What we do

What We Do

That’s perhaps the key question that drives our daily decisions: not just who we can serve, but who we serve BEST?

For Project Funding, please visit our site at 5th Avenue Capital Corporation here.
 
Our Significant Heritage of Medical and Dental Practice Transitions. . .
 
We also serve open minded Doctors and Dentists who want to make a change. They may want to sell their practice or buy a practice, but they have one thing in common, they want things to get better. That’s what we do. We take a situation that has promise and connect the right relationships to turn it into a dream come true. The interests and passions of the seller & buyer drive us.
 
Now we don’t do this for just anyone or for any type of business. We are specialists. We focus on the Dental, Veterinary, Ophthalmological, and Plastic Surgery practices who need to grow or need to change. Here’s a great profile to start with: an existing dentist or veterinarian that is wanting to retire, has a health challenge, going through a transition, or is looking to add on a partner and sell off part of his practice. We simply call them sellers. They have an asset of value and are ready to make a change.
 
Of course there can be no sale until there is a qualified buyer. The buyers we serve best have been an associate at a practice for at least 2 years and may not be happy with the amount of hours he/she has to work. On top of that, they are probably not happy with the pay. This is an individual who is motivated to be in business for themselves. They are itching to do things better and make their mark.
 
A Seller or Buyer finds our website through various means of optimized advertising and marketing.  This site truly communicates that we understand their needs and have a great track record in making win/win transactions. Our site is designed for one purpose alone: to convert leads into satisfied customers. Because of this, the normal “brochure” approach is replaced with a strategic micro site that filters out people who are not our target market. It also helps to educate our clients on our process and the system we use to ensure satisfaction. As they read a true example in which they can envision their own success story, they are instilled with confidence and fill out the “Buyer or Seller Registration” and sign our Representation Agreement and fax it back to us. A Practice Valuation Questionnaire is automatically emailed to the Seller, and a Confidentiality Agreement is emailed to the Buyer.
 
This questionnaire is a tool which continues to build a quality relationship demonstrating our professionalism and unmatched expertise. When they return this form, we contact the Seller and explain the detailed results of the Business Valuation and what optimal price their practice will list. But most importantly in this meeting, we are establishing trust and confidence in our approach to this transaction. They feel great in knowing we will handle all the details.
 
After our buyers sign a confidentiality agreement they can see the valuation and schedule a time to talk to the seller. We assist in negotiating a fair and equitable deal so that both parties win. In addition to this, we handle the financing as well. We continue to show our clients that we take care of every detail. To finalize the acquisition, 90% of the money is wired into the seller’s checking account and 10% is wired to us.
 
It is a win/win scenario for everyone! The seller wins because he is now able to retire and has seven figures in his account. The buyer wins because he is now making more money, working fewer hours and is now in business for himself or herself. The financial institution we use wins because every time they make a loan they list that as an asset in their balance sheet. Every one of our strategic partners wins because they are then able to do business with the new buyers:  for example, CPA, Attorney, Financial Planner, Practice Management Consultant, Public Relations, Banker.
 
And appropriately we win because we collect 10% of the total sale in exchange for our time and expertise in creating the entire package. We know the right questions to ask and our business valuation is certified for the dental, and medical industries.
 
Our focus is clear—and limited—and prioritizes some of the most neglected issues in an effective exit plan. Patience between all parties is important. 5th Avenue Acquisitions is held accountable in this regard by two specific board members. In this generation of instant food, instant information and instant messaging we must not forget the great virtue of patience. Patience is not procrastination or delaying an obligation; it is waiting for the right time. In the appropriate moment we will achieve better results and avoid many difficulties throughout the acquisition.
 
What Is Our Measure Of Success?
 
We love it when the Doctor and his spouse are excited about their new lives after the sale and they are sharing their plans with us. We create security and peace to those around us. If we are not patient, we can become arrogant and oppressive and we will not stimulate or motivate people. This can be expensive, and we will pay the price for our lack of patience. All we will receive back is opposition.
 
A successful transaction occurs consistently because we are able to discern the right time to act. Everyone should have the right to express their views, and we need to wait until the end to be able to see all the angles and decide what is right. Patience will prepare our own hearts as well as those with whom we are dealing. When a seller or buyer is hasty or pushy, we counsel them to stop and practice a little strategic patience. And accordingly, the acquisition flows more smoothly.
 
At 5th Avenue Acquisitions we serve open minded doctors who want to make a change. They may want to sell their practice or buy a practice, but they have one thing in common. . . they want things to get better. That’s what we do. We take a situation that has promise and connect the right relationships to turn it into a dream come true.