Selling a dental practice – top 10 keys to maximizing practice value

487 views

Published on

http://dental-sales.com/2012/08/selling-a-dental-practice-%E2%80%93-top-10-keys-to-maximizing-practice-value/
(512) 900-7989
SELLING A DENTAL PRACTICE – TOP 10 KEYS TO MAXIMIZING PRACTICE VALUE

Published in: Health & Medicine, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
487
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
10
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

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

×