Cliff's Notes

Starting to think about selling your dental practice? What’s the 1st step

There comes a time in every great athlete’s career when it’s time to walk off the field. Decades of commitment and sacrifice to achieve the success and financial security for your family. Now it’s getting time to plan on turning the page and moving on, but where do you start & what can you expect?

When planning on selling real-estate there are some universal basics that we all know. A real-estate broker can help you find a qualified buyer among the hundreds of people that are searching hundreds of listings. However, a private dental practice is different. It’s an on-going healthcare business and a discontinued item! Yes, that’s right, “a discontinued item”, but that’s another discussion. Today, it is a seller’s market for most situations and that may continue for some time. So how do you take advantage of a bullish market? Talk to a dental practice broker?

What about dental practice brokers? What do they do? Do you need one? Maybe, or maybe not. Unlike the real-estate market there is a much smaller field of active, qualified buyers. Identifying the serious buyers from the ones just looking for a deal is the hard part but can easily be controlled. However, if you want someone to do all the work for you, it will cost 3%-15% of the selling price depending on how much work you need the broker to do. Also, there are dozens of dental practice brokers available, who do you use? Did you know that you don’t need a license to be a dental practice broker? Can you do this work yourself? Yes, with the right planning and a little more involvement you could save a lot of money.

You don’t know what you don’t know. A one-hour non-committal conversation is
all you would need to understand the best direction to go. It all starts with what
you want, when you want it and how much you want to be involved in the transition.

Prior to any conversation, a signed non-disclosure agreement will always be
supplied.

For more information and a 5-minute chat to schedule a time to speak, please call, text, fax or email:
Cliff Marsh
(Mobile) 201-321-7494
(Fax) 201-262-2210
(Email) cliffmarshsmile@gmail.com

June 14, 2022 - Posted by Cliff's Notes Blog | Uncategorized