dental practice sales lawyers

Dental Practice Sales – Dental Practice Sales Lawyers

Want to sell your dental practice? Okay, how are you going to select your potential buyers? Before you embark on your dental practice sale, you need to know the demands of the buyers and what motivates them before moving forward. A brief analysis by our dental practice sales lawyer and a description of potential dental practice buyers will help you categorize potential dental practice buyers in today’s market. This article may be of particular assistance to you if you are not selling your practice through a broker and have listed it as dental practice for sale by owner.
Here we discuss 5 main categories of potential dental practice buyers and what motivates them in dental practice sales.
1. New Buyer for Selling Your Dental Practice
Among all the buyers, you will mostly find this type of buyer. These buyers are mostly dentists who graduated about 5-10 years ago and are currently working for a private dental practice or a large national practice with private equity backers knows as DSOs. Now, they have the goal to set up their own dental practices and make their mark on their professional lives. So, they will carefully choose the most suitable dental practice with a demand to find a great family of staff and patients to get adjusted with them fast.
2. Partnership Buyer of Dental Practices -
Anyone who wants to buy-in to an existing dental practice and become a "partner" will look for a practice with a very cooperative existing owner that has sufficient patients but has room to expand. The cooperation of the existing owner is a great necessity for the new partner to get accustomed to the dental practice. And the dental practice must have enough patients so that both partners can keep their finances balanced, or alternatively, has a great new potential to attract new patients for a variety of reasons such as a new condominium or apartment complex developing nearby.
3. Merger Buyer of Dental Practices
Some buyers want to buy an office near the dental practice they are buying. Then they combine those two places as one organization. This way they become able to increase their income and to keep the expenses balanced. Also, the seller may need to serve for some time to the dental practice even after selling it.
4. Satellite Buyer of Dental Practices -
The buyers who want to buy multiple dental practices but are unable to manage the business sides of all those practices at once, often look for such dental practices whose previous owners are willing to manage the businesses even after selling them. This system becomes financially beneficial for both the parties.
5. Corporate / DSO Buyer of Dental Practices -
Some buyers look for a dental practice having revenue over $2 Million dollars, and they want the seller to work for at least about a year after the sale. They usually get the seller to hold a note for 20% of the purchase price. That amount is paid out during the year after the Closing for the sale of dental practice.
Some tips for dental practices sales:
  1. You need to start early to complete the process of selling your dental practice step-by-step.
  2. Expect the worth of your practice based on your revenues and profits.
  3. You should keep the equipment and facilities of your practice up to date to get the best value.
  4. Minimize your risks and maximize your profits when selling your dental practice and dealing with complex documents and issues by retaining a lawyer who is experienced dental practice sales.
  5. You should have an accountant that is familiar with dental practices sales to minimize the tax consequences of selling your practice.
These are some of the expectations of different types of buyers of dental practices. For information regarding buying dental practice please visit our page HERE.

Feel free to contact us Here to sell your dental practice with ease and confidence. 

Kamkari Law – Healthcare Attorney

(301) 309-9002

ask@DentalMedicalAttorney.com

Dental Practice Sales Attorney

You can Find American Bar Association’s article on How Do I Find a Lawyer? (americanbar.org) HERE.

Legal Representation in:

Buying & Selling Dental, Medical, & Veterinary Practices

Buy-in or Buy-out of Partnerships for Practices

Lease Agreements for Dental, Medical, & Veterinary Practices

Real Estate Contracts for Purchasing Office Space

Start-up of New Dental, Medical, and Veterinary Offices

Associate Employment Contracts

Litigation of Contract & Partnership Disputes

Family Law Representation for Dentists & Doctors Who Own Private Practices

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