Selling a Dental Practice
The first challenge that ultimately arises when selling a dental practice is whether or not you are ready to sell. Often the major questions posed by dental practice consultants and dental practice broker’s hinge upon the financial pros and cons of the decision. While these topics often act as the turning point for a dental practice transition, it is important to first ask yourself as the seller dentist whether or not you are actually ready to retire from your practice.
Because separating your feelings toward retirement (or simply the transitioning to a new chapter in your career) and the financial implications of this decision challenges dentists, many dentists choose to contact a dental practice consultant or dental practice broker to determine the value of their dental practice.
When choosing a dental practice consultant, there is almost always a related fee. These fees can be per hour consultation fee, a flat fee for representation, or a percentage of the dental practice sale price. Many of these fees will include dental practice listings and a practice value calculation. They may also include the representation for the finalization of the dental practice transition. Whichever way you choose to go, be sure to understand what you are getting and what it will cost. Search for dental practice consultants in your area by using the consolidated search list on DDSLogic.com.
Many dentists are looking at the possibility of transitioning out of their current practice situation in the next few months or years, but haven’t quite decided when they want to transition their dental practice. The fees associated with a full practice valuation may be prohibitive, when the goal is to simply feel out the dental practice marketplace and make tentative plans for the future. If you are looking to get a very inexpensive estimate of the value of a dental practice, the Dental Practice Valuation Calculator found on DDSLogic.com is your best bet. This easy-to-use practice value calculator simplifies the process and allows you to view the market in your area so you can decide, if now is the right time to transition your dental practice.
Nicholas Davis - About Author:
DDSLogic is an online marketplace for Buyers, Sellers, Consultants and Brokers to deal directly with each other for buying and selling dental practices. To get more information, visit us: http://ddslogic.com.
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