At KLAS we have well defined workflows to systematically guide both buyers and sellers from initial engagement, through closing and beyond. We understand the process can be stressful so we are right there with you managing the process from start to finish.
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Why partner with us for your Transition?
The KLAS Difference
We are results driven. Here is what sets us apart from the rest..
You will be surrounded by trusted experts with integrity
We work with partners in all facets of dental practice transitions and management to ensure we are able to support you whenever you need us. Some transition companies are solely focused on the practice transition and really do not understand the business of dentistry and how the real estate plays into the process of finding the right buyer and getting the most out of the time and investment you've made your whole career.
We engage in respectable deals only
We want Seller and Buyer to have long lasting rapport and trust through transparency and encourage Buyers to have good due diligence to mitigate dismay at the 11th hour. The Industry norm is to push deals through quickly without Buyer’s proper due diligence or even legal representation which creates tremendous liability for both Seller and Buyer.
Zero retainer or deposit fees
Put simply, there will be more money in your pocket when you partner with KLAS when buying your practice. The industry often charges $3k-$5k and up to as much as $10k just to engage Practice Transition services on the front end. Many will keep the retainer if a transaction does not occur.
Lower fee structure than our competitors
KLAS provides the most favorable and fair fee structure in the industry, equating to tens of thousands in savings to you.
We market our practice to qualified buyers only
We vet and then interview qualified buyers to ensure the right match and minimize risk of the deal not going through. Some competitors just want to close deals fast to get the commission regardless if it is a right fit for both sides.
100% of the transition process is managed by our team
Our team provides experts with financial, operational, legal and real estate expertise who all work together on your behalf to secure a transaction that meets your goals.
Transition Consulting Areas
Full Service Management from Start to Finish!
Sell your practice
8 Steps to Success for Sellers Program guides you from start to finish
Buy your practice
7 Step Buyer Success Program will make the process smooth and efficient
Assistance in navigating the process of establishing your first practice
Opening your first dental practice is one of the most significant transitions you’ll make in your career. KLAS Solutions Start-Up Program was developed to assist you in navigating the opening of you practice in the most efficient and cost-effective manner as possible. The information we provide with help build the framework for your success as a practice owner. In this workbook, you’ll learn the critical first steps to practice success:
• Defining your goals
• Developing a plan and timeline
• Managing your financial profile
• Selecting your “Team”
We provide you step-by-step guidance from our first conversation through the first year of ownership. Our goals are to arm you with proven information so you can begin this process with confidence. We have used this blueprint with our clients for many years with proven results.
Do your research and commit to the plan.
Being a business owner is a fulltime commitment that requires 100% focus and attention on the business. Be prepared to operate like a CEO not a dentist. As soon as you make up your mind to take this journey, start to explore the unknowns that lie ahead. As you filter through the advice and information, we suggest connecting with a consultant to help build a team of trusted advisers that we call the “Team”. If you are interested in hearing more about how KLAS Solutions can help, please contact us.
Where to Start
Much like building a home, any good business that is built for longevity is built with a strong foundation. We believe your vision of your business is the foundation by which all decisions are made about your business moving forward.
As a business owner, you will have the ability to take control of your life and professional schedule in a way you’ve never thought possible as long as you have a plan! Contact us and we will give you some ideas of how to develop the vision of your new practice.
Buyer Advocate Program
Research, evaluation and negotiation assistance
WHAT IS A BUYER’S ADVOCATE?
Making the decision to buy your first practice is a major milestone in a person’s business life, and one that no doubt fills the individual with equal parts excitement and pride. However, without professional assistance, those positive feelings can often quickly turn to anxiety and fear. After all, do you have an endless amount of time to scour through listings or see a practice through the proper eyes? Do you have the proper “due diligence” knowledge to view all the numbers correctly? The entire process can be an exhausting and emotional ride. Don’t let the experience of buying your first practice leave you with regret: instead, why not rely on the skills and capabilities of an expert who will have your best interests at heart?
Enter KLAS Solutions buyer’s advocate services. Many people ask, “What is a buyer’s advocate?” Simply put, a buyer’s advocate or consultant is a practice transition professional hired by a prospective buyer to research, evaluate and negotiate the purchase of a healthcare practice and the purchase of real estate or lease options. Unlike practice brokers who have the interests of the seller at heart, a buyer’s agent looks after you – the buyer. In an industry where the majority of services are designed to help the seller, KLAS Solutions wants you to know that there is someone in your corner and who will work for you.
WHAT DOES A BUYER’S ADVOCATE DO?
KLAS Solutions buyer’s advocate offers these services:
•We will search out practices that meet your criteria and assist in the purchase of that chosen practice and property for sale.
•We will assist in making sure the seller is being transparent with their information and assist you in understanding the “due diligence” of the practice.
KLAS Solutions will also assist in a BOV for the property or lease review. This brings us to our next question: “How much does a buyer’s advocate cost?” As there is much less involved in just bidding for the practice you want, as expected this type of service will carry a lower fee. On the other hand, for a full service that involves the research, evaluation, and negotiation of a property, you may expect to pay a flat fee.
Profile analysis, candidate search & due diligence
Leverage our Dental Network Connections to find an associate for your practice.
The KLAS Solutions team has worked with Dentists all over the United States. We have strong connections with those we have coached, helped with transitions or placed other associate colleagues. As part of our suite of consulting services we are in a good position to find you an associate or locate a practice to partner with if you are the one searching. Either way we can help, so reach out today to discuss!
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Transition Success Stories...
This could be you! Free initial consultation.
We covered a lot of items on this page. We are happy to discuss your transition needs and clarify any questions you may have. Please reach out to us via the form below or call us at 844-522-7100. We are looking forward to discussing your transition project.