Considering selling your dental practice? Make sure you follow these general rules for dental practice sellers to ensure you receive top dollar for your practice! Do keep good records and have them ready. A good set of books can significantly increase the chances of a successful and profitable dental practice sale and will speed the...
Read morePreparing to sell your dental office? Follow our 10 steps to ensure a successful Dental Practice Sale. 1. Prepare for the Transition to a New Owner & New Management When you make the decision to sell, start to prepare your practice for the new owner. Start putting things in order so the dental practice runs...
Read moreConsidering to sell your dental practice through a dental practice broker? Learn about the benefits of selling your dental practice through First Choice Practice Sales! 1. Confidentiality One thing that you can be assured of is the sale of your dental practice will be handled confidentially. We have safeguards and procedures in place to protect...
Read moreYour best guide for buying or selling a dental practice isn’t words on paper; it’s the competent presence of your First Choice Practice Sales Broker. Although First Choice Practice Sales Brokers generally represent the seller, the buyer also reaps the benefits of expert guidance. A practice broker provides vital services for both parties and acts...
Read moreSelling your dental practice is a major decision. You have devoted your time, money, and energy to building, running and operating your practice. It may well represent your life’s work. If you have decided that now is the right time to sell, you will want the very best professional guidance you can get. This is...
Read moreDoctors who decide to take advantage of a favorable market should act quickly to launch the selling process. There are vital steps to take – and crucial realizations to face – in preparing for this all-important transaction. Here are the first steps you should make when selling your dental practice: 1. Once you have made...
Read moreTiming is everything . . . when is the right time to sell? Many factors can lead to the sale of a practice; retirement, a new venture or business opportunity, or simply wanting a change. Dental Practice Sellers must allow for proper planning for a timely sale done at the most opportune time. Compelling personal...
Read more1. What is a fair price for a practice? Like any other product, a business is worth whatever a willing buyer will pay a willing seller in a free market. However, the value of most practices is determined by what someone can afford to pay for it. If the practice can earn the income you...
Read moreLooking at a dental office for sale? Preparing to purchase a dental office? Interested in learning from a Dental Practice Sales veteran? Your Southern California Dental Practice transitions experts at First Choice Practice Sales have developed a 20 step dental practice buying guide! With these 20 steps, our brokers are confident you will have the...
Read moreWhat Sellers Like To See Buying a practice is not easy; buyers have many questions and concerns. Likewise, selling a practice creates just as many questions and concerns for the seller. Buyers can often get a significantly better price and terms by being aware of the seller’s needs and removing some of their uncertainties. To...
Read moreWhat is an Offer? An offer to purchase is just that –an offer to the seller to buy their practice with terms, conditions, and contingencies you have specified. If the offer is not accepted within the time limit you set, your offer is void. Most offers are contingent offers—that is they become void unless certain...
Read moreThere are many complicated formulas and methods to determine the value of a practice, but in the end it is worth whatever a buyer is willing and can afford to pay. Buyer (market demand) has a significant impact on practice values. Practices in high demand, in strong and growing markets, enjoy higher earning multiples (multiple...
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