Understand Your Options When Selling a Dental Practice
Selling a dental practice can feel daunting, but it doesn’t have to. The dental brokers with ADS Dental Transitions are here to help familiarize yourself with your selling options, conduct thorough research on your current market, and prepare your business for a smooth dental practice transition.
Why Sell a Dental Practice?
Selling a dental practice is a significant decision that dentists may face at different stages of their careers. Whether it’s retirement, a career transition, or pursuing new opportunities, understanding the benefits and considerations of selling a dental practice is essential. Some reasons why a dentist might decide to sell their practice are:
- Financial Gain
- New Opportunities
- Market Timing
- Practice Value
practice is right for you.
There are several dental practice transition options. Your options are
influenced by factors such as size, location, ownership and lease agreements, and overhead of your business.
ADS Dental Transitions dental brokers are your partners in identifying your unique needs and making selling a dental practice an easy process.
Types of Transition Options
The first transition option is selling your practice “turn-key,” and involves selling the practice and preparing it for immediate use.
Sell a Practice to an Associate
Another option is to hire an associate and set a date for the associate to purchase the practice in the future.
Become the Buyer’s Employee
With this option, you can sell a practice, then become an employee of the buyer.
Sell a Portion of a Dental Practice
You divide your business and sell a portion of your dental practice, and is suitable option for larger practices.
A broker can work with you to guide you to the help you choose the transition option that best fits your practice and prepare you to sell.
Our Services for Sellers
Get the best-in-class dental broker services for sellers from ADS Transitions.
- Information Gathering & Analysis
- Dental Practice Valuation
- Find Potential Buyers
- Negotiations & Contracts
- Mentoring & Advice
- Marketing your dental practice listing
Determine the Value of a Dental Practice
It is important to have an accurate practice valuation when selling a dental practice. A dental broker can value a dental practice and help you understand the financial state of your business. If your practice is valued too low, your practice will sell for lower than it may be worth. If your practice is valued too high, your listing can sit on the market for a long time.
Get a Dental Practice Valuation
To get a dental practice valuation, work with a dental broker experienced in dental sales to assess your practice. A proper valuation will involve answering questions about your practice including income tax information and other records to calculate the right price for your practice.
Once you’ve decided that a practice transition is in your future, get in touch with a dental practice broker to understand your options, determine the value of your practice, and prepare your practice to get the highest return.