Are you considering retirement and questioning yourself ‘How to sell my dental office in Houston TX?’ At ProABC, we specialize in setting up, marketing, and selling dental practices across the country. Get in touch with us to discuss your options.
Tips for selling your dental practice
Dental practitioners choose to sell their practice at some point in their life due to a variety of reasons. Before you begin to mull over the idea of selling your business, make sure to consider the following important points:
- Make sure you have convincing and straightforward answers to questions like “Why am I doing this,” and “When can I do this?”. Review your cash accounts, investments, and other assets and make sure if you can afford to sell your practice.
- There is always a considerable difference between a practice’s paper worth and what exactly your buyer is willing to pay. Hence prepare yourself to not depend on a liquidity event for your retirement life.
- If you want to sell your practice at a better price, make sure your equipment and other office fixtures are up-to-date and in good working condition. This way, the new owner will step in without having to incur huge expenditures. Keep your equipment and the hard assets of your clinic up-to-date and in working condition at the time of sale.
We help our client with essential tips to sell their dental practice at a great price within a short period. To sell your practice, call us today.
How much do dental practices sell for?
The most lucrative type of dental practice is the field of orthodontics. A dental practitioner specializing in orthodontics can expect to sell his practice for roughly 79.81% of his annual revenue. The pediatric dental practice is the second most popular field in dentistry. You can expect to receive around 70 – 72% of your annual revenue with the sale of your pediatric dental practice.
Furthermore, if you own general dentistry or an oral surgery practice, you can expect to make anywhere from 68 – 69.50% of your annual revenue. The lowest sale price is for the Endodontics and prosthodontic practices where practitioners do not receive more than 67% of their annual revenue with the sale of their practice. To sell your practice at the best price, get in touch with our team.
What is the typical profit margin for a dentist office?
According to a recent study, dental offices make an average of 14.9% profit margin per year. Dental practitioners realize this margin after spending for overhead expenses like advertising, insurance, salaries, equipment purchases, and supplies, etc. However, we can increase your profits and equip you and your practice to harvest a better profit margin. Call us today to know more.
Our purpose is to assist you with your burden of selling your dental practice. Is the question of how to sell my dental office in Houston, TX still bothering you? At ProABC, with our experience and resources, we can help you sell your practice within a matter of days at the best possible price. Call us now.
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