Selling a dental practice

Selling a dental practice is a big task, so it’s important to prepare both mentally and financially. At Honkamp Dental Transitions, we deliver the expertise, network, and support that dentists need to sell their practice successfully.

Below are some important questions to consider when selling a dental practice.

 

  • What is your transitional time frame?

  • What are your 2 year, 5 year and 10 year goals?

  • How many patient treatment cases are in progress at this time?

  • How many active patients do you have in your practice?

  • What staff changes do you anticipate?

  • How do you compensate your associate(s) and hygienist(s)?

  • Is your accounting system through one location or multiple locations?

  • Is there any current litigation ongoing in your practice?

  • Are there any existing equipment leases or financing?

  • What do you consider to be the biggest obstacles in making a successful transition?

  • What insurance carriers do you accept?

  • Will you consider self financing for partial payment?

  • Have you communicated your transition plan with your employees?