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.
Buyers purchase a practice based on current economics. This valuation takes into consideration the overall health of the practice – due in large part to a strong company culture and good staffing.
Setting expectations for long-term and short-term gains when selling your practice.
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.
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).
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.
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 …
You’re ready to sell your practice, but what really happens once you close the deal?
When you’re prepared to sell your medical or dental practice, it’s easy to become overwhelmed trying to manage the sales process while running a daily practice. It may seem like a simple next step to field a direct offer from groups like Dental Support Organizations (DSOs) because of their streamlined approach to purchasing your practice. The simplicity of having a direct offer on the table may also seem compelling to you as a practitioner who does not have time to think about how to shop around for the best price.