Have a question, don’t panic, we’re here to help.
Q. I am an existing associate dentist, can I become a partner?
A. Absolutely! As an associate dentist, you can choose to become a partner with us. You do not need to be an existing practice owner to become a partner with us.
Q. I own my own practice, can I still become a partner?
A. Yes you can. Your options are that we buy a new practice together separate to your existing one, or we buy into your existing practice. We can discuss these options over a simple phone call.
Q. I want to become a partner, but I don’t have the full finance. What do I do?
A. Don’t worry, relax! We can offer you flexible share options ranging from 10% to 50% to the value of your investment. You then have the option to buy further shares up to 50% in the future.
Q. What if I want to sell my shares in 12 months?
A. You can! There is no tie in so you are free to sell your shares whenever you want. The share value would be at market value. Vice versa, if you wanted to buy the Synergy shares, we can discuss this over a coffee!
Q. Will you help me with arranging my finance?
A. That’s what we are here for! We have relationships with the main high street banks as well as independent agencies to help you secure your finance. We will start with establishing the level of funding required and then make the arrangements for you.
Q. If I want to invest in a second practice, can I?
A. That’s the spirit! We would like you to be motivated enough to see the sky as your limit. If after the first JV practice, you want to invest in a 2nd practice, this is what we encourage. There is no limit in the number of practices you can invest in. The only limitation, is how hungry you are.
Q. Do I always need to work in the same practice?
A. it is sensible to create a base within 1 practice. If you decide then to invest in a 2nd practice, it would be wise to maintain presence in the 1st practice and offer some sessions in your second practice. This is to allow associate dentists to be supported and settle in. We would create a business development plan for you allowing you not to spread yourself too thin. Our approach is to ensure stability and growth for both yourself and our JV practice.
Q. What if I want to take a step back from clinical dentistry and continue to run the JV practice?
A. We refer to this as your financial freedom! You are at a point that you don’t need to work and practice profits allow you to earn a healthy living. So yes, you can. If this is your goal, our business development plan will be tailored to make this into a reality for you.
Q. Will I have any management responsibility at the practice level?
A. That’s what we are here for. We have a strong in practice and central operation team allowing you to concentrate on your clinical dentistry – what you are trained to do!
Q. I have a location for a new squat practice, can I still partner with you?
A. Yes you can. We will undertake a mapping exercise and needs analysis and establish whether the location would be good for a new squat practice. Arrange a call and let’s have a chat. You don’t need to disclose your location until you want to.
Q. If I want to buy the freehold myself, is this an option?
A. If any of the locations have a freehold purchase option, then yes you can.
Q. Will I expect a year on year increase in practice Turnover and Profits?
A. We can base this on our performance to date with our existing practices. Our partner practices have demonstrated a year on year increase in Turnover and profits. We expect the same for yours.
Q. Can I set my own patient fees?
A. We recognise that not all circumstances are the same and not all locations warrant the same patient charges. We would therefore build this in the practice development plan.
Q. I want to become a partner, what do I do?
A. Simple – get in touch. Call, email or complete the form and we’ll arrange to call you back.