Selling a dental practice is a huge life event for a practice owner and will have a significant impact on your financial stability and quality of life after the sale.  In previous articles, we discussed the reasons for hiring a dental practice broker and their role in the transition process.  While it is important to understand the role of a broker and the importance of utilizing their services, it is also imperative that you hire the RIGHT dental practice broker to represent you in the sale and facilitate a smooth transition.  When selecting a dental practice broker, consider asking the following questions before signing a listing agreement:

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Selling a dental practice is a complicated process that involves numerous steps including determining the market value of your practice, finding the right buyer, negotiating the purchase price, purchase agreement and lease assignment, and facilitating the transition of ownership (just to name a few). Employing the services of a trusted professional can make a tremendous difference in the success of your transition. Here are the top 5 reasons to hire a practice broker when selling a dental practice:

• To formulate a transition strategy to meet your individual needs
• To confidentially market your practice to find a buyer who is the right fit
• To maximize the value you receive for your practice
• To represent your best interest during the transition process
• to provide a structured closing process to ensure a smooth and timely transition of ownership

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