How to Go About Selling a Dental Practice
Do you want to buy a new dental practice? Or are you thinking about selling a dental practice? Whether you are transitioning a dental practice or building a dental practice, it can be overwhelming for you and your employees. Dental practice transitions are not easy and most times bring in new patients and new staff, which can add on even more stress. This video goes over the top tips for selling a dental practice. Now, let’s get into it.
Did you know that more than 26% of adults have untreated tooth decay in the U.S? This means having a functional running dental practice is key.
One tip to consider is not making any major changes to insurance prior to selling a dental practice. You want the changes to have time to show the buyer that what you implemented is working. Another tip to consider is owner discretionary expenses. You might run into a difficult situation of getting those things back when you’re selling your practice. The bank is going to assume that your expenses are for the benefit of the business, so make sure to clean up those expenses.
If you are looking for assistance during this process, working with ada practice transitions can be helpful.