Selling My Dental Practice…
If you’re seriously looking to sell your dental practice, there are a few things you must consider before moving forward. You may be wondering, “Is selling my dental practice going to be worth the effort?” When you take the right steps, it could be a good choice that will benefit you in a number of ways.
When thinking about this big step, you are sure to have a lot on your mind. At the forefront might be, “What are some things I must consider when selling my dental practice?”
Selling a dental practice must be an educated and calculated decision. Here are a few suggestions:
- How is the current practice doing?
Evaluating how well your current practice is doing will be a major factor when working with a company to represent your interests. Although you may have a number of reasons for selling, having a thriving business in place works to your advantage.
- What area is your facility in?
The location of your office can make a huge difference in the types of buyers you attract. Making sure it is in the best condition regardless of the area can also assist when selling your dental practice.
- Are you transitioning to another location?
You may be wondering, “When selling my dental practice, do I need to have the first property sold before I move?” Only you can determine what would be financially beneficial to you. If you are transitioning to another location and have not sold the practice, you will have a higher financial liability.
- What is your timeline for selling?
Knowing when you must sell your practice to keep you financially fluid is key. This should be communicated to the company you work with to make sure you are on the same page and they can work within your timelines.
Menlo Dental Transitions can help you when selling your dental practice. We understand the questions that may arise, and are ready to work with you to achieve your goals. Our solutions help you maximize your interests, both professionally and personally.
For more information on how we can assist in selling your dental practice, call us at Menlo Dental Transitions.