Dental Transition Options: Reinventing Retirement

More dentists are approaching retirement with a different mindset. It’s no longer all or nothing: you can give up total control of running your practice but remain in the game, and on your terms. When you’re ready to step back but not actually ready to sell, there are two transition scenarios that many dentists have…Read More→

What’s In A Purchase Price

One of the most common questions we get at N/L Transitions is “What is my dental practice worth?” The answer is complicated and depends on so many factors, including many that are out of the dentist’s control. The simplest solution some use is to multiply the dentist’s net income by 1.5 times, or take the…Read More→

Selecting the Right Transition Team

As you prepare to sell your dental practice, it’s important to have a qualified, dedicated transition team at your side. Simply choosing general advisors regardless of their specialty may seem harmless. For some dentists, choosing a general transition team has worked out fine. For most, though, a transition team comprised of dental experts yields the…Read More→

Four Strategies to Quickly Increase Your Dental Practice’s Value

Although the right time to transition out of your dental practice is different for each dentist, the time of year does have an impact. Dental transition trends point to an increase in buyer demand early in the year. If your retirement funds are in order and you’re ready to retire, January may be an ideal…Read More→

Is Your Practice Ready to Start the Transition Process?

When the time comes for you to begin the transition process out of your dental practice, there are two parts to that decision.  The first is that you are ready to start the process because you are at a point in your life where you want to do all the things on your bucket list,…Read More→

New Year’s Goals

With every New Year comes the opportunity to make positive changes. During this time, many of us can start with a clean slate and make shifts in the way in which we operate both personally and professionally. Now is the time to set new goals or revisit goals from the past that got pushed to…Read More→

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…Read More→

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…Read More→

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…Read More→

Should Dentist Let Seller Carry Loan or Get a Bank Loan?

I am thinking about taking over a practice and the senior dentist said he would owner carry. Do you guys think that this is a good way to go rather than getting a loan through the bank? What would be a fair average interest rate should I be looking at? I’m guessing 6%. I would…Read More→

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