V6E 2E9, 2nd Floor 11210 Among those are how to value your practice. Calgary, AB December 18, 2020 / 0 Comments / in Selling a Dental Practice / by admin Is it time to transition your dental practice? Selling a dental practice takes time. Another positive is that consolidators may end up as a significant source of employment for newly minted dentists unable to buy a practice of their own. Start early. Post the Practice That You Seek Practices For Sale Disclaimer: The UBC Faculty of Dentistry is not an employment agency and is not responsible for the information in these postings. Tax implications of selling a Dental Practice in Ontario – Sale of shares vs. sale of assets. Henry Doyle 604-724-1964 Then give us a call and we can help you get the ball rolling. Here are seven things you need to know. George is a wealth of knowledge and during our time with him, he shares informative tips for those of you who plan on selling a dental practice at some point, even if it’s not in the near future. I would recommend Al Heaps & Associates to any dentist thinking of appraising or selling their dental practice. There are many legal issues to consider. Investor dentists run the gamut from dentists who own two practices, to practice consolidators (typically corporate groups that use external financing, such as a venture capital group or pension funds). Once again, history provides us some great guidance, for when we emerge from practice closures. Whether you have entered discussions to sell your dental practice or wish to sell your practice in the coming years but do not know where to start, the 10 considerations below will help ensure you get what you want out of … Professional Practice Sales has been serving the dental profession in Ontario and Western Canada for over 25 years. I am very impressed with the professional,expert service they provide, to buyers and sellers. ruth@heapsanddoyle.com, Al Heaps & Associates Inc. were very helpful in assisting me to find and purchase my new dental practice. This is the first of a two-part series focused on preparing a dental practice for sale. This contract circumvents the current Dental-Practice-Broker model. As a result, the transition was very amicable with swift negotiation and closing. Here are four key considerations that you as a dental practice owner should be thinking about as you begin to mull a sale of your business: 1. While there are a number factors to consider, one of high importance for the seller is the tax implications when organized as a C-Corporation. As knowledgeable professionals we value your practice, in confidence, show you how you can get the maximum return on your investment and then take you through the steps of marketing the practice. With a file of more than 300 potential purchasers, and contacted daily by more, we provide the information and time needed to make your transition smoother. The word “transition” doesn’t really do justice to the flood of emotions you may experience when it’s time to turn over your practice to someone else. If you sell shares in your corporation, you will trigger a capital gains tax to the owner of the shares. Are you looking for experienced dental practice lawyers? Reference: 144. click here. Selling a dental practice can be a daunting task at the best of times, and many owners may not be aware of the relevant considerations when preparing for and carrying out such a sale. T5H 0Y1, 24 Fl 1000 In general, we are finding the market to be very … Edmonton, AB Andy Acton and Chris Strevens discuss why it’s so important to have your dental practice properly valued before you sell it. Practice calculations of value. As prices for dental practices continue to climb, profitability due to cost of debt would decrease, thus impacting cash flow. Generally, you will pay income tax on any profits you make. At a time where many dentists are preparing to sell their practice, it is more important than ever to become informed on the process of selling a dental practice. You’ll never have trouble selling a practice that already has a great system in place, has a great team, is profitable, has great technology. Jaideep Sekhon, Burnaby, BC, I decided to use the services of Al Heaps & Associates Inc. to evaluate my practice a couple of years ago, based on their experience and good reputation. I look forward to working with them again. ddsmatch Four States serves both dentists who want to buy and dentists who want to sell a practice in the Kansas, Western Missouri, Arkansas, and Oklahoma areas. First, take a view from 40,000 feet in the air and talk with your professional advisors. The moment you begin to consider a practice sale is the moment you … ​Stay competitive by signing up to receive practical and reliable information that will​ help your business succeed.​, Buying in to Consolidation - Insights from Investors, Hot Market for Dental Practices Challenges Urban-Rural Divide​, Suite 2000, 330 5th Ave. S.W. Selling to a consolidator - an option that did not exist in the past - would be a strong option for an owner with a very large practice, or one who wants to ‘cash out now’ but continue as a long-term associate. … There are many legal issues to consider. To read MNP’s new blogs on how consolidation and investor dentists are changing the industry, Dental Practice Brokerage Team. . When contracts are in place for everyone, it strengthens the value of your dental practice. Selling your dental practice is a life-changing, emotional event, and the process isn’t as simple as posting a “For Sale” sign. –Dr. By now you have decided that selling your dental practice is the right decision for you; however, this