Selling a Dental Practice – Top 10 Keys to               Maximizing Practice ValueAs practice brokers, we are frequently c...
Selling a Dental Practice – Top 10 Keys to                 Maximizing Practice Value After meeting with the doctor and rev...
Selling a Dental Practice – Top 10 Keys to                Maximizing Practice ValueUnfortunately, this decline in revenue ...
Selling a Dental Practice – Top 10 Keys to                 Maximizing Practice ValueTo prevent this mistake, it’s crucial ...
Selling a Dental Practice – Top 10 Keys to                 Maximizing Practice Value1. Start planning your practice transi...
Selling a Dental Practice – Top 10 Keys to                Maximizing Practice Value6. Clean up accounts receivable & credi...
Selling a Dental Practice – Top 10 Keys to                    Maximizing Practice ValueBy planning ahead and focusing on t...
Selling a Dental Practice – Top 10 Keys to         Maximizing Practice Value For more information about DentalPractices Fo...
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Selling a dental practice – top 10 keys to maximizing practice value

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http://dental-sales.com/2012/08/selling-a-dental-practice-%E2%80%93-top-10-keys-to-maximizing-practice-value/
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SELLING A DENTAL PRACTICE – TOP 10 KEYS TO MAXIMIZING PRACTICE VALUE

Published in: Health & Medicine, Business
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Selling a dental practice – top 10 keys to maximizing practice value

  1. 1. Selling a Dental Practice – Top 10 Keys to Maximizing Practice ValueAs practice brokers, we are frequently contacted by dentists who have an immediate need in selling a dental practice due to retirement, disability, etc. For more information about Dental Practices For Sale call our office at 210-737-0100 or visit our website at www.dental-sales.com
  2. 2. Selling a Dental Practice – Top 10 Keys to Maximizing Practice Value After meeting with the doctor and reviewing the practice financials, we often find that practice revenue and profitability have declined over the past fewyears due to various reasons such as the dentist cutting back his work schedule to pursue other interests, not actively marketing the practice or pursuing new patients, or referring out more procedures. For more information about Dental Practices For Sale call our office at 210-737-0100 or visit our website at www.dental-sales.com
  3. 3. Selling a Dental Practice – Top 10 Keys to Maximizing Practice ValueUnfortunately, this decline in revenue and/or profitability typicallyresults in a substantial decrease in the value and marketability of the practice that could have been avoided with prior planning. For more information about Dental Practices For Sale call our office at 210-737-0100 or visit our website at www.dental-sales.com
  4. 4. Selling a Dental Practice – Top 10 Keys to Maximizing Practice ValueTo prevent this mistake, it’s crucial for dentists to understand the keys to maximizing value when selling a dental practice: For more information about Dental Practices For Sale call our office at 210-737-0100 or visit our website at www.dental-sales.com
  5. 5. Selling a Dental Practice – Top 10 Keys to Maximizing Practice Value1. Start planning your practice transition 3-5 years in advance of sellinga dental practice2. Maintain/Increase Revenue3. Increase New Patient Flow4. Control Overhead – Profitability is a prerequisite for value5. Evaluate and raise your fee schedule as needed For more information about Dental Practices For Sale call our office at 210-737-0100 or visit our website at www.dental-sales.com
  6. 6. Selling a Dental Practice – Top 10 Keys to Maximizing Practice Value6. Clean up accounts receivable & credit balances7. Consider updating office décor & equipment8. Reduce discretionary write-offs on practice tax returns9. Have a contingency plan for death & disability10. Work with a local, reputable practice broker For more information about Dental Practices For Sale call our office at 210-737-0100 or visit our website at www.dental-sales.com
  7. 7. Selling a Dental Practice – Top 10 Keys to Maximizing Practice ValueBy planning ahead and focusing on these key factors, you can rest easy knowing that you will be in the position to maximize the value you receive when selling a dental practice.This article is brought to you by Mc Lerran & Associates specializing in Selling a Dental Practice in Texas. For more information about Dental Practices For Sale call our office at 210-737-0100 or visit our website at www.dental-sales.com
  8. 8. Selling a Dental Practice – Top 10 Keys to Maximizing Practice Value For more information about DentalPractices For Sale call our office at210-737-0100 or visit our website at www.dental-sales.com
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