Dental Practice Transitions FAQ Draft

Smooth Practice Transitions: Your Ultimate Guide to Success

Welcome to our comprehensive guide on practice transitions – the ultimate resource for dentists looking to navigate the intricate process of buying or selling a dental practice. Whether you’re a seasoned practitioner ready to retire or a dental professional eager to embark on a new chapter, understanding the ins and outs of practice transitions is crucial for a successful outcome.

General Dental Practice Transition Information

Dental Practice Buyer's Information

Dental Practice Seller's Information

Interested in Selling Your Practice?
Call 949-548-4559 or email sales@firstchoicedds.com today!

General Dental Practice Sales Information and FAQs

In this guide, we’ll provide you with a step-by-step breakdown of each stage of the process, demystify industry jargon such as SDC (Seller’s Discretionary Earnings) and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), and address the most frequently asked questions that arise during practice transitions. By the end, you’ll have a clear understanding of what it takes to achieve a seamless and profitable practice transition.

Why You Need a Full Service Dental Practice Broker

Are you looking for a reliable and experienced dental practice broker in California to help with selling a dental office? Look no further!

Our full-service dental practice brokerage firm specializes in transitions in the Southern California region. We have the expertise to help you make the right move with your dental practice. With our experienced staff and comprehensive services, we can provide you with the guidance and support you need throughout the process.

Our team is dedicated to helping you get the best value for your practice and ensuring a smooth transition. We use our knowledge of the market and our in-depth evaluation process to provide you with a comprehensive assessment of your practice. We also provide personalized support throughout the process to answer your questions and provide guidance when needed.

Our commitment to our clients is to ensure that your transition is as stress-free as possible. With our expertise and comprehensive services, we can provide you with the confidence and peace of mind that your practice transition will be a success. Contact us today to get started!

Experienced Guidance

A full service dental brokerage will provide you with experienced guidance to ensure that your practice transition goes smoothly. We personally show your practice to interested parties and are there every step in the transition process.

Comprehensive Services

Full service dental brokerages offer comprehensive transition services, from financial and operational consulting to legal and marketing assistance.

Maximum Value

With our knowledge of the market, a full service dental brokerage will help you get the best value for your practice.

Transparency

A full service dental brokerage will provide transparency throughout the process to make sure you understand the entire transition. what are the top reasons to use a full service dental brokerage

Market Knowledge

A full service dental brokerage can provide you with up-to-date market information to help you get the most value for your practice.

Personalized Support

Full service dental brokerages provide personalized support throughout the process to ensure your transition is as stress-free as possible.

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Dental Practice Transition Process

A thorough evaluation of the practice’s financial, operational, and marketing performance is conducted. This includes meeting a First Choice Practice Sales Agent at the office you are interested in.

The sale price is negotiated through a broker and the terms of the sale are established.

The broker prepares any necessary legal documents for you to sign.

If financing is required, the broker can assist with financing options to cover the purchase price.

The sale is finalized through third-party escrow services and the new owner takes possession of the practice.

Speak with a Broker - 949-548-4559

Why is it Best to have a Dual Representation Broker?

Having a broker who represents both the buyer and seller in a dental practice sale can help ensure a successful and fair transaction. A broker who is familiar with both the buyer’s and seller’s needs can help facilitate negotiations and provide objective advice on the best course of action. This can help ensure that the sale is completed quickly and smoothly, and that both parties receive a fair outcome.

What is EBITDA and How is it Calculated?

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is a measure of a dental practice’s profitability. To calculate EBITDA, subtract the practice’s expenses (including salaries and overhead) from its total revenue. The remaining amount is EBITDA.

What does SDC mean in relation to a Dental Practice Sales?

SDC stands for Seller Discretionary Cash Flow. It is a measure of a dental practice’s profitability that takes into account the owner’s discretionary expenses, such as taxes, debt payments, and owner’s salary. To calculate SDC, subtract the practice’s expenses (including salaries and overhead) from its total revenue, and then subtract the owner’s discretionary expenses. The remaining amount is SDC.

Dental Practice Buyer's Information and FAQs

Featured Dental Practices For Sale

We provide personalized support throughout the process to answer your questions and provide guidance. Our knowledge of the market and in-depth evaluation process provide you with a comprehensive practice assessment.

Available

$ 199,000

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24 – 350 Riverside
Start from $ 199,000

Riverside Dental Practice Sale NEWLY REMODELED PRACTICE! STREETSIDE WITH EXCELLENT PARKING! GREAT SIGNAGE AVAILABLE!…

# : 2,000 sq. ft. # of OPS : 5 # of X-Rays : 2 # of Chairs : 5 Practice Type : Leaseholds
All PPO! Associate Run! Available

$ 760,000

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24 – 536 Orange
Start from $ 760,000

Orange Dental Practice For Sale ALL PPO & FFS! 10 CHAIRS!! FANTASTIC STREETSIDE LOCATION!…

# : 2,500 sq. ft. # of OPS : 10 # of X-Rays : 2 # of Chairs : 10 Patient Profile : ppo / cash Practice Type : General
Available

$ 460,000

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24 – 378 Riverside
Start from $ 460,000

Riverside Dental Practice For Sale GROCERY STORE ANCHORED RETAIL! GREAT AREA OF RIVERSIDE! CONSTANT…

# : 1,400 sq. ft. # of OPS : 4 # of X-Rays : 2 # of Chairs : 4 Patient Profile : ppo / cash / medical Practice Type : General
Available

$ 309,000

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24 – 304 Cathedral City
Start from $ 309,000

Cathedral City Dental Practice Sale NEWER PRACTICE & EQUIPMENT! BUSY RETAIL LOCATION WITH GREAT…

# : 1,300 sq. ft. # of OPS : 4 # of X-Rays : 2 # of Chairs : 4 Patient Profile : ppo / cash / medical Practice Type : General
All PPO! Available FFS!