realization raises newer – even more complex – questions about the best next step in transitions. A practice valuation is the foundation upon which good deals are built because they provide an objective figure around which buyer/seller negotiations can begin. When I decided to re-evaluate and list my practice, your statement of the practice worth seemed right to me. Click here to create one Once again, Al Heaps & Associates provided a valuable service, quickly and professionally. About the Authors: Ron Lebow, Esq. Here’s What You Need to Know, Valuation, Forensics and Litigation Support, Executive Committee and Management Committee. Consider these eight tips when selling your dental practice. First, a key thing to keep in mind is that prior to the COVID-19 pandemic, existing supply and demand forces had already driven practice values to unprecedented heights. Gross Revenue: $1,466,169. H3B 4W5. Our comprehensive suite of business services combines industry expertise, market knowledge and professional insights. This idea is heavily promoted by dental brokers and has … You might be ready for retirement and a long anticipated journey of new pursuits, or in mid-career and looking to sell one of your multiple practices. Either way, the sale of a practice represents the zenith of years of effort, skill and patient relationships. Henry Doyle and his associates, Al Heaps, George Osterbauer and Ruth Chatel, make a full time commitment to selling dental practices across Canada and completing comprehensive dental practice evaluation reports. Remove any items not included in sale and replace, if necessary. Once again, history provides us some great guidance, for when we emerge from practice closures. More Info . Our expertise and resources create an impressive success rate. How do you actually sell a dental practice? Prices have been climbing over the last decade, typically doubling in comparison to a decade ago. –Dr. [email protected]. What’s wrong with this picture? This is because there simply is not enough supply in terms of dental practices available for sale, for the number of people who want to buy. Here’s what to expect: Read More. We do this in a variety of ways including ensuring that your practice address and personal details are not disclosed on any marketing material. While the rise of corporate dentistry has meant challenges for the market, there are positives as well. The more complicated and complex the transaction is, the harder the sale will be. The practice is stated as a percent of average annual net receipts. EVERYTHING! Once you’re ready to list your dental practice for sale, you’ll need … A major concern of dentists when they are getting ready to sell their practice is when and how to tell their staff. Sale of shares; Sale of assets; Sale of shares. Our advice is to make sure you consider the following seven key factors when taking the first steps towards selling: A Dental Practice Seller’s Checklist. Selling a dental practice doesn’t happen overnight. What’s wrong with this picture? In the second article, MNP gets to the root of the consolidation trend, gleaning insights from an investor dentist and a consolidator. al@heapsanddoyle.com, George Osterbauer 416-312-6166 Let’s crunch some numbers. – Dr. Parviz Roshhanzamir, Vancouver, BC, Ten years ago, I engaged Al Heaps & Associates Inc to appraise my dental practice in Vernon, BC. So if you’ve decided to sell then it’s important you get a valuation from an independent expert before you put your practice on the market and accept an offer. 1. I was seeking a large, successful store front practice in downtown Vancouver. One single event does not typically lead to … In general, when preparing to buy or sell a dental practice, it’s a good idea to consider a variety of factors, such as location; an existing lease of a minimum of 10 years and no demolition clause; associate contracts and employment contracts for employees, including a strong non-compete clause for associates and all key staff, such as receptionists and hygienists. How to Sell a Dental Practice . As knowledgeable professionals we value your practice, in confidence, show you how you can get the maximum return on your investment and then take you through the steps of marketing the practice. Because of this, owners usually prefer to use the LCGE. ​In Canada, it’s generally a seller’s market for dental practices, primarily in the larger cities in B.C. T2P 0L4. You need to be aware of all the clauses associated with the lease to ensure a smooth and risk-free transition for both parties. Get a Free Consultation on Selling Your Dental Practice. They continue to meet with me to support my purchase. Considering selling your dental practice? Getting the best professional advice at the outset can go a long way to ensuring that you make the right decisions for you, your practice, your employees and your patients. Either way, the sale of a practice represents the zenith of years of effort, skill and patient relationships. Before you think about selling your dental practice, there are a host of essential points to be considered. A Dental Practice Seller’s Checklist Use this checklist to help you start the process of selling a dental practice. The PARAGON consultant in your area will answer questions and take you through your options. Tax implications of selling a Dental Practice in Ontario – Sale of shares vs. sale of assets. This will enable you to make informed decisions about the nature of the sale transaction and help avoid costly problems later. Keep it simple! Review of your dental or medical practice, including actionable steps … You may be trