If you’re about to sign a listing agreement with a medical practice broker, you shouldn’t just be thinking about selling your practice: you need to be ready. Signing the agreement means you have decided you will sell and are fully committed to the process. There is no more batting around the idea or talking to colleagues about what they did. You’re selling.
Healthcare professionals often have a goal to own the real estate that houses their practice. If you have achieved this target and are now looking to sell your practice, you may be wondering how owning the real estate factors into the transaction.
Selling your practice is a milestone moment in your life. You have spent a career building up a healthy and successful practice and are looking for a buyer who will affirm the value of your work.
What you want determines how long it will take. One of the top questions we as health care brokers receive is, “How long will it take for me to sell?” The short answer is – selling your practice takes about six months. The long answer is it depends on what your goals are. Here are …
If you’re thinking about selling your medical or dental practice, it’s important to act quickly and get professional help from a broker. The longer you wait, the more money you could lose. Brokers understand the financial trends and can help you get the best possible price for your business. They will also navigate the stressful process and advocate on your behalf.
If you want to sell your dental practice for a top offer, you need to keep in mind various principles depending on if you are making a doctor-to-doctor sale or selling to a Dental Service Organization (DSO).
Do I need to hire a local broker? It depends on who you are selling your practice to.
A good broker seeks to proactively offer a complete picture of the practice, in an effort to establish trust and credibility with the buyer early on in the process.
A sale can absolutely be kept confidential. Here are details on the “how” and the “when” you can share the transition details in a way that makes the most sense for your practice staff.
Determining the best fit for your upcoming practice transition. Have you hit a stride in your practice and are in the first-rate category of being able to consider selling your dental practice? You should know that such a practice transition requires working through priorities and values that are often deeply personal. In this article, we …