$ 149,000

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24 – 314 San Bernardino
Start from $ 149,000

San Bernardino Dental Practice Sale ALL PPO! LOW RENT & GREAT RECALL PATIENT BASE!…

# : 1,500 sq. ft. # of OPS : 4 # of X-Rays : 1 # of Chairs : 3 Patient Profile : ppo / cash Practice Type : General
Available

$ 269,000

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24 – 214 Monrovia
Start from $ 269,000

Monrovia Dental Practice Sale STREETSIDE LOCATION WITH EXCELLENT SIGNAGE! 7 OPS! LARGE PRIVATE PARKING…

# : 1,824 sq. ft. # of OPS : 7 # of X-Rays : 3 # of Chairs : 7 Practice Type : Leaseholds
Available

$ 759,000

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24 – 364 Ontario Montclair
Start from $ 759,000

Ontario Montclair Dental Practice Sale STREETSIDE, RETAIL LOCATION! PRACTICE IS NEWER & BEAUTIFUL! 30+…

# : 1,150 sq. ft. # of OPS : 4 # of X-Rays : 1 # of Chairs : 3 Patient Profile : ppo / cash / medical Practice Type : General
Available

$ 139,000

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24 – 322 San Bernardino
Start from $ 139,000

San Bernardino Dental Practice Sale NEWLY REMODELED! BEST AREA OF SAN BERNARDINO – HOSPITALITY…

# : 1,732 sq. ft. # of OPS : 4 # of X-Rays : 2 # of Chairs : 4 Practice Type : Leaseholds
Available

$ 150,000

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24 – 578 Santa Ana
Start from $ 150,000

Santa Ana Dental Practice Sale CORNER LOCATION! LOW RENT! EXCELLENT AREA NEXT TO ORANGE…

# : 900 sq. ft. # of OPS : 3 # of X-Rays : 1 # of Chairs : 3 Patient Profile : ppo / cash / medical Practice Type : General
Associate Run! Available

$ 524,000

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24 – 538 Irvine
Start from $ 524,000

Irvine Dental Practice Sale BUSY, RETAIL SHOPPING CENTER! HIGH END DEMOGRAPHIC AREA! PRACTICE NEEDS…

# : 1,800 sq. ft. # of OPS : 5 # of X-Rays : 1 # of Chairs : 5 Patient Profile : ppo / cash / medical Practice Type : General
Available

$ 139,000

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24 – 360 Corona
Start from $ 139,000

Corona Dental Practice Sale RETIRING AFTER 38+ YEARS! GREAT RECALL, PPO PATIENT BASE! PRACTICE…

# : 1,400 sq. ft. # of OPS : 4 # of X-Rays : 3 # of Chairs : 4 Patient Profile : ppo / cash Practice Type : General
Available

$ 199,000

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24 – 501 Irvine
Start from $ 199,000

Irvine Dental Practice Sale PRIME RETAIL LOCATION! LOTS OF FOOT TRAFFIC! GREAT RENT FOR…

# : 1,000 sq. ft. # of OPS : 3 # of X-Rays : 3 # of Chairs : 3 Practice Type : Leasehold
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Dental Practice Seller's Information and FAQs

Dental Practice Evaluations

Dental practice evaluations typically involve a thorough review of the practice’s financials, including cash flow, profitability, and patient base. The evaluation also takes into account the practice’s location, equipment, and other assets. The evaluation may include a physical inspection of the practice and an analysis of the practice’s marketing and operational effectiveness. Finally, an evaluation may also consider the practice’s potential for growth and its competitive position in the market.

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How to Maximize Your Dental Practice Sales Price

A thorough evaluation of the practice’s financials, operations, and marketing performance will help determine the true value of the practice. Working with a Full-Service Practice Broker helps dentists determine a value.

Investing in upgrades to the practice’s facilities, equipment, and technology can increase the practice’s value. It is essential to speaking with a Practice Brokerto help your practice realize these investments.

An effective marketing strategy can help attract more interested buyers and generate more offers. Partnering with the right Dental Broker is essential to marketing the practice. At First Choice Practice Sales, we personally meet each dentist at your office.

A skilled Practice Broker can help maximize the sale price by strategically negotiating the terms of the sale.

The best time to sell a dental practice typically depends on the market conditions and the current state of the practice. Generally speaking, the market is most favorable when there is a high demand for dental practices and there are a limited number of practices for sale. In addition, practices that are well-established, profitable, and have a steady patient base are more likely to achieve the highest sale price. Speak with a First Choice Practice Sales Broker for a Free Practice Evaluation to understand your practice’ value.

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