To both the seller and the buyer, the practice valuation (or, appraisal) is perhaps the first important step in the practice transition process. Our knowledge and experience make the difference in the end result.
Marketing Your Practice
Pricing the practice is just the beginning. When warranted, The Almonte Fallago Group can provide you with recommendations about what steps may be needed to make your practice more marketable.
Negotiating & Facilitating Your Practice Sale
The Almonte Fallago Group attorneys work as facilitators to assist you and your advisors in structuring the terms of the transaction.
Real Estate Sale
We are licensed real estate professionals and Realtors and can assist you in the selling of your real estate. We will discuss with you the best approach to take on the sale of your real estate and whether it makes sense to sell the real estate as part of the practice sale or to enter into a lease. Our knowledge of the loan process for real estate and in-depth experience enables us to guide both the buyer and seller.
Our knowledge of the loan process and in-depth experience enables us to guide buyers to the right lender to fit their needs. And also allows us to assist an established practice with refinancing options.
Legal Representation (sellers)
We provide legal representation in transitions where we are not acting as a broker. We have extensive legal experience respecting partnership buy-in or buy-out, as well as outright sales or purchases.
Pre-death And Disability Transition
Once you turn the age of 50, it is highly recommended that you do pre-death and disability planning to assure your family of the stability of your practice and it’s value.
From the moment we bring a buyer and seller together, we begin to work closely with the seller and buyer on the transition process to ensure that it is smooth and successful for everyone involved.
We provide an opportunity for employers to meet an associate candidate through our job postings. You are free to review the positions posted or post a position wanted and we will put the parties in contact with each other. All identities remain confidential pending authorization by the respective parties. There is no fee charged for placement of an associate.
It is fortunate that today bank financing is widely available for both practice acquisitions and real estate purchases. It is a good idea to get PREQUALIFIED for your purchase in advance as many sellers will not entertain an offer without a pre-approval.
You should ask the lender if the credit pull is a ‘hard’ pull or a ‘soft pull’. A hard pull can negatively affect your credit score, whereas a soft pull on your credit will not.
Both Jean & Paul were extremely helpful in the initiation, valuation, and evaluation of the practice and buyer. The fact that I had a choice of buyers made me feel comfortable at picking the right dentist. Considering babies born, health issues on your side, COVID, quarantining, etc, and the nutty PPP escrow, I think all went well! Stay safe and much success in the future!
Thanks Jean and PaulMichael Santacroce DMD
I first met Jean and Paul 3 years ago, when thoughts of transitioning were just beginning. They developed a plan and I followed it with continual guidance. When the time came to list the practice, multipole meetings were held on two consecutive days. The result was multiple full price offers on the first weekend of listing. The overall process was handled with experience and professionalism. On a side note, I purchased the practice 30 years prior through the Almonte Group as well. I highly recommend Jean and Paul of the Almonte Fallago Group.Guyle Morris DMD
As a buyer, I cannot thank Jean enough for what she did for me during what could have been a challenging process. She provided clear guidance and recommendations for my partnership buy-in which itself can be harder to tackle than others. I would recommend Jean to my colleagues without any hesitation.Rui Ma DMD
I would urge anyone to utilize Jean Fallago and her team, whether you are selling, looking to acquire an office for expansion or if you are ready to dive into private practice for the first time. Jean will be sure to match you up, so that your future success will be certain and stress free.Elias Koutros DDS
Looking to buy, sell, or partner in a dental practice?
Benefit from the experience and expertise of The Almonte Fallago Group.