Selling a Partnership Practice

Which consultant in Dental Elite did you work with?

“During our sale we worked with Mr. Alastair Boothroyd.”

Was he is regular contact?

“He was always in regular contact, not to mention professional at all times.”

How did you find the bidding process?

“All in all, the bidding process was very smooth and we are very happy with the result.”

How did your completion price compare to your original valuation?

“Thanks to the location, high contract value and current state of the market, we were able to achieve a completion price that was over 30 per cent of the initial valuation.”

 What made you choose the offer you accepted?

“While the size of the offer was the primary reason we accepted the winning bid, it was the bidders profile that really sealed the deal – especially as they had been highly recommended by Alastair.”

 How quickly did you accept the offer?

“We accepted the offer the day after we received the bid.”

 Did you have any confidentiality breaches?

“No none at all, everything was handled very professionally.”

 On reflection, what was the most challenging time of your sale?

“It’s hard to pinpoint a specific aspect of the sale as it was all challenging up until the exchange of contracts and the completion of the sale.”

 What advice would you give to future sellers?

“Our advice is be strong and be prepared.”

 Why did you choose Dental Elite over others?

“We met Dental Elite when we attended a course on how to prepare for a sale, which was co-organised by its practice sales and valuation team and our solicitors, and the rest, as they say, is history.”

 How far in advance of marketing did you have a valuation?

“As soon as valuation had taken place, our practice was put on the market – less than a month after, Dental Elite held the bidding process.”

 When did you tell the staff?

“After some discussion, we decided to inform the staff about a month after we accepted the bid, which produced a number of tears, but it meant that there was enough time for them to adjust to the idea.”

For more information contact Dental Elite. Visit dentalelite.co.uk, email info@dentalelite.co.uk or call 01788 545 900