dental broker Archives - Triumphant Partners

Can I Sell My Dental Practice Without a Dental Broker

If you’re a dentist considering selling your dental practice, you likely have many questions. The process can be confusing and complicated sometimes, and you’re likely struggling to keep up with the demands of selling your practice and maintaining your business. 

If you’re strapped for time and trying to take care of your practice, you are probably trying to simplify your life in any way you can. One potential way to streamline the sale process is to forego partnering with a transition expert or dental broker. You might think that selling your dental practice directly to a dental support organization or dental partnership organization without a broker is a savvy decision, and one that will ultimately save you time.

However, if you decide to sell your dental practice without a dental broker, you are potentially depriving yourself of a key resource, one that can help you maximize the sale process. Many dentists convince themselves that they don’t need a dental broker to assist in their transition, then discover just how much value a dental broker partner can add to the process.

Risk of Undervaluation

Foregoing a dental broker as a transition partner can significantly impact your practice valuation. Understanding your practice’s current and future worth is an integral part of the process and one that can make or break the closing price of your dental practice. Too many dentists don’t fully understand the worth of their practice and attempt to go without a dental broker in their corner. 

Dentists who rely on simplistic rules-of-thumb, top-line numbers, or online practice evaluations risk under- or overvaluing their practice. Both valuation errors severely limit your ability to field potential offers successfully. Too high a valuation leaves you fixated on an impossible number that is likely far above market value and unobtainable. Too low of a valuation means you’re that much likelier to accept an under-value, lowball offer and consequently leave tens of thousands of dollars on the table. 

Lack of Familiarity With Buyer Screening

If you’re selling your dental practice, you’re likely eager to receive and review potential buyer offers. However, fielding offers for your dental practice will be much more intricate than determining if the offer is interesting.  Dental practice transitions are complicated, laborious, and time-intensive. It’s best to decide early on whether a potential buyer is a good match. Unfortunately, you likely don’t have a methodology and process for screening potential buyers. 

However, an expert dental broker partner will have a wealth of experience in this sort of buyer verification and can help you screen potential buyers accordingly. Some may even have a private buyers’ network you can access as part of their services, which may give you early access to an extensive collection of interested and pre-screened buyers. Working with a dental transition partner is a huge benefit and one that is difficult for many dentists to replace. 

Lack of Awareness About Standard Terms & Conditions 

When attempting to sell your dental practice, it’s probably the first time you’ve ever sold something of this value and complexity. Unfortunately, the dental support organization or dental partnership organization you’re engaging with has likely navigated hundreds or thousands of dental practice negotiations. Consequently, the organization is likely more prepared than you and will have more industry knowledge. There’s no shame in this. Remember, the organization has teams of folks specializing in evaluating, pitching, and closing dental transitions. 

The discrepancy in expertise here means that you likely won’t identify terms, conditions, and asks that are not standard. A good attorney can certainly help with this, but you’re still flying blind without a dental broker in your corner. A qualified dental broker partner is your best resource for neutralizing the DSO or DPO’s advantage and ensuring that you receive a fair deal. A good dental broker will help you understand your worth and work with your attorneys to arm them at the negotiation table. 

Partner With Triumphant 

A qualified dental broker can help you streamline your sales pitch and sell your dental practice on your terms, time, and asking price. If you want to sell your dental practice, contact Triumphant today for a free courtesy consultation! 

Our team has extensive experience on both sides of complex dental transition deals, expertise that makes us that much more impactful for our clients. We partner with our clients to help them understand their practice’s value and what drives them. From there, we use every tool at our disposal to maximize their value. When you partner with Triumphant, you’re partnering with an industry-leading expert dedicated to your success.

Contact us now for your courtesy consultation!

Am I Ready to Sell My Dental Practice?

Dentistry can be an incredibly rewarding field, but it is also a demanding one. Many dentists experience burnout from trying to keep up with the fast-paced demands of running a dental practice.

Eventually, it can all become too much, and many dentists begin exploring an exit from the profession. Even if burnout isn’t a driving factor, you may still be ready to leave dentistry behind. Everything from retirement to new career opportunities could be on the horizon for you. If you’re contemplating this transition, it’s critical to determine whether you’re truly ready to sell your dental practice.

Triumphant Partners has years of experience helping dentists sell their practices and transition into the next phase of their lives—whatever that may be. Over the years, we’ve learned a lot and have put together some key questions to help you decide if you’re ready to sell your dental practice. Read on to learn more!

Do I Know My Goals?

Before you begin preparing to sell your dental practice, we recommend sitting down and evaluating your goals.
This might sound obvious, but it’s a vital part of the process. Your vision for life after dentistry will determine how you approach the market.

  • Do you want to sell your practice immediately and exit as soon as possible?
  • Are you looking to outsource the operational side but stay on as a clinician? If so, for how long?

Understanding your goals will guide every decision moving forward. Certain dental support organizations (DSOs) are more flexible on specific terms than others, so the clearer you are about your goals, the better you’ll be able to find the right fit and use your time wisely when meeting with potential DSO or DPO partners.

Do I Know My Practice Value?

If you don’t truly know the value of your dental practice, you aren’t fully prepared to sell it. Fortunately, this can be addressed fairly easily, but it’s essential to understand both your current and projected value. Knowing your worth is a foundational element of the sales process and makes everything that follows significantly easier.

Many dentists rely on a rough estimate of their practice’s value and assume it’s sufficient, but this can be a costly mistake.

Even if you think you know your sale price, your sale cycle will go much more smoothly if you have a professional valuation in hand. Rough guesses, online formulas, and rules of thumb simply aren’t enough.

We strongly recommend focusing on your EBITDAEarnings Before Interest, Taxes, Depreciation, and Amortization.

This financial formula simplifies all elements of your practice down to its core profitability. No two practices are identical; variations in patient base, market conditions, tax implications, and assets all complicate the valuation process. EBITDA allows you to normalize these differences and focus on profitability, making it easier to accurately assess and compare practice values.

Do I Have a Qualified Dental Broker?

You might be tempted to sell your dental practice without a broker. However, in our experience, few things better prepare you for a successful sale than having a trusted, seasoned industry expert in your corner.

Selling your practice will likely be a complex, multifaceted process. While you are an expert in all things dentistry, there are likely knowledge gaps when it comes to practice transitions.

A qualified dental broker and transition partner can complement your expertise by:

  • Managing your practice valuation
  • Handling complex financial paperwork
  • Equipping your attorneys for a smooth closing
  • Screening and qualifying potential buyers
  • Advising you through every step of the transition

Having a strong transition partner typically makes the process ten times easier and leads to much higher satisfaction with the outcome.

