Is it Time to Sell? | Dental Practice Sales Maryland
Dental Practice Sales & Transitions
If you’re thinking about dental practice sales in Maryland, is now the right time?
Although your dental practice is thriving, you are contemplating a life-changing decision and researching a dental brokerage. How do you know when it is the right time to sell?
When you sell your dental practice, there are many factors to consider. Our dental office broker in 21204 understand how the transition can be difficult and stressful. We have compiled a list of some of the most important factors to consider when selling your dental practice.
- It is best to sell your practice when it is at the peak of its value.
- Are you thinking about retiring or would you like the opportunity to work as an associate?
- Are you prepared for the financial effects of not owning your dental practice?
- Are you considering working with a dental brokerage expert, or would you prefer to handle the transition yourself?
- How would your staff fare if you sold your dental practice?
- Are you still interested in being involved in your practice’s future?
Most dentists who are considering selling their dental practices may not consider these factors when researching dental brokerages. The process takes a significant amount of time, and preparing yourself for the challenges ahead is crucial. Putting your heart and soul into building a successful dental practice is no small feat, and if you are considering selling, you should be sure that the time is right. Someone should prepare you for the emotional aspect of parting ways with one of your most prized possessions. Many dentists do not consider this when they begin to consider selling their dental practice.
If you choose to no longer practice dentistry, fully prepare yourself for the financial aspect of your future. Some dental professionals may choose to work as associates so they can continue to care for patients with whom they have built valuable relationships. As an associate, you may choose to work part-time and casually decrease your role within the dental practice over time, which may help with the emotional side of parting ways. Allow yourself plenty of time to transition from your role as a business owner and consider reaching out to other dental professionals who have sold their practice for guidance. Most importantly, be sure to take care of yourself, as this can be a difficult and overwhelming process.
However you choose to proceed with your practice as it relates to dental brokerage, keep these important factors in mind as you plan the future of your dental practice. When the time is right for you, we’re here to assist you during every step of the process. Please reach out to us to schedule a consultation at our dental brokerage office in Towson, MD.