4 Common Questions Asked by Dentists Who Are Selling A Practice

When we’re assisting dentists who are preparing to sell a practice, we hear many questions. Many of the questions are very similar, so we’ve put together a list of our most frequently asked questions regarding practice sales. We understand that selling a dental practice can be stressful and overwhelming and we want to make it easy for you as possible.

Common Questions Regarding Selling A Practice

Below are a few of the most common questions regarding the sale of your dental practice:

1. How Do I Know If Selling My Practice Is The Right Thing To Do?
   While this question will be different for everyone, there are a few things to take into account. For example, consider your age, your current health, your future goals, and your finances. In the end, you’re the only one who can decide if selling is the right choice for you and your practice.
2. What Do I Tell My Staff & My Patients?
   Until the sale is final and papers have been signed, we recommend that you not tell your staff or patients a thing. The consequences of speaking too soon can have negative consequences, for example, your staff may begin to seek new employment and your patients may begin to shop around for a new dentist.
3. How Long Will It Take To Sell My Dental Practice?
   To answer this question, you’ll need to consider your motivation, your practice, and the current marketplace. Some of the practices we’ve worked with have had offers within a week; others can take up to a year or more. If this question is important to you, we can help you estimate the time frame.
4. How Much Will It Cost To Sell?
   It will cost money to properly sell your dental practice. However, it’s important to hire people who can help make sure that everything is legal, the price is right, and the sale goes smoothly. We recommend hiring a trusted attorney, accountant, and a consultant or broker.

For more information about selling your dental practice, or if you’d like to speak with a educated dental consultant, please contact CTC National.