Ready to Sell? Partner with Triumphant!

If you’re thinking about selling your dental practice, partner with Triumphant!

We bring decades of industry experience and are here to help you maximize the value of your practice and make your transition seamless.

Contact us today for a free courtesy consultation and take the first step toward your next adventure!

3 Ways a Dental Broker Helps Your Asking Price

If you’re planning to sell your dental practice, chances are you’ve already spent some time thinking about what it might be worth. After all, this is likely the biggest sale of your life. But as you prepare to sell, you may have questions about your practice’s value. Can you increase the asking price? Is your estimated value accurate? What details might need a second set of eyes?

Pricing your practice correctly and finding the right buyer are critical to your future. Don’t go it alone. A seasoned, qualified dental practice broker can elevate your transition—and even help increase your asking price. If you’re considering selling your dental practice, read on to learn how Triumphant Partners can help.

Business Coaching

A dental practice is much more than four walls. Your staff, equipment, clinical expertise, and operational processes are all complex parts of a business that’s deeply connected to a rapidly evolving industry. If you’re not actively adapting to changes in that industry, you could be leaving money on the table.

As dental transition brokers, we bring deep industry knowledge to your practice and help you use that insight to add value. This is a powerful resource when you’re preparing to boost your asking price before going to market. Your practice’s current performance and achievements play a big role in the sale—but a few strategic changes to your operations could dramatically improve future revenue projections and help you command a higher offer.

Whether it’s developing flexible patient payment plans, ramping up your marketing, or investing in high-value dental equipment, there are tangible ways to increase your practice’s worth. The Triumphant team is equipped to coach you through these changes and help elevate your practice to the next level.

Our team is also skilled in keeping up to date with market trends, negotiating deal terms and agreements, navigating the bidding process, procuring all acceptable buyers, and negotiating real estate terms when applicable. We’re here to coach you through the entire process, from beginning to end.

Insight Into Practice Value

You might already have a ballpark idea of what your dental practice is worth. After all, you built it, and you have access to the latest financials. But when it comes time to sell, a rough estimate won’t cut it. Small details in your practice’s valuation can add—or subtract—tens (or even hundreds) of thousands of dollars from your asking price.

You may be able to get close on your own, but a true expert is essential when it comes to valuation. Everything from current cash flow to equipment value, land ownership, and projected earnings needs to be factored in. Most dentists simply don’t have the time or expertise to dive deep into these details—and that’s where Triumphant Partners comes in.

There are many ways to value a dental practice, but not all methods are equally effective. A cash-flow-only approach may ignore asset value, while a market-level view might overlook your specific strengths. At Triumphant, we recommend focusing on your EBITDA—Earnings Before Interest, Taxes, Depreciation, and Amortization—as the primary benchmark. This approach strips away the noise and highlights how profitable your practice truly is. It allows for a more apples-to-apples comparison with similar practices and helps you negotiate a better price with a dental support or partnership organization.

But valuation is a nuanced process. Small missteps can result in substantial financial losses. That’s why our dental CPAs are here to help you get it right—and go to market with confidence.

Help Navigating the Industry

The dental industry is complex. Running a successful practice requires staying on top of technical, regulatory, and insurance-related details. On top of that, you have to navigate relationships with vendors, suppliers, and dental support organizations. And when it comes time to sell, the complexity only increases.

You might be a top-tier dentist, but that doesn’t mean you’re fully prepared to handle the ins and outs of selling a practice.

That’s where a dental broker comes in. A trusted partner can be your greatest advocate during the transition. At Triumphant Partners, we bring extensive industry knowledge to every sale. Our market insight helps you avoid common pitfalls, make informed decisions, and ultimately close with confidence. We’ve seen it all—and we’ll put that experience to work for you.

Partner with Triumphant

Looking to sell your dental practice but not sure where to start? Call Triumphant Partners today for a complimentary consultation. We’ll help you clarify your goals and offer recommendations tailored to your unique situation.

When you partner with Triumphant, you’ll gain access to:

  • Our Exclusive Private Buyer Network
  • Expert Marketing Strategy
  • Support Through Complex Negotiations
  • Unmatched Experience on Both Sides of the Deal
  • …and more!

Let’s make your next move a triumphant one.

Subscription-Based Selling in a Dentist Practice

Running a dental practice is no small feat. Every day is different, and you and your staff are constantly encountering new challenges in patient care, practice management, and regulatory compliance.

Part of the fun of working in such a challenging industry is the introduction of new modes of operating. If you’re looking to introduce new ways of streamlining the operations of your dental practice, you need to be aware of subscription-based patient plans. 

New pricing and patient care models can help you better meet your patients’ needs and grow your practice. A subscription-based pricing model is one interesting way to offer first-rate dental care to your patients, and it has taken the industry by storm. 

Growth of the Model 

You have likely seen the rise of the subscription economy in your personal life. Whether it’s wine, makeup, meal kits, or international snack boxes, Americans are flocking to the subscription-based model. Dental healthcare is no different. Kleer, one of the pioneers in dental membership, was named one of the fastest-growing companies in America in 2023. According to some estimates, this model looks to be the future of dental care, and its growth shows no signs of abating in the near future. But what are the benefits of adding a subscription-based dental care model to your practice?

Customization

While there are some constants in dental care, every patient is different. Yes, we all have some baseline dental hygiene needs that should be tended to, but not every patient needs the exact same sort of treatment. Dental care packages or plans allow you to customize care to what each patient needs and better tend to the patient’s unique dental health. 

Increase in Patient Access

By some estimates, 80 million uninsured Americans forego dental care yearly. That’s an astonishingly high number and has a massive impact on the country’s dental health. As any dentist or healthcare practitioner can tell you, preventative care is the backbone of successful patient outcomes. Rising insurance costs within the dental industry prevent many Americans from seeing a dentist, increasing the odds of a negative dental health outcome in the future. This is a huge blindspot within the dental industry’s coverage and threatens millions’ dental health.

Subscription-based dental coverage is one interesting way to offer better coverage to these underserved Americans and improve their oral health. Monthly subscription fees are often cheaper than insurance premiums, and they also help the dentist’s bottom line, as there is no insurance cut in this equation. 

Preventative Care

A subscription-based model is a great way to increase access to preventative care and improve patient outcomes. A care plan or package can help patients bundle their preventative care costs together. Imagine a dental practice offering a care package with two cleanings within a year. This packaged approach makes scheduling this critical care easier and allows the underserved to receive much-needed preventative care that will keep their oral health strong in the future. 

