NOT ALL APPRAISALS ARE CREATED EQUAL.
Buying or Selling a practice is a major decision which can impact your entire life. Let Handon Brokers provide a formal offer to validate the value of your practice.
What is a Dental broker?
To put it simply, a dental broker is professional that guides you through every step in the transition process of a dental practice. Some brokers consider themselves well advised, well advised having undergone training that makes them an expert. When considering your largest asset, having up date, industry knowledge, valuations and sales readily available to gauge the value of your practice and most importantly, buyers ready to make an offer ( in most cases a term sheet) for your review, differentiates our clients from most dentist wanting to understand the assets.
Handon Brokers will take you through every moment of the dental practice transition—including valuing a dental practice, purchasing or selling a dental practice, negotiations, finance, contracts, and the transition that takes place from one owner to another. In short, we offer to mentor you through the transition of your dental practice from start to finish. Handon Brokers have some of the leading dental brokers, financiers, lawyers and Corporate buyers in the field, and we’d like to take a moment to explain what we can do for you.
Meet the Team
Our mission is to offer the highest level of dental practice valuations, brokerage and consulting services to the dental profession on a national basis.
BENEFIT ONE
We understand your business:
Dental practice valuation
Whether you plan on buying a dental practice or you’re looking to sell your asset ( Dental Practice), you’ll want to have accurate information regarding the valuation. If you’re looking to buy a dental practice, you want to get one for a good price while knowing the ins and outs of what you’re getting into. On the flip side, if you’re selling a dental practice, you want to make sure you receive fair valuation just not for the obvious assets, ensure the right buyer has the opportunity to meet with you and to acknowledge work you have put into building it. Our team have a keen eye and can provide accurate assessments and valuations for any dental practice. Here is a list of some of the factors that we take into consideration when valuing a dental practice:
Dental Equipment.
Finnancial information ( P/L’s and production reports from your software to ascertain levels of concentration / sustainability).
Dental staff and their associated experience and training.
The location: whether or not it is rented or owned.
Revenue reports for the last Financial year.
BENEFIT TWO
Formal introductions, negotiations and contracts
Once the appraisal has been performed, that is when things start to move—and can move fast! Our dental broker will begin the negotiation process on your behalf; going back and forth with the other party until an agreement can be reached. Handon transitions will ensure that you receive the best possible outcome through our skilled negotiations. At that point, legal contracts have to be drawn up to handle the transition. We’ll help create and review these contracts and then make sure you fully understand what the contract entails so that you can make an educated decision for your dental practice transition.
Discreet conversations to interested parties.
Liaise and introduce you to the buyer/seller.
BENEFIT THREE
Transitioning
Once the sale is completed, then comes the transition phase. It can seem overwhelming stepping into a business that you’re not familiar with, or getting everything in order to hand off to the buyer, but don’t worry—we hasve you covered. We facilitate the transitions by making sure that the buyer has everything they need to be successful with the dental practice and making sure the seller has taken care of all their legal obligations. The dental staff and the patients of the practice need to feel like operations are continuing smoothly—and we’ll make sure that happens for you.
Negotiate on your behalf to accommodate all of your strategies for an ideal outcome.
Provide support throughout the legal processes.
All the way to the exchange, ensure the transition is smooth, seamless and thorough.
In summary
The team at Handon brokers will handle every aspect of the transitioning of your dental practice — whether you’re buying or selling. From beginning to end, we will personally take through the first steps to a successful outcome. We will handle as much or as little as you want in the initial stages right up to a term sheet that will quantify the offer. Should you have any questions regarding our services, please contact Hanni Ishkan today on 0427 685 145.
