Every dental practice has a premises to operate out of that they either own themselves or lease from the premises owner.
Every dental practice has a premises to operate out of that they either own themselves or lease from the premises owner.
One of the most common questions that we get from people when they hear what we do is:
There are many misconceptions about the role that a deposit plays in a practice sale/purchase transaction.
What would happen if a terrible misfortune (health or financial) happened to you or a loved one that resulted in you needing to sell your practice in a hurry…
When you are selling your practice, signing the sale contracts is a milestone to be celebrated. It means that you’ve agreed with a buyer on all the variables involved in the price and terms of the deal.
Poker is unlike almost any other game, in that being successful is not just a measure of how you play the cards that you are dealt…being successful in Poker is also a measure of the cards that you choose NOT to play. Poker is a game that rewards players that know when to quit. You can see this in the fact that a professional poker player will only choose to play a mere 15-25% of the starting cards that they are dealt, while an amateur will choose to play over 50%.
All too often, dental practice owners only make the decision to sell their practice after several years of declining revenue and profit.