Retention

Patient attrition is an oft-forgotten element of dental practice management. Depending on how you measure the phenomenon and where your practice is in both lifecycle and market, patient attrition can be between 10-20%. That’s a problem if you’re a dentist looking to increase your patient base. Imagine implementing a successful marketing campaign and improving your net new patient numbers by 15%, only to discover that your patient attrition rate of current patients was 10%. Your astounding 15% increase is now cut to 5%, a respectable but lesser spike in growth. If your patient attrition rate was on the higher end at 20%, your marketing campaign hasn’t so much increased net new patients as merely lessened the rate of loss. As a dentist, you should measure your patient attrition rate. 

Subscription-based models can help mitigate this loss. If your patients are already paying for your services monthly or annually, there’s no reason for them to avoid coming in. This can be a win-win for all parties involved. The dentist in question stabilizes their collections and patient base, which is a key step in evaluating and growing the practice in the future. The patients involved secure access to quality preventative oral healthcare. 

Call Triumphant Partners

A subscription-based model of oral healthcare can be an interesting way to court the interest of a dental support organization or dental partnership organization. As mentioned previously, this pricing model is beneficial for dentists looking to increase recurring revenue, provide access to more patients, decrease patient attrition, and increase net new patients seen. These are all incredibly valuable metrics to track if you want to sell your dental practice to a DSO or DPO. The better these metrics are for your practice, the better your asking price. If you’re looking to sell your dental practice, this sort of subscription service could be a force multiplier for your dental practice. 

If you’re looking to sell your dental practice, call Triumphant Partners today! Selling your dental practice can be a complicated process to undergo by yourself. A trusted, industry-leading partner is a must-have to help you sell your dental practice on your terms. Call Triumphant Partners to discuss how to sell your dental practice at your asking price and what your dental practice is worth!

Why White Glove Service Is a Key Quality in a Dental Broker

Selling and transitioning a dental practice is not for the faint of heart. This is likely the most significant business transaction of any given dentist’s life, and a lot is riding on any one deal. When partnering with a dental broker to help you value, price, sell, and transition your dental practice, you want a fighter in your corner. 

However, it’s equally important that you find a dedicated and passionate dental broker with integrity and commitment to you and your interests. The industry has plenty of unscrupulous actors who want to make a buck over all else, even if that means sacrificing the best interests of their clients for a bigger payday. The pitfalls of this approach are myriad; read on to learn precisely why excellent customer service and character matter in the dental broker industry. 

Industry Knowledge

The dental industry is a multi-faceted and ever-evolving beast. The process of transitioning your dental practice is much the same, but many dentists just don’t have the business background to transition their practice effectively. The minutiae of valuing a practice, the common throughlines of dental support organization business models, and the specific terms outlined in any deal will likely just be outside the area of expertise of any dentist. A trusted partner can help streamline and simplify the industry and help you apply this knowledge to benefit yourself and your practice. 

Your Interests Only

The dental practice transition industry can be complicated, so it’s only natural to seek an industry expert to help walk you through the process. However, it is worth noting that not all potential partners with are truly in your corner. If you’re a dentist looking to sell to a dental support or dental partnership organization, you need to know that selling directly to a DSO or DPO could backfire. 

For one, the dental support organization or dental partnership organization in question is incentivized to offer you the lowest figure possible for your dental practice. It’s just a part of doing business for them, and you can expect to be lowballed on your first offer from any established dental support organization or dental partnership organization. 

If you don’t have an accurate and data-backed assessment of the value of your dental practice and why it is worth the dollar figure you’re asking for, you’re likely to accept a low offer. This is especially true if the organization in question contacts you first. Oftentimes, if the support organization reaches out to you first, you’re likely not receiving their best offer and that’s intentional. Many DSOs and DPOs have teams that do nothing but cold-call dental practices with information about what their practice is worth. These lowball first offers can seem incredibly tantalizing to a struggling and overworked dentist, but they often leave money on the table.

That’s why an integral part of the brokerage process is having a dedicated dental broker who only represents your interests. 

The Danger of a Bad Business Deal

Few things will lower your career satisfaction as much as a bad business deal. Unfortunately, the process of transitioning your dental practice is rife with opportunities to sign on for a bad deal. 

Maybe you don’t want to stay on with the practice after close. Perhaps you want to retain control over key practice leadership decisions. Maybe you want to be solely responsible for hiring and firing decisions. A poorly planned transition deal can leave you obliged to honor terms you’re not ecstatic about.  Moreover, a poorly planned business deal or an unhappy ownership situation can dramatically impact your mental health and career satisfaction. 

The wrong dental practice broker won’t be too concerned if they stick you with a poor fit, so long as they get their cut. A true partner will help you understand your goals and needs and then will work effortlessly to connect you with a DSO or DPO that is well-positioned to meet those needs. The right dental brokerage will never pressure you to move forward with a deal that will not delight you. The wrong one might assure you that a proposed partnership is a great fit, even if they know this isn’t optimal. 

Dedication to You 

This ethical and professional dedication is key to successfully transitioning your dental practice. Without full faith and confidence in your dental broker, you risk ending up in a business deal that isn’t in your best interests. Your broker might walk away with a nice payday, but you might be less than satisfied with the results. Moreover, you might be stuck honoring obligations to your new dental support partner that don’t align with your broader business goals. 

That’s why you must partner with Triumphant Partners today! Our model is straightforward. We think transitioning your dental practice is easier for all parties involved when you’re allied with a dental broker that puts your interests first. We bring our buy-side experience and deep industry contacts to your practice transition. Our team understands that the success of our clients is how we succeed as dental practice brokers, and we always keep that as our guiding light. We don’t receive a red cent from a buyer; we only make money when our clients are delighted. 

Triumphant Partners is also a smaller, boutique brokerage. This means that our clients are not one of thousands, lost in the mill of a behemoth, publicly-traded company. Instead, our clients have access to our team members when needed and will always be able to reach an actual, breathing, and engaged Triumphant Transition Partner employee. Rest assured that you are contracting with a helpful partner dedicated to making this process as simple as possible for you and your practice. 

Know that Triumphant Partners is always looking to innovate and add value to your transition, whether it’s access to our medical CPA and auditors on staff, access to our HIPPA-compliant encrypted financial documentation portal to save you time, or a customized sales strategy.

 Call now for your free dental practice valuation!

