The Best Way to Sell a Dental Practice

You may have spent your entire career building your dental practice, but you’re ready now to move on to other ventures. Selling a dental practice may seem like a daunting task. After all, it’ll take more than simply putting a “For Sale” sign on the curb. Principal Dental Partners in Ohio is here to help you with one of the biggest moments of your career. Here are a few tips for selling a dental practice.

Talk to experts

As there are a lot of things to consider when selling a dental practice, it’s not generally a good idea to do it alone. The best thing to do is to work with a highly-experienced transition broker who can increase the probability of a smooth, successful transition and decrease the possibility of litigation after the sale. A trusted dental transition company like Principal Dental Partners can help you determine how to exit your business, ensure you maximize your return on investment, and offer other guidance through the entire process. All the while, we will ensure confidentiality, as we understand how sometimes, dentists do not want to announce that they are looking to sell their practice. All parties involved will be required to sign a nondisclosure agreement to protect the privacy of the seller and ensure a smooth transition.

Identify the accurate value of your practice

Our extensive portfolio of successful transactions gives us excellent market insight, location assessment, and practice valuation knowledge. One of the first steps to selling your practice will be conducting a comprehensive practice appraisal. This will help to determine ways to increase the value of your practice and therefore, increase your profit. We take many factors into account, such as growth potential, the reason for sale, and long-term trends.

Call upon past experiences

Because our experts are extremely experienced, they know how to streamline the process of correctly structuring a sale. We understand that not every seller, buyer, or dental practice is the same, but our knowledge base allows us to customize the transition process to suit your needs.

Our team at Principal Dental Partners provides high-quality services, whether it’s in helping you run a successful dental management service or in buying or selling a practice. We are proud to serve the dental professionals of Ohio, Central Ohio, Columbus, Dayton, and Cincinnati and we look forward to working with you.