Broker
Resource Library: Selling
Prepare your dental practice for sale and attract the right buyers at the right price.
-
Timing the Market
Why 2017 Might Be THE Year to Consider Selling Your Practice As practice transition specialists, we are often asked “Is now a good time to sell my dental practice?” While there are many factors involved in making the decision to transition your practice, the short answer is YES. The current practice transition environment features several… -
The Critical Steps in Selling a Dental Practice
The sale of a dental practice is one of the most important events in your professional career. If handled properly, it should be a rewarding and profitable transaction for all parties involved. To ensure a successful transition, it is important to follow these crucial steps: 1) Begin the planning process three to five years in… -
Making the Decision to Sell Your Practice
Making the decision to sell your dental practice is one of the most important decisions you will make in your professional life. Therefore, it is imperative that you put a great deal of thought into when and how you would like the transition of ownership to occur. Here are some of the key considerations you… -
Hiring the Right Dental Practice Broker
Selling a dental practice is a huge life event for a practice owner and will have a significant impact on your financial stability and quality of life after the sale. In previous articles, we discussed the reasons for hiring a dental practice broker and their role in the transition process. While it is important to… -
Buyer Hot Buttons
Our preferred strategy to maximize practice value and reduce the stress and time required to sell a dental practice involves addressing common issues that buyers are focused on before the practice is placed on the market. In this article, we will review the practice attributes that today’s buyers are paying close attention to – their… -
Update: Dental Practice Sales in a Post-COVID Environment
Like most dentists, we were holding our breath in April of 2020 anxiously waiting to see what the dental industry and practice transition marketplace would look like when we emerged from the COVID shutdown. How long would the shutdown last? Would patients feel comfortable returning to dental offices when they re-opened? Would there continue to… -
Preparing Your Practice to Sell
Whether you are approaching retirement age or just thinking about a transition, there are several things you can do to prepare your practice to sell, eliminate headaches, increase your sales price, or reduce your costs. Here are a few tips: By focusing on these items in the coming years as you near retirement, you will… -
FAQs on COVID’s Effect on Practice Values and Sales
Dentists are now fully back to work with some restrictions due to COVID-19. The COVID shutdown, the new requirements, and other changes have caused dentists to have a lot of questions on their minds. The questions range from Human Resources related questions to questions on selling their dental practice. While we are not HR experts,… -
- DSO
- |
- Essentials
- |
- Selling
Pros and Cons of Selling Your Practice to a DSO vs. an Individual Dentist
One of the hot topics in dentistry today is the onset of corporate dentistry or Dental Service Organizations (“DSOs”). It is estimated that nationally, 15-20% of all practicing dentists are affiliated with DSOs. That number is closer to 4-7% in the New York area but growing. Corporate investors such as private equity firms realized that… -
Practice Appraisals
PRACTICE APPRAISALS require the collection of volumes of information in order to properly analyze and assess the value of a dental practice. It is not only important in order for the appraiser to form an opinion, but also for the potential buyer to properly evaluate if the practice is a good fit. In performing an…