Dental Practice Valuation: Common Mistakes and How to Avoid Them

The value of any business is dynamic. Changes in the market, client base, or macroeconomic conditions all impact your practice’s value, making accurate evaluation a challenge. Dental practices are no exception. If you’re preparing to sell your dental practice, understanding your dental practice’s worth is foundational to the process. Without knowing your value, you can’t determine or assess offers effectively. The valuation process is crucial as it considers both financial and non-financial factors that influence the practice’s worth. Worse, you might accept a low-ball offer and sell your practice for tens of thousands of dollars less than it’s worth. Therefore, obtaining an accurate appraisal is essential to ensure a fair and precise evaluation.

Unfortunately, common practice valuation mistakes often plague dentists during this critical process. However, with a bit of expertise, these pitfalls are entirely avoidable. Read on to learn more!

Introduction to Dental Practice Valuations

Dental practice valuations are a cornerstone of the dental industry, providing practice owners with a precise assessment of their practice’s worth. Whether you’re planning for the future, considering a practice transition, or preparing to sell, understanding your practice’s value is essential. Various valuation methods, such as the income approach, market approach, and asset-based approach, each offer unique insights by considering different factors like cash flow, patient demographics, and tangible and intangible assets. These methods collectively help in determining the total value of a dental practice.

An accurate practice valuation is crucial for determining the market value of a dental practice. It ensures that practice owners receive a fair price, reflecting the true value of their hard work and investment. By understanding the nuances of these valuation methods, dental practice owners can make informed decisions that align with their financial goals and market conditions.

Understanding Dental Practices

To achieve an accurate valuation, it’s essential to understand the unique nature of dental practices. These businesses require specialized equipment, a skilled team, and a loyal patient base to thrive. Additionally, while new patients typically bring in higher profits, it is essential for practice owners to also prioritize the service quality and retention strategies for existing patients to maximize overall profitability. The value of a dental practice is influenced by various factors, including its financial performance, patient demographics, and prevailing market conditions.

Practice owners must consider these elements when evaluating their practice’s worth, as they can significantly impact the overall value. A comprehensive understanding of these factors allows valuators to identify the strengths and weaknesses of a practice, ultimately providing a more accurate assessment. This understanding is vital for making strategic decisions, whether for growth, transition, or sale.

Valuation Approaches

Several valuation approaches are employed in dental practice valuations, each with its own strengths and weaknesses. The income approach focuses on the practice’s expected future cash flows, providing insight into its earning potential. Capitalization rates, which generally range from 15% to 30%, are a critical factor in this method, calculated by dividing excess annual earnings by a risk factor that reflects the level of investment risk. The market approach, on the other hand, examines the sales of similar practices in the area, offering a comparative perspective. Lastly, the asset-based approach values the practice’s tangible and intangible assets, such as dental equipment, patient records, and goodwill.

Often, a combination of these approaches yields the most accurate valuation, as it considers multiple factors that impact the practice’s value. Dental practice brokers and valuators must be well-versed in these methodologies to provide practice owners with a comprehensive and accurate assessment of their practice’s worth.

Cash Flow Analysis

Cash flow analysis is a crucial step in determining the value of a dental practice. By examining the practice’s historical financial data, practice owners can estimate future earnings and identify areas where costs can be reduced and revenue can be increased. This analysis is essential for understanding the practice’s financial performance and making informed decisions about dental practice transitions.

A comprehensive cash flow analysis considers various factors, including revenue, expenses, and capital expenditures. It provides a detailed picture of the practice’s financial health, highlighting strengths and areas for improvement. For instance, a practice with solid revenue but high discretionary expenses might find opportunities to streamline operations and boost profitability.

The value of a dental practice is significantly influenced by its cash flow, as it directly impacts the practice’s ability to generate future earnings. Accurate cash flow analysis is essential for practice owners, buyers, and sellers to make informed decisions and ensure a successful practice transition.


Discounted Cash Flows Method

The discounted cash flows method is a widely used valuation method in the dental industry, providing a reliable estimate of a dental practice’s value. This method involves estimating the present value of expected future cash flows using a discount rate, which accounts for the time value of money. Essentially, it recognizes that a dollar today is worth more than a dollar in the future.

To apply the discounted cash flows method, valuators consider the practice’s projected cash flows, growth rate, and discount rate. By analyzing historical financial data and projecting future performance, this method offers a comprehensive picture of the practice’s financial health and earning potential.

The discounted cash flows method is particularly valuable because it provides a detailed and forward-looking assessment of a practice’s value. However, it is essential to use this method in conjunction with other valuation methods to ensure an accurate and well-rounded valuation.


Comparing Yourself to the Wrong Peers

Dentists often use what’s called a “market-based valuation” to estimate their practice’s worth. This method involves comparing your practice to other dental practices in the area. Theoretically, this should work well since nearby practices often operate in similar markets. For example, a dental practice in urban New Jersey might compare itself to other urban practices, while one in rural Texas would look to its local or similarly rural peers.

While helpful as a starting point, this method has significant limitations. Even among local competitors, practices can differ widely in areas like equipment, debt levels, patient base, cash flow, and market positioning. These granular factors can skew the valuation. Comparing your practice to one down the street that recently sold might lead to a misleading valuation.

Accurately determining a practice’s value is crucial, especially for those considering selling their practice. A market-based valuation can be a useful guide, but it shouldn’t be your sole method of determining your practice’s worth.

Neglecting EBITDA

Financial metrics like collections and profit provide insight into a dental practice’s value but are often incomplete. For instance, one practice might collect twice as much revenue as another yet be less operationally efficient and profitable.

This is where focusing on EBITDA—Earnings Before Interest, Taxes, Depreciation, and Amortization—becomes critical. By removing financial variables like taxes and debt, EBITDA highlights what really matters: cash flow. While net income is helpful, EBITDA offers a clearer picture of the core financial health of your dental practice. Additionally, when determining an offering price, buyers adjust cash flow to account for various factors including discretionary expenses, which encompass charitable contributions, owners’ compensation, and personal expenses related to the owner.

It also enables comparisons across vastly different practices. For example, a large multi-location practice might have massive collections but an EBITDA margin of only 15%, whereas a mid-sized practice with fewer collections might achieve an EBITDA margin of 30%. At first glance, the larger practice appears more successful, but its lower EBITDA margin reveals operational inefficiencies. The earnings method, particularly the Capitalized Earnings Method, is also relevant here as it evaluates a practice’s anticipated profits by analyzing net earnings and projecting long-term performance. This method utilizes the net present value in conjunction with a capitalization rate to estimate total practice valuation, highlighting its dependence on predicting future earnings and the challenges associated with such predictions.

