CTC Associates specializes in facilitating the unique and complex transition needs of dentists and other oral health care specialists. CTC Associates expertise is centered in practice sales, associateships, partnerships, office sharing arrangements, and the like. Whether you are interested in bringing on an associate, relocating or retiring–or if you are just looking to take your practice to the next level–trust CTC to provide you with the tools, information and guidance to make it happen and make it happen successfully.
Experience: CTC has facilitated the successful transition of nearly 600 dental and dental specialty practices during its 17-year history. A recent survey of past clients (both buyers and sellers) revealed that more than 97% were satisfied or very satisfied with the results of their transition. Consequently, all of those respondents indicated that they would recommend CTC Associates to a colleague who is contemplating a future transition of his/her practice.
Service: Your practice is likely the most valuable asset you now own or will own. Obviously when it comes to making a transition of your practice, regardless of the type, you need someone you can trust to provide you with honest, timely and professional guidance. We strive to provide you with everything you need to make your practice transition as easy and profitable as possible. Our goal is to provide you with the tools and knowledge to bring about a win-win transition, i.e., a transition that benefits both you and the other party.
We work closely with you, and any of your professional advisors, to ensure that your needs are well understood and that the proper strategies are implemented to meet those needs. We seek to mitigate your risk and tax liability while striving to provide with the best financial return possible. We are driven by a desire to develop and maintain an open, trusting relationship with you, and help you develop the same kind of relationship with the other party. In short, we walk you through the transition process each step of the way.
It is this unmatched dedication to our clients that has earned us a favorable reputation and the recommendation of numerous clients. To that end, we are prepared to help you meet the most demanding transition needs with solutions backed by expertise, experience and personalized service.
An overview of the services we offer and the benefits these services provide you can be found here: Services
Value: We believe in offering services of great breadth and quality as well as a high level of integrity at a price that is reasonable. Most transition consultants or brokers take a commission equal to 10% of the selling price for practice transition services that amount to little more than appraising the practice and locating a buyer. Their fees can range from $25,000.00 to $50,000.00 or higher.
In contrast we charge the seller of a practice an all-inclusive flat fee of between $17,500 and $30,000 (depending on the size and difficulty of the transaction) to complete a practice transition. (In cases of smaller practices, our fee will always be the lesser of $17,500 or 10 percent.) This fee includes an initial practice appraisal fee of $2,500 and contract drafting fees of $3,500. The remaining sum is due and payable only upon completion of transaction and is usually paid out of the down payment on the practice.
Over the years we have found this particular compensation method to be the most appealing to our clients for a couple of reasons: First, since we are almost always retained to value the practice, charging a flat fee allows us to be unbiased with our appraisal. This unbiased approach earns credibility and trust from prospective purchasers. Second, many doctors believe the work associated with transitioning a practice is uniform regardless of the size of the practice. With certain exceptions, this is true, so why should a consultant be paid more just because the practice is selling for more?
For a list of other significant ways in which CTC Associates differs from their competitors, click here: How We Differ