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.
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