Ignoring Equipment and Real Estate

Market-based valuations and financial metrics alone don’t paint the full picture of a dental practice’s value—especially when it comes to tangible assets like equipment, real estate, and leasehold improvements.

Equipment, real estate, and leasehold improvements are significant contributors to a practice’s overall value. Gross revenue also serves as a foundational figure for calculating the practice’s worth, often using a multiplier to estimate valuation. Two practices with similar patient bases, debts, and cash flow could differ greatly in valuation if one has cutting-edge technology while the other uses outdated equipment. Likewise, owning the real estate where your practice operates can greatly increase its value. The valuation method used to assess these tangible assets plays a crucial role in determining the practice’s market value.

Real estate ownership can also influence tax implications and deal structures when selling your practice, so be sure to account for these factors. Ignoring these assets could leave substantial value on the table.

Financial Records and Analysis

Accurate financial records and thorough analysis are critical components of dental practice valuations. Essential documents like income statements, balance sheets, and cash flow statements provide a snapshot of the practice’s financial health. Analyzing these records helps identify trends, strengths, and weaknesses, which ultimately influence the practice’s value. During a practice sale, engaging professionals such as dental brokers or appraisers ensures an accurate appraisal, aiding in negotiating a fair price.

Practice owners must maintain precise and up-to-date financial records to ensure an accurate valuation. Additionally, valuators need to be skilled in financial analysis to interpret the data effectively and provide a comprehensive assessment. This meticulous approach ensures that the valuation reflects the true financial performance of the practice.

Industry Trends and Conditions

Industry trends and conditions play a significant role in dental practice valuations. The dental industry is dynamic, with technological advancements, regulatory changes, and shifts in patient demographics continually shaping practice values. Staying informed about these trends is crucial for both practice owners and valuators. Many practices calculate their market value based on their cash flow, which includes evaluating their income through various methodologies.

For instance, changes in reimbursement rates or evolving patient demographics can directly impact a practice’s revenue and, consequently, its value. A thorough understanding of these industry trends and conditions is necessary to provide an accurate assessment of a practice’s worth. This knowledge enables practice owners to make informed decisions, ensuring their practice remains competitive and valuable in a changing market.

Market Multiples and Adjustments

Market multiples are a common valuation method used in the dental industry, providing a benchmark for determining a dental practice’s value based on its financial performance. This method involves comparing a practice’s revenue, earnings, or cash flow to that of similar practices in the market.

Adjustments are made to the market multiples to account for various factors such as location, size, and growth potential. For example, a practice in a high-demand urban area might command a higher multiple than one in a rural location. These adjustments ensure that the valuation reflects the unique characteristics and market conditions of the practice.

While market multiples and adjustments offer a quick and easy way to estimate a practice’s value, they should be used in conjunction with other valuation methods to ensure accuracy. Considering various factors and using multiple approaches provides a more comprehensive and reliable valuation.


Working with Dental Practice Brokers

Dental practice brokers play a crucial role in the buying and selling of dental practices, providing expertise and guidance throughout the transition process. With extensive knowledge of the dental industry and market trends, brokers help practice owners determine the value of their practice and develop effective marketing strategies to attract potential buyers.

For buyers, dental practice brokers assist in finding the right practice and negotiating a fair price. Their insights and expertise ensure that both buyers and sellers navigate the complex transition process efficiently and effectively, saving time and reducing stress.

Working with a dental practice broker is essential for practice owners who want to ensure a successful and profitable transition. Brokers provide valuable support, from initial valuation to final sale, ensuring that the process is smooth and that both parties achieve their financial goals.


Maintaining a Valuable Practice

Maintaining a valuable dental practice requires ongoing effort and attention to detail. Practice owners must stay up-to-date with industry trends and developments to ensure their practice remains competitive. A well-maintained practice with modern equipment and technology is more attractive to potential buyers.

Building a strong patient base and providing excellent customer service are crucial for increasing patient loyalty. A valuable dental practice is well-organized, efficient, and profitable, with a focus on high-quality patient care.

Regularly reviewing the practice’s financial performance and making necessary adjustments ensures continued growth and success. Maintaining a valuable practice requires a long-term commitment to excellence, but the rewards are significant. By following these tips, practice owners can ensure their dental practice remains attractive to potential buyers and that they receive a fair price when they decide to sell.

Selling Without a Dental Transition Partner

Valuing a dental practice isn’t a task you should take on alone. Online calculators and DIY approaches are unlikely to produce an accurate valuation. Your dental practice is a complex business, and proper valuation is crucial to ensuring you sell on your terms and to the right buyer. Understanding dental practice valuations is essential for successful practice transitions, impacting financial planning and negotiations for both current owners and potential buyers. Navigating dental practice sales involves managing complexities from identifying potential buyers to negotiating agreements. An incorrect valuation could result in lost opportunities and unrealized financial goals. Therefore, obtaining an accurate appraisal when partnering with a dental transition partner is vital.

Don’t go it alone—call Triumphant Partners for a free consultation today! Partnering with a trusted dental advisor provides more than just an accurate valuation. The right transition partner can:

  • Connect you with qualified buyers
  • Help you screen potential buyers
  • Offer insight into current market conditions
  • Provide tailored advice to meet your needs and find the right fit

Triumphant Partners is here to help. Call now for your courtesy consultation!

5 Signs You Need a Dental Broker

Why Consider Working With a Dental Practice Brokerage?

If you’re considering selling your dental practice, the process may seem overwhelming. You’re already struggling to maintain your practice and take care of your patients. Selling the practice on top of all of that might sound impossible. That’s why many dentists turn to a dental practice broker to help them through the sale and practice transition process. If the five situations listed below apply to you, it might be time to consider partnering with a dental practice broker to ensure your best interests are protected.

Introduction to Dental Practice Sales

Dental practice sales involve the transfer of ownership of a dental practice from one individual or entity to another. This process can be complex and requires expertise in areas such as dental practice appraisals, office sharing arrangements, and associate partnerships. Dental practice brokers, like TTP, specialize in facilitating the sale of dental practices and can provide guidance and support throughout the dental practice transition process. With their extensive knowledge and experience, dental brokers can help dentists navigate the process of buying or selling a dental practice, ensuring a smooth transition and maximizing the practice’s value.

