The decision is made – you are ready to transition out of
your dental practice! You have spent
years working on growing your practice and making it the best it can be. There
have been ups and downs over the years, but this has been a major focus of
yours day in and day out and you are now ready to move on. You are probably thinking that now you can
relax a little bit – NOT YET!
Now more than ever, it is important to concentrate on
keeping production numbers up. This is
not the time to sit back and coast until the practice is sold. Once the
practice is listed, anyone interested in purchasing your dental practice will want to
see steady on steadily growing production.
They want to feel confident that they are purchasing a successful dental practice, not a declining one. In
addition, without knowing how long it will take to sell your dental practice, you will
also want to continue to have strong numbers so your profit margin remains
where it should be and you are continuing to reap the benefits of a strong
practice.
When the asking price of your practice is determined by your
broker, both the past and current numbers will play a big part in that
determination. With strong production/collection numbers and a solid patient
base, you will be able to realize the maximum value of the long-term investment
you have made.
For more information, email Ellen Dorner or call her at (800) 772-1065.
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