Selling your dental practice can be scary, right? There are a lot of unknowns and little details in the transition process, and it can really become stressful at a time when you’re preparing to wind down, not spend even more time on your practice. As we approach Halloween and the season for “scaring,” we thought…Read More→
Tag: Practice Selling
Why Won’t My Dental Practice Sell?
Some dental practices are only on the market for a couple months when the ideal buyer comes along. As brokers, we advise selling dentists to prepare for a transition process much longer than that – up to a couple of years, depending on the situation. This is normal; but a practice that’s still sitting on…Read More→
Dental Practice Transitions: Why Sell If Not Retiring?
You don’t have to be retiring to sell your dental practice. In fact, N/L Transitions has helped many younger dentists who have years left in their career sell their practices. There is no singular model for a dental practice sale, and the seller can easily be a younger owner or a seasoned dentist. Here are…Read More→
To Sell, Or Not to Sell the Accounts Receivable
So, you found a suitable buyer for your dental practice. Congratulations! The hard work of identifying a successor is over. Now comes the tricky part: negotiating the sale. The total purchase price will typically include two numbers: one for your practice, and another for your accounts receivable. When does it make sense to sell the…Read More→
Buying a Dental Practice, There’s More To It Than Price-Part V: Buyins/Buyouts/Mergers & Special Situations
My past blog talked about non-traditional GP practices and how you should approach them, this blog will talk about the “large practice” GP practices and the various ways you’ll need to deal with them. What do I mean by “large practice”? The “large practice” is one which usually requires at least two dentists to handle…Read More→
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…Read More→
How to Increase the Value of Your Dental Practice Before a Sale
If you’ve been reading the blog at N/L Transitions, hopefully you know that the time before a dental practice sale is crucial. While some dentist owners may be satisfied with the status quo, eagerly awaiting their next step, you should take this opportunity to gear up your dental practice and increase its value. It might…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→
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→
Transitions Can Be Scary: Worst-Case Scenarios and How To Handle Them
Halloween is right around the corner, and that means trick or treating, ghost stories, and scary costumes. Selling your dental practice in the wrong way can be scary, too. Whereas ghost stories and scary costumes pass with the season, falling into a transition pitfall can lead to permanent and unpleasant consequences. These are some…Read More→