Understanding Dental Practice Brokers

A dental broker is a professional who specializes in facilitating the buying and selling of dental practices. They provide expert guidance and support throughout the entire process, from the initial valuation to the final closing. They are always available to answer any questions and provide essential advice during the buying or selling process. With extensive knowledge of the dental industry and transactions related to dental practices, dental brokers are well-equipped to help dentists navigate the complex process of buying or selling a dental practice, ensuring a smooth transition.

Dental brokers often have a network of contacts and resources, including dental plans and insurance companies, to help facilitate the process. They can also assist in facilitating the addition of dental associates and partnerships. This network can be invaluable in finding the right buyers or sellers and ensuring that all aspects of the transaction are handled efficiently. Additionally, dental brokers can provide valuable advice on practice management and operations, helping dentists to optimize their business and make informed decisions.

By working with a knowledgeable dental broker, dentists can save time and reduce stress, allowing them to focus on their patients and practice. The expertise and support provided by a dental broker can make the entire process of selling or buying a dental practice much more manageable and successful.

Understanding the Process

The dental practice transition process typically begins with a valuation of the practice to determine its worth. This involves assessing the practice’s financial performance, patient base, and physical assets, such as equipment and property. Once a valuation is determined, the practice is listed for sale, and potential buyers are identified. Dental practice brokers play a crucial role in this process, as they have access to a network of buyers and can facilitate communication between parties. A successful transition requires careful planning, professionalism, and expertise, which is why many dentists turn to dental practice brokers for guidance. By working with a reputable dental broker, dentists can ensure that their practice is sold for a fair price and that the transition is completed efficiently.

You Don’t Know Your Dental Practice Value

Have you ever tried to sell something without an idea of what it’s worth? It can be a frustrating process. Valuing your dental practice accurately is crucial to ensure you receive a fair offer. Without a benchmark of what it’s worth and what others are selling for, it’s impossible to know if you’re receiving a fair offer or not. This doesn’t usually happen with simple transactions like groceries or reselling furniture. However, when it comes to a sale as complicated and multi-faceted as selling a dental practice, understanding the value of your dental practice is paramount. Undervaluing your practice by as little as 5% could be tens of thousands or hundreds of thousands of dollars lost. What’s more, if you don’t understand what your practice is worth, you could agree to a low-ball offer without understanding that you left a considerable amount of money on the table.

A good dental broker is a great way to prevent that from happening. A detailed practice evaluation is usually the first step in the services provided by any dental broker worth their salt. The dental broker will then sit down with you and review the findings of that valuation. What’s your EBITDA? Do you own your real estate? What are comparable practices in your region selling for? Without the right dental broker, you’re going to miss out on vital information that will help you through the sales process.

It’s important to remember that buyers will only represent their interests. They might make promises, offer exciting numbers, and say the right things when proposing or finalizing a deal, but they represent their own interests at the end of the day. Dental brokers represent your interests and fight to ensure you get the best terms and dollar value possible. Partnering with a dental broker can help you both understand what your practice is worth and how to get the best possible terms.

You Don’t Know The Industry

As a dentist, you know the dental industry forward and backward. However, the practice transitions industry is a slightly different beast. Dental transitions require careful planning and expertise to avoid common pitfalls and ensure a smooth process. The dental support organizations and dental brokers involved are likely not familiar names to you. What’s more, these organizations are merely the surface of the industry. Details like financing, the practice transitions process, and how to find the right attorney are also central to a successful sale. And we haven’t even started discussing the terminology and specific financial, business, and legal terms you’ll need to know to navigate the process successfully.

Most dentists will only sell one practice in their career, so it stands to reason that the process can be overwhelming and complicated. A good dental broker will simplify the practice transition process for you and give you helpful advice and recommendations.

Don’t conflate the conversation you have with any one dental support organization with the industry at large. There are countless DSOs out there, so if you have a conversation with one DSO, you have only had one conversation with a DSO. There are countless options out there. A good dental broker will also have industry connections in their pocket that they’ve developed and cultivated over the years that you’ll have access to. Use these dental connections to streamline the process and find the right fit for you and your needs. By partnering with a practice broker, you’re tapping into their connections and expertise to make your life easier.

You Don’t Know Your Goals

If you’re contemplating selling, you probably are visualizing the sale of the practice as the ultimate goal. These decisions can significantly impact your careers and future professional trajectory. That is sometimes the case, but we encourage you to consider WHY you want to bring a dental support organization on board. Are you selling your dental practice to retire? Are you looking for support on the administrative side of your practice but want to retain decision-making rights on certain key business calls like staffing? Do you want to only practice dentistry and don’t need to retain decision-making powers in the practice? Are you trying to leave dentistry entirely and need a large nest egg to finance your next endeavors?

These are all valid goals, but too many dentists try to sell their practice without understanding why they’re selling. Partnering with a dental broker gives you access to a team of trusted advisors who can help you think through your goals and then offer tailored recommendations accordingly.

You’re Having A Hard Time With The Entire Process

There are countless industry-specific facets when it comes to selling a dental office. Finding the right buyer who aligns with your values and professionalism is crucial for a successful sale. Everything from letters of intent to qualifying prospective buyers is a specific part of this process and one that you’re likely not very familiar with. Other documents, like asset purchase agreements, practice assessments, and draft contracts, also might be outside of the scope of your knowledge. A good dental broker will help you with these details and prepare you accordingly.

Inefficient Transitions

Inefficient dental practice transitions can result in a significant loss of value for the seller. This can occur when the practice is not properly valued, or when the transition process is not managed effectively. Dental practice brokers can help mitigate these risks by providing expert guidance and support throughout the transition process. They can also help identify potential buyers and facilitate communication between parties, ensuring that the transition is completed smoothly and efficiently. Additionally, dental brokers can provide valuable insights into the market, helping dentists make informed decisions about their practice. By working with a reputable dental broker, dentists can avoid common pitfalls and ensure a successful transition.

You Don’t Have The Time

If you had the time to immerse yourself in the practice transition process from the very beginning, you might be able to learn some of the nuances of how to sell a dental practice. The process to buy a dental practice involves numerous steps and can be time-consuming. However, this will require a lot of time, and it’s likely time you cannot spare if you’re trying to run a dental practice. The last thing you want is for your sale process to take longer than necessary because you don’t have the time to deal with potential buyers.

The simple fact of the matter is that correspondence with potential buyers, submitting paperwork, and sales strategy takes time. Many dentists just don’t have the time to dedicate to the sale process, and outsourcing to a dental broker might then make more sense. When you choose a dental broker, they are able to assume responsibility for the process. This dedicated expertise means that no balls are dropped and that your practice transition is prioritized without taking time and energy from your priorities.

