You cannot always pre-plan the sale of your dental practice. Often fate intervenes and all the things you read about needing to do to prepare your dental practice for a sale simply can’t be done.
We have helped dentists sell their dental practice because they or a close family member has health issues. It maybe that a dentist has died or is going through a divorce. Whatever the reason for our client being in ‘distressed circumstances’ we are able to adapt to their circumstances and help.
Below is one such example of a dental practice sale which we helped secure for our client.
In this example I am really pleased to see how Abi Greenhough was able to focus on the potential of the dental practice to secure a great sale price. Abi demonstrated the skills and expertise required to overcome the challenges of managing a distressed sale.
These are Simon Bowen’s comments, post sale.
Following the tragic death of my brother-in-law, I had to take over the running of his dental practice and prepare the business for sale. I am the CEO of a nuclear fuels company and so was frankly clueless about what needed to be done.
On the recommendation of my specialist dental solicitor, I contacted Lily Head Dental Practice Sales. Abi Greenhough was assigned to my account she was superbly helpful. Abi was polite, professional and took charge of the process in a seamless fashion. The terms of the sale agreement between us and Lily Head Dental Practice Sales were covered quickly and were, in my opinion, a fair apportionment of fee versus risk if the sale did not proceed.
Buyers were quickly identified, and an offer made within a matter of a couple of weeks. The sale process was particularly troublesome due to the physical condition of the practice building. The lack of disability access and then the discovery of Japanese Knotweed. Abi was superb in keeping both parties engaged and applying the appropriate amount of encouragement to keep the sale on track.
The practice eventually sold and without Abi’s help this would likely never have happened. She and the broader Lily Head Dental Practice Sales business gave us a great service. I could not recommend Abi highly enough.
If you would like advice on buying, selling or financing a dental practice please Contact Us today.