Navigating Dental Practice Sales and Purchases with Confidence

The market for dental practices is still strong and practice ownership is attractive to most practitioners in the next stage of their careers. Whether or not you’re in the market for dental practice sales, it’s a process that is critical to understand if you want to make the most appropriate decisions for good fortune that lasts.

Why Consider Dental Practice Sales?

Established professionals have often spent years building and growing their practice, so selling a practice can be the conclusion of years of toil and dedicated service. Looking at selling your dental practice creates new opportunities for retirement, business ventures and finally just moving on without worry. A well-orchestrated sale keeps patients, staff, and the practice’s reputation in good hands and provides a financial payday to the seller.

Buying A Dental Practice Opportunity

For buyers, the opportunity to purchase a dental practice provides a massive head start to that of building from the ground up. When you buy an existing practice you buy an instant patient base, trained staff and a good will and name recognition in the community. This not only minimizes launching risk and barriers but allows for direct revenue and growth.

Keys to a Smooth Transition

Preparation and due diligence are key on either side, sellers or buyers. Practice Valuation, Financial Health, Patient Retention and Location all play various roles to some degree. Open dialogue and doctor’s advice can help avoid the process benefiting one party and provide continuity for patients. 

Final Thoughts

World of Dental Practice Sales and Purchases Your Practice of Choice 21 There are options to grow and transition in the Dental World of Sales and Purchases 22 AGD Impact // 2015 J ULY 23 FEATURE Practice owners: Have you considered including the words practice sale or purchase in your thoughts of how to drive revenue and reduce costs? As you come down the home stretch and prepare to sell the practice or buy one, careful planning and proper approach will make the path straight for many years of successful practice of dentistry.

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