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To whom it may
concern,
Over my nineteen
year career as a dentist, I have bought three separate practices.
I purchased my first practice with the help of a practice broker.
The practice that looked good on paper, but it turned out to not
be what it appeared to be. It took me several years to recover from
the poor advice and sales tactics that I encountered from a broker
that did not understand the practice of dentistry, but was more
interested in making a sale.
In an effort
to stabilize the first practice I bought, I negotiated the purchase
of a second practice on my own and merged it into the first. Having
had a bad experience with a broker, I handled the purchase on my
own but came to realize that my expertise was not suited for practice
transitions. It took me nearly seven years to build my practice
to be stable. It was almost like starting from scratch.
For the past
four years, I have been working with a large well known brokerage
firm looking for a practice I could own that would have associates
so I could lighten my schedule. I started to speak with Ken Rubin
about my goals and within a month, he showed me two separate practices
that would fit my needs. Ken was able to focus on my goals and give
me precise and valuable information on the practice that I soon
purchased. Kens knowledge of the practice dynamics and financial
stability lead me to the right decision in a short time.
The next dilemma
was what to do with my existing office. Ken and his team listed
my office for sale and before the advertisements even hit, he had
four doctors view my practice. I was able to sell my practice for
my full asking price, which was nearly 100% of my prior years
collections.
The comfort
of knowing that Ken and his staff took care of my practice, which
I worked hard to build to a quality office, put me at ease through
a process that I know can be difficult. I was even able to go on
a vacation, which was already planned, and have Ken and his staff
manage the deal in my absence. Ken and his team even handled the
seller of the practice I was buying, who turned out to be a very
difficult person to deal with.
Kens expertise
in both selling and acquiring my practices gave me a smooth transition
on what has been a challenge for most dentists I have talked to.
I wish I would have met Ken when I first purchased a practice, but
I am pleased that he was able to help me accomplish my goals.
Dr. Frank E.
Rafail
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