January 8, 2018
The Best Way to Sell a Dental Practice
You have likely spent your entire career building a dental practice, but now you’re ready to move on. But selling a dental practice is much more than putting a “For Sale” sign on the curb. Selling your dental practice is one of the biggest moments in your career, and you only have one chance to do it right. Here is the best way to sell a dental practice.
Talk to experts
When determining how to exit your business to ensure you maximize your return on investment, a considerable amount of thought should be put into your efforts of selling your practice. Fortunately, you don’t have to take on the challenge alone.
Ultimately, the best way to sell a dental practice is to work with a highly experienced transition broker. Not only will they increase the probability of a smooth, successful transition, but they will also decrease the possibility of post-transfer litigation. Transition professionals are there to address your specific concerns and guide you through the entire process.
For years, Professional Transition Strategies (PTS) has been a trusted qualified dental transition company.
Sometimes dentists want to keep the news that they are looking to sell their practice under wraps to avoid alarming employees and patients. This is why we require all parties involved (sellers and potential buyers) to sign a nondisclosure agreement (NDA). Not only does this protect the privacy of the seller, but it also ensures a smooth transition for everyone.
Identify the accurate value of your practice
Because of our extensive portfolio of successful transactions, we are able to be your go-to resource for market insight, location assessment and practice valuation knowledge.
When working with PTS, one of the first steps you will take is to have a comprehensive practice appraisal conducted. This will determine ways to make your practice more valuable and, in turn, more profitable. We use the most effective way of calculating your practice’s worth by looking at certain factors and their impact on the business. Some of these factors include growth potential, reason for the sale and long-term trends.
Call upon past experiences
Our experts at PTS are extremely experienced when it comes to correctly structuring a sale. We have “been there and done that” so we know how to streamline the process. Yet, we recognize not every seller or dental practice is the same. We are able to call upon our past experiences to customize the transition process to best suit your needs.
Overall, the best way to sell a dental practice is to work with an expert transition broker. Our team at PTS is experienced, provides high-quality representation and is here to answer any questions you may have. If you are thinking about selling your dental practice, we encourage you to take a look at our complimentary e-book and contact us at any time.