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.