It depends on the kind of practice you are selling but we have previously closed deals in under two months. We have a high success rate in dental practice sales and we are confident we can sell your business.

95% percent of our sales are to young dentists either straight out of dental school or who are dental associates that want to own their own practice. Only a few of our sales are from Dental Service Organizations (DSO). If long-term employment as an associate after the sale of your practice is your top priority, a DSO may be a better option for you to sell to.

We have partnerships with many bank specialists who work in dental practice acquisitions to offer new buyers the loans they need to close on a sale. We ensure that potential buyers have the right financial situation to move forward through our pre-qualification process.

It is best to speak to your accountant about your tax situation. But generally, the allocation of the purchase price is usually 85% goodwill, which is usually long-term capital gains, but not always. About 10% is equipment and 5% is restrictive covenant. These percentages are subject to negotiation, so check with your accountant in advance for professional advice.

You should generally not contact your landlord until your or our attorneys are pretty far along on the Asset Purchase Agreement for your practice.

Consulting attorneys with experience in dental practice acquisition is very important to us. We can work with an attorney you have chosen yourself or we can connect you with trusted attorneys that we have strong relationships with already. Note that hiring an attorney to help with the sale of your practice comes with attorney fees and should be considered in your expenses.

For dentists who want to continue working under the buyer after the sale and assist with a transition, we can create structured long-term employment contracts that both parties can agree to. We also have had dentists who want to quit dentistry after they sell their practice altogether. Let us know what path you want to take post sale and we will find the right buyer for you!

From our experience, most sellers choose to wait until the sale is complete before telling their staff. We usually visit practices on days the office is closed or before and after business hours. Our agents are fine with late-night and weekend appointments, as well as the occasional pre-open appointment. Some sellers want staff input in approving the potential buyer. We always respect the wishes of the seller to keep their decisions private.