Buying a Dental Practice

Buying a dental practice can be a significant investment, with many expenses incurred before closing. It is essential to work with a reputable dental practice broker who can provide guidance and support throughout the process. Dental brokers can help buyers identify potential practices, facilitate communication with sellers, and negotiate the terms of the sale. They can also provide valuable insights into the market, helping buyers make informed decisions about their purchase. When buying a dental practice, it is crucial to consider factors such as the practice’s financial performance, patient base, and physical assets. A thorough analysis of these factors can help buyers determine the practice’s value and make an informed decision about their purchase. By working with a reputable dental broker, buyers can ensure that they find the perfect match for their needs and goals.

You’re Building Generational Wealth

The sale of your practice is likely the biggest deal you’ll ever be involved in. Achieving success in the sale of your practice can significantly contribute to your financial future. If done correctly, you can leverage the sale of your practice to build a nest egg for your future and the future of your family. It’s imperative to have great representation at the table, however, if you’re trying to build generational wealth for your family. Securing 20-40% more on a practice deal could add a pretty penny to your nest egg and be that much more to pass on to your family. The right dental practice brokers will help you secure the best deal possible.

Benefits of Working with a Dental Broker

Working with a dental broker offers numerous benefits for dentists looking to buy or sell a dental practice. These professionals bring a wealth of experience and knowledge to the table. One of the primary advantages is the expert guidance and support provided throughout the entire process. Dental brokers have a deep understanding of the dental industry and can offer valuable insights and recommendations to ensure a successful transaction.

In addition to their expertise, dental brokers have access to a network of contacts and resources, including dental plans and insurance companies. This network can be instrumental in finding the right buyers or sellers and ensuring that all aspects of the transaction are handled smoothly. Dental brokers can also provide valuable advice on practice management and operations, helping dentists to optimize their business and make informed decisions.

Another significant benefit of working with a dental broker is the time-saving and stress-reducing aspect. By handling the complexities of the transaction, dental brokers allow dentists to focus on their patients and practice. This dedicated expertise increases the chances of a successful transaction and ensures that no details are overlooked.

Dental brokers also bring improved negotiation skills to the table, ensuring that dentists get the best possible price for their dental practice. With their knowledge of the dental industry and experience in handling transactions, dental brokers can secure favorable terms and conditions for their clients.

Finally, client testimonials and references provide peace of mind and confidence in the broker’s abilities. Knowing that other dentists have had successful experiences with the broker can reassure dentists that they are making the right choice in partnering with a dental broker.

Contact Triumphant Partners, Dental Brokers

Selling a dental practice is complex, but it doesn’t need to be difficult. We provide updates and important information via text messages to keep you informed throughout the process. The right dental broker will help you sell your first dental practice on your terms, above asking price, and fast! If you’re interested in achieving your career goals, contact Triumphant Transition Advisors today!

We’re here to help you…

  • Evaluate Your Practice

  • Discuss Your Goals

  • Present Your Practice To Our Private Buyers Network

  • Qualify Buyers

  • Equip Your Attorneys With Pertinent Documentation & Data

  • Negotiate Final Sale On Your Terms & Price

Contact Triumphant Transition Advisors For Your Courtesy Consultation!

What’s the Difference between a DSO & a DPO?

If you’re researching how to sell your dental practice, you’ve likely seen the terms “dental partnership organization” and “dental support organization” come up. You may even have contacts at various organizations or know colleagues who have connected with one of them.

 As you’re navigating the dental practice sales process, you might wonder what the difference is between a dental support organization and a dental partnership organization. The differences between the two may seem small, but they can impact your satisfaction as a dentist. Dentists who don’t research the difference between the two do so at their own risk. Selling to the wrong organization could be a disaster for your career and have a detrimental impact on your business satisfaction. 

The dental practice transition advisors at Triumphant Partners are here to help you answer these questions and determine if a dental support organization or dental partnership organization would be your best business partner. 

Differences between Dental Support & Dental Partnership Organizations

Ownership

Generally, a dental partnership organization will grant the selling dentist greater ownership within the practice. Profit-sharing models are more common in dental partnership organizations. Dental support organizations are an excellent option for dentists who want to have some distance from the ownership and business direction of the practice.

Suppose you want to be in the driver’s seat within the practice and are hoping for the best financial deal possible. In that case, you likely want to primarily field offers from dental partnership opportunities. 

Relationship to the Parent Organization

Dental partnership organizations allow the selling dentist to retain practice-level ownership. Even when a dentist sells their practice to a dental partnership organization, they retain a minority ownership of the practice, the very same practice they’ll be operating and seeing patients in. Profit distribution and equity are vested at the practice level, and if you’re a dentist who wants to control your situation, this can be a great way to bet on yourself. When in a situation with the right dental partnership organization, you’ll reap the benefits of your work, which is always great. 

Dental support organizations, on the other hand, usually operate using the 100% sale model, and profit-sharing is much less common. Equity is generally vested in the organization’s collection of practices, not your specific practice. DSOs are great for dentists who don’t want to be in the driver’s seat but don’t offer the same financial incentives as DPOs. 

Decision Making

DPOs tend to preserve the clinical autonomy of the dentist, and the dentist tends to retain a greater degree of control over the routine decisions of the practice. The dentist will have much more say in hiring, firing, strategic direction, and other routine business decisions within the practice. For many practitioners, this is a fantastic option that allows them to grow their practice, better tend to patients, and retain control of the direction of the practice. For others, focusing on patient care while allowing the dental support organization to manage the practice is a better trade-off. 

Is a DSO or DPO Better for Me?

You might wonder which of these organizations is right for you as a dentist. There are, of course, some overarching trends that might be helpful. Generally, dental-support organizations subsume most decision-making authority within the practice and let the dentist focus on patient care. Suppose you’re a dentist looking to merely tend to your patients and want your partner to own the practice’s strategy, procurement, and hiring. In that case, a dental support organization is likely a good option.

However, if you want to remain involved in the practice’s leadership, ownership, and direction, a dental partnership organization is likely a better fit. You’ll retain much more of a voice in the practice’s future while benefiting from an external partner for capital, expertise, and economies of scale. That’s a tantalizing offer for many dentists.

It is worth noting, however, that each situation and practice sale is unique. Your particular goals, practice culture, practice values, and desired terms all significantly impact which option is right for you. Without a detailed consultation and assessment of your practice, offering a tailored recommendation and strategy for your specific needs is impossible. 

If you are trying to determine if a dental support organization or dental partnership organization is right for you, call Triumphant Partners today!

