit an offer or Letter of Intent (LOI) to show that you and the seller intend to work together on the sale of the practice. The LOI allows you, as the buyer, to complete the due diligence, as well as contingencies to walk away from the sale if the seller misrepresents a material fact or if there are financing issues.
7. Complete Due Diligence
After the offer has been submitted and accepted, you will continue to analyze and complete due diligence to ensure that the information already provided by the seller supports the sale price.
Confidentiality Agreement
Protecting the confidentiality of your practice acquisition is paramount. Before accessing the details of available dental practices for sale in Texas, we request each potential buyer to complete our Confidentiality Agreement. This important step ensures a secure exchange of detailed practice information and upholds the integrity of the buying process.
Purchaser Representation
Making a strategic investment in purchasing a dental practice is a significant decision that demands careful consideration. Our team specializes in purchaser representation, helping you narrow your search, secure bank financing, and plan a successful dental practice transition with the seller.
Our Purchaser Representation Services Include:
- Dental practice assessment/valuation
- Cash flow projections
- Securing financing through our preferred lenders
- Negotiating the terms of the sale
- Review or drafting of legal contracts
Dental Practice Startups
Starting a new dental practice can be both exciting and overwhelming. With over 30 years of experience, Watson Brown can help you put your dream of starting a new dental practice into focus. We assist in building a team of experienced professional advisors, securing practice financing, and accelerating your practice opening.
If you’re considering launching a new dental practice, let Watson Brown be your trusted partner for a successful start. Contact us at (469) 222-3200 for a free consultation.
Take the Next Step in Your Search for a Dental Practice for Sale
With Watson Brown, buying a dental practice is a seamless and rewarding process. Whether you’re looking to buy a dental practice, secure expert representation, or start a new, successful practice, we’re here to guide you. Reach out today for personalized advice and a strategic approach to achieving your dental practice goals.