Buying A Dental Practice: Buyins/Buyouts & Mergers

Next up I’ll talk about the “non-traditional” general dentistry practice and how you need to approach those situations. What do I mean by “a non-traditional general dentistry practice”? I’m referring to general dentistry practices that have developed somewhat of a specialty niche that they focus on within their general dentistry practice. This could be services … Continued →

Why You May Need to Sign a Non-Compete When You Sell Your Dental Practice

You already know that selling your dental practice will come with a lot of contracts to sign. Did you know that a non-compete might be among them? Unless your plans involve moving to a different state for retirement, expect the buyer to ask you to sign a restrictive covenant that protects his or her new … Continued →

Six Things To Consider When Selling Your Dental Practice

LOCATION When a potential buyer is looking to purchase a dental practice, the physical location is one of the first considerations. The dental practice location is comprised of not only the actual address but the demographics and population trends of the area. Your dental practice is strongly affected by changes in the area, whether it … Continued →

What’s Involved in the Dental Transition Process? Part II

            Work with your Dental Practice Broker Choose a broker that represents YOU.  It is important that your broker does only single representation.  A broker cannot fairly represent both parties when each party has different goals, i.e. the seller wanting to realize the most net profit out of the practice … Continued →

What’s Involved in the Dental Transition Process? Part 1

Be Ready To Transition The most common reason dentists decide to transition is because they are ready to retire. Whether or not this is your reason, you should begin the planning process three to five years before your target retirement date. Divorcing emotional attachment will help you make smart decisions and be ready to make … Continued →