How to Decide When to Sell Your Dental Practice: Critical Factors and Strategies

Selling your dental practice is one of the most important decisions you will make in your professional life. Therefore, it is imperative that you put a great deal of thought into when and how you would like the transition of ownership to occur. This article provides some insight into the key considerations you should take into account when planning your practice transition.
Start with WHY
Any decision of this magnitude should start with clearly defining why you are considering selling and the goals that you are looking to accomplish. Here are the most common reasons that dental practice owners sell their offices:
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Start with WHY
Any decision of this magnitude should start with clearly defining why you are considering selling and the goals that you are looking to accomplish. Here are the most common reasons that dental practice owners sell their offices:
- Retire or relocate
- Reduce risk by taking some chips off the table
- Achieve financial freedom
- Decrease work schedule and/or production responsibilities
- Reduce burden of management
- Fuel practice growth and development
- Attain a better work/life balance
- Pursue other passions
- Death or disability
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