Practice Orbit Blog
How Long Does It Take to Sell a Dental Practice?
Continue Reading navigate_nextBeing able to sell your dental practice is an achievement. It means you’ve built a successful business, usually through decades of hard work and dedication to your patients. Just as it took a long time to build up your practice, it also takes some time to sell it. Whether you’re retiring, relocating, switching to a new career, or simply scaling back your day-to-day responsibilities, we’ll explain how long it takes to sell a dental practice, the best time to sell, and the steps you can expect in the process.
Best Ways to Sell Your Dental Practice: Expert Tips
Continue Reading navigate_nextThe privilege of guiding numerous dental professionals through the intricate process of selling their practices. Selling a dental practice is a significant decision that requires careful planning, strategic execution, and a thorough understanding of the market. In this blog post, I’ll share the best ways to sell your dental practice based on my personal experience and expertise.
20 Essential Negotiation Terms to Include in your Dental Practice Purchase Agreement
Continue Reading navigate_nextEnsure a seamless dental practice transition with our guide on the 20 essential negotiation terms for your dental practice purchase agreement. Learn how to handle retreatment responsibilities, manage accounts receivable, allocate purchase prices for tax purposes, and more. Navigate your dental practice sale with confidence and clarity by understanding these key deal points. Whether you’re buying or selling, these terms will help you protect your interests and achieve a successful transaction. For expert advice and comprehensive support, contact Practice Orbit today.
Finding the Right Dental Practice for Sale in California: A Personal Journey
Continue Reading navigate_nextAs someone who has navigated the highs and lows of the California lifestyle, from catching waves off the coast of sunny San Diego to establishing deep roots in the local business community, I understand the allure of owning a dental practice in this vibrant state. If you're in the market for a dental practice for sale in California, you're stepping into a world of opportunity, where the mix of technology, lifestyle, and patient demographics can turn a dental practice into a thriving hub of health and entrepreneurship.
Navigating the Path to Dental Practice Acquisition: Understanding the Letter of Intent
Continue Reading navigate_nextThe Letter of Intent is a vital instrument that lays the groundwork for the acquisition of a dental practice. It acts as a map, guiding both parties to a shared understanding of the transaction’s terms and serving as a blueprint for the formal, legally binding purchase agreement. Submitting an LOI is not just a formality, but a strategic step on your journey towards successful practice ownership. Approach this phase with careful consideration and professional assistance to ensure your path to acquisition is smooth and successful.
The Affect of Delta Premier on Dental Practice Valuations
Continue Reading navigate_nextIf you are a Delta Premier provider and receive Delta Premier reimbursement rates, congratulations! You’re a seasoned dental practitioner who has been around a while! For those who might not know, Delta Premier is a grandfathered level of billing which Delta no longer offers to new dentists or to new owners of dental practices. The current top level of Delta billing, at least for those without Premier status, is Delta PPO. So, what happens if you’re a Delta Premier provider and are considering the sale of your dental practice? Does it affect your value? And, if so, how? The short answer is that it most likely will negatively affect the value. Let’s dig a little deeper.
Key Professional Advisors when Buying or Selling a Dental Practice
Continue Reading navigate_nextSelling or buying a dental practice is a significant financial decision. Successfully transitioning into dental ownership is more likely to be achieved when the dentists are guided by certain professionals that thoroughly understand the process and are dental specific. This blog post will review the various advisors dentists can engage for help when selling or buying their dental practice.
What if my lease only has a few years left, can I still sell my dental practice?
Continue Reading navigate_nextDealing with a short-term lease in the sale of a dental practice requires some extra effort, but it is not an insurmountable issue. The target for banks who are funding a loan for the buyer of the practice is at least 5 years of term on the lease, with many dental lenders requiring 10 years. This requirement from these lenders can be met by the current term (firm term) on the lease or a combination of the current term plus any lease options.
Top 10 Deal Points in a Dental Purchase and Sale Agreement
Continue Reading navigate_nextEvery dental office sale requires that dental buyers, dental sellers, and attorneys agree to several, major deal points within the asset purchase agreement. Keep in mind that these negotiated deal points come after both parties have agreed to price and timing, and, while most of them are typical in the business-selling world, some are specific to dentistry.