How to Sell Your Dental Practice In 2024

Dentistry can be a challenging industry. Many dentists have poured countless hours into their careers to reach the point of owning a dental practice. 

You’ve invested an immense amount of time, from undergrad to dental school and beyond, to get here—and now, you might be wondering how to effectively sell your dental practice. It’s not an easy feat, but it is a worthy one. Selling your practice to the right buyer can be an excellent springboard to the next step in your career, whether that’s retirement, growing your practice, or finding a better work-life balance.

However, it’s not as simple as posting your practice online. You’ll need to ensure you’re selling to the right buyer, which isn’t always easy. This is one of the most significant career decisions of your life; the stakes are high. To help demystify the process and guide you through selling your dental practice, the transition experts at Triumphant Partners have put together this step-by-step guide. Read on to learn exactly how to sell your dental practice.

Know Your Value

Knowing the value of your dental practice is the first step in the process. Without an accurate understanding of its worth, you won’t be able to evaluate offers from interested buyers effectively. You might relate this to selling your house – before beginning the process, you must first know its value. Determining this value can be difficult, but just as with your dental practice, it’s critical that you get the assessment correct. If you don’t, then you could be drastically underselling your practice – or, in the case of this example, your house. 

Even if you think you “know” your practice’s value, it’s wise to return to this and reassess. Many common valuation methods might undervalue your practice or overlook relevant aspects that make it more enticing to a buyer. Your dental practice is complex; estimating its value accurately is equally complex and an essential step before you sell.

Know Your Goals

The dollar value of your practice is, of course, important, but every dentist is different. The right business deal for one dentist might be a poor fit for another. That’s why it’s critical to clarify your goals and assess prospective offers against them. Would you prefer to work with a large organization with ample resources and strict processes? Or would you rather have more day-to-day flexibility? Knowing your goals helps you better understand your ideal outcome and adjust your expectations accordingly.

Know Your Preferred Buyer

Any good marketer knows their target demographic when launching a new product. They can describe the demographic and socioeconomic details of their buyer, their motivations, pain points, and potential objections. This detailed ideal customer profile helps the world’s biggest brands understand buying behavior and tailor marketing to attract potential buyers.

While you may not need to know all the specifics that a Fortune 500 company does, you should have a clear idea of what is and isn’t a good fit for you as a seller. For instance, if you want substantial flexibility, many dental support organizations might not be suitable for you. Conversely, a dental support organization could be a great fit if your focus is primarily on patient care and outcomes.

Know Your Advisor

A trusted dental practice advisor is invaluable to the sale and transition process. You may know the dental industry well, but the ins and outs of practice sales and transitions are a different realm. An industry expert with strong business relationships and deep familiarity with practice transitions is a valuable resource. If you’re looking for a dental practice transition advisor, look no further than Triumphant Partners!

A dental practice transition advisor can:

  • Help You Develop Your Ideal Customer Profile
  • Evaluate Your Practice Finances & Assess Its Value
  • Screen Potential Buyers & Assist with Drafting Letters of Intent
  • Keep You Abreast of Market Trends
  • Inform You of Common Pitfalls in Deals & What to Keep an Eye Out For
  • Help Create a Full Auction and Bidding Process 

Call now for your courtesy consultation!

Common Mistakes Made When Selling A Dental Practice

When you’re looking to sell your dental practice, you likely have many questions, and rightfully so. Selling to the right buyer could be a significant next step in your career. Selling to the wrong buyer could completely upend your career and waste one of your greatest assets. 

A lot is riding on the sale of your dental practice, and this sale is likely the most complex, valuable, and intricate of your career. The stakes are high, and you can’t afford any missteps. 

To help you prepare, our team has compiled a list of common mistakes to avoid when selling your dental practice. Read on to learn more!

Mistake 1: Not Knowing Your Worth

Imagine trying to sell a car without knowing the approximate worth of the vehicle in question. You might be able to field quotes, haggle, and finalize a deal, but you’ve likely left money on the table by going in without a good estimation. The complexity and nuance of sales are bad enough when you’re selling a car; now, imagine what it’s like when you’re trying to sell a business with an existing client base, experienced staff, and high-end medical equipment. The potential for misquote or undervaluation is high. 

We always recommend getting an accurate practice valuation before fielding any inquiries. Trust us; you’re flying blind without knowing what your dental practice is worth. 

Mistake 2: Accepting the First Offer

Your first offer is likely not the best offer. This is particularly true if you’ve just received a cold call from a Dental Partnership Organization. The dollar figure of the deal offered might be enticing, but it’s likely not the fair market value of your dental practice. The fact that these DPOs are taking the time to cold call you is a sign that your practice is valuable. Don’t be tempted to bite at the first offer. Take the time to understand the value of your practice and screen a list of qualified and interested buyers. If you take the time to field several offers, the odds of selling your practice at your terms and for your ideal price point increase significantly. This is where trusted transition counsel can be invaluable. 

Your dental practice transition advisor will be able to help you gauge the many offers you’re considering and can even help you find new interested buyers. 

Mistake 3: Not Reading the Fine Print

Joining a Dental Partnership Organization or a Dental Support Organization isn’t just a question of dollar amount. Oftentimes, the terms of the agreement have just as much lasting impact on how you live and work with the organization in question. Details around who controls hiring and firing decisions, profit-sharing, and other key practice leadership elements can make or break your satisfaction with your new partner.  For instance, if you expect to retain control over staffing, you might be in for a rude awakening if your new partner has its eyes set on some hiring changes within your practice. That can sour your new business partnership and fast. 

Few things in life are as burdensome as a complex business partnership; make sure that whatever organization you sign with is the right partner for your unique situation. 

Mistake 4: Not Calling Triumphant Partners 

Selling a dental practice is challenging work and one that requires expertise, dedication, and skill. If you’re looking for a trusted dental practice transition advisor to help you navigate the complexity of the sale process, look no further than Triumphant Partners. Our advisors have a deep and intimate knowledge of the dental industry – knowledge that they apply to your case to help you sell your practice on your timetable and terms. At TTP, we offer:

  • Practice Evaluations
  • Access to Private Buyer’s Network
  • Help Screening Applicant & Drafting Letters of Intent
  • Pertinent Financial Documents to Equip Your Attorneys at Close

You need a dedicated and savvy dental practice transition advisor if you want to sell your dental practice on your terms and timeline.  Selling your dental practice can be complicated, but it doesn’t have to be with Triumphant Partners. Call now for a free consultation to discuss your needs further!