Selling a dental practice is a big decision. There are 9 key steps in a dental practice sale. In this short video, Andy Acton from Frank & Associates, the UK’s leading dental sales agent, explains more about each of the different steps you must go through to successfully sell your dental practice.
In summary, the key steps to selling are as follows:
Step 1: Know your motivation and reasons for selling your practice.
Step 2: Choose the right time for the sale.
Step 3: Know the type of buyer.
Step 4: Start to gather your documentation as early as possible.
Step 5: Consider using a practice sales agent. Not mandatory, but a good one will certainly add benefit to your sale.
Step 6: Get an up to date, independent practice valuation.
Step 7: Find potential buyers – don’t accept an offer without advertising your sale to the open market.
Step 8: Prepare for Due Diligence to ensure your sale moves forward swiftly.
Step 9: Completion & next steps.
If after watching the video, you still have further questions about selling your dental practice or you’d like to find out more about a valuation from the expert team at Frank Taylor & Associates, please call us on 0330 088 1156.