If you are ready to sell your practice – or even if you just want to discuss the possibility – schedule a time to talk with one of our practice transition professionals.
When you’re ready to move forward, they will provide you with a listing agreement that allows us to get to work selling your practice. This agreement sets some of the basic information, including the commission amount and the length of time we have to sell your practice.
The terms in our agreement are fairly standard. One question many dentists have is about our ‘tail’ agreement. This says that if any buyers that we introduce to your practice end up purchasing your practice up to 24 months after our listing expires, we are still owed commission on that deal. We didn’t have this tail in the past, and unfortunately we had two unscrupulous sellers who let us do the work setting a solid listing price, preparing their documentation for review, marketing their practice, and finding the perfect buyer – only for these sellers to purposefully let our listing expire before moving forward with the buyers we procured. Since we added the tail agreement, this has not been an issue.