The Pre-Sale Program is designed for dental professionals who want to maximize the financial benefits of their practice while preparing for retirement or a career change.

Here’s a breakdown of how it works and its benefits:

Benefits of the Pre-Sale Program

1. Personal Freedom:
   • Continue practicing as desired, for a set number of years.
   • Eliminate overhead costs and free up time for other interests or vacations.
   • Explore new career opportunities without the burden of managing the practice.
2. Continuous Income:
   • Enjoy a steady income stream based on a fixed percentage of your practice’s collected production.
   • Continue earning even if you choose to reduce your working hours.
3. Practice Value Protection:
   • Sell your practice at its peak value, safeguarding against any future decline due to reduced clinical production.
4. Security:
   • Protect the value of your practice from sudden death or disability.
   • Ensure payments for the practice continue to you or your estate automatically.
5. Interest Income:
   • Convert your practice into an interest-bearing asset, boosting your passive income.
6. Confidentiality:
   • Keep the transaction confidential, presenting it as an association or merger rather than a sale.
   • Announce your retirement to patients at your discretion.
7. Transition:
   • Introduce a new professional to your patients well before retirement.
   • Ensure a smooth transition with a partner who will continue care, maintaining patient trust and satisfaction.

Steps for Completing the Pre-Sale Program

1. Personal Needs Analysis:
   • Fill out the Personal Needs Analysis form and schedule a consultation to assess if the Pre-Sale Program fits your needs.
2. Consultation:
   • Determine if the program is suitable and address any specific requirements you have.
3. Professional Practice Profile:
   • Complete and submit the Professional Practice Profile to Legacy Practice Transitions for a practice evaluation.
4. Practice Evaluation:
   • Legacy Practice Transitions evaluates your practice, establishes terms, and you sign a Seller Listing Agreement.
5. Purchaser Search:
   • Legacy Practice Transitions finds and screens potential buyers based on clinical and financial qualifications, personality traits, and alignment with the program.
6. Introduction and Negotiation:
   • Meet with the potential purchaser to discuss practice details. Financial and contractual queries are handled by Legacy Practice Transitions analysts.
7. Contract Drafting and Closing:
   • Contracts are drafted for review by each party’s attorneys. Necessary modifications are made. The closing usually occurs at the Legacy Practice Transitions office.

Final Outcome

• Gain a fresh perspective on your profession with the flexibility to choose how, when, and whom you want to practice with.
• Enjoy the benefits of increased personal freedom, ongoing income, and a smooth transition as you prepare for retirement or a new career path.

The Pre-Sale Program offers a strategic approach to managing the transition out of practice while ensuring financial security and personal satisfaction.

We’d love an opportunity to see how we can best support your legacy. To further discuss how we can customize the pre-sale program for you, please click here to contact us.