As you progress through your career, your circumstances and ambitions evolve and you may decide that selling your practice is the next logical step towards reaching your goals.
Whatever your motivation to sell your dental practice, you will want to ensure a smooth and seamless transition when having to deal with the process, so how can we help make sure this happens?
Simple – we take away the headaches involved in the process.
There is an old maxim that by failing to prepare, you are preparing to fail’ and planning the transition of a practice sale is no exception. Take the time to consult with experts who can help you prepare detailed financials and reports on staff, premises and equipment costings.
Build as much value into your practice prior to sale as possible by improving the décor, marketing effectively to new patients, having a fit-for-purpose website and being active on social media. Showing the financial stability and revenue streams of the practice can help increase the value too.
Your staff are valuable assets when it comes to the success of your practice, so it is vital to keep them informed about your plans to sell and minimise disruption through fears about their future. A happy team is an important part of any successful transition.
Finding the right buyer is crucial to the legacy of your business and your stress-levels. With our experience in buying and managing multiple practices, we will help guide you through the process and ensure that the result is a better experience for patients and a better work/life balance for you.