Category Archives: Dental Practice Sales
How to Sell a Dental Practice in Eight Steps
Dentists wish to sell their practice for a number of different reasons, but this does not mean they always know how to go about it. While the process may seem daunting at the outset, preparing for the sale and taking on one step at a time can make it seem easier to manage. Below,… Read More »
Important Questions to Ask Before Buying a Dental Practice
It may make more sense for a dentist to purchase an existing dental practice that is being sold rather than starting on your own from the bottom up. Purchasing an existing practice can provide instant cash flow, existing support staff, and other benefits. However, buying an existing practice has its own potential drawbacks and… Read More »
How to Build a Network when Looking for a Dental Practice for Sale
Purchasing an existing dental practice offers many advantages compared to starting one from the ground up. While finding the right opportunity can take time and effort, understanding where to look and how to connect with potential sellers can make the process much smoother. Building strong professional relationships within the dental community where you plan… Read More »
Steps When Selling Your Dental Practice
Selling your dental practice requires careful planning, but you can get the best price and ensure a smooth transition if you follow a structured process. Whether you are selling to an outside dentist, a business partner, or an existing associate, you must follow many of the same steps. You can reduce the stress involved,… Read More »
What Factors Impact the Price of an Existing Dental Practice?
On average, purchasing an existing dental practice can cost anywhere between 60% and 100% percent of the practice’s collections for the prior year, depending on the practice quality, age, location, and other factors. The type of equipment currently being used in the practice is also an important factor when determining price. Some practices may… Read More »
What Factors Impact the Price of an Existing Dental Practice?
On average, purchasing an existing dental practice can cost anywhere between 60% and 100% percent of the practice’s collections for the prior year, depending on the practice quality, age, location, and other factors. The type of equipment currently being used in the practice is also an important factor when determining price. Some practices may… Read More »
Recent Dental Industry Trends
Over the past ten years, the dental industry has changed dramatically, and it will continue to evolve over the coming years. These changes present challenges and opportunities for dentists in all stages of their career. Below, our dental transitions attorney outlines the latest trends impacting the industry. More Dental School Graduates In the early… Read More »
Merging Dental Practices? How to Do it Successfully
Merging your dental practice comes with tremendous benefits. It typically allows you to reduce your costs and can increase dental care access to patients. Merging practices can also limit competition in the area and combined practices are often more lucrative than solo practices. However, any transition of a dental practice requires careful consideration to… Read More »
Drafting a Partnership Agreement for Your Dental Practice
Partnerships are very common in dental practices. A partnership is a business arrangement in which two or more individuals or entities are responsible for a business’ operations and share in the profits and liabilities of the business. Partners may sometimes enter into a verbal agreement but it is recommended that they draft a formal… Read More »
Do You Have to Keep the Same Structure When Buying a Dental Practice?
There are many things to consider when buying a dental practice. One of these is the business structure you choose. Contrary to what many people think, you do not need to use the same business structure the practice is currently using. However, choosing the type of business structure for your practice is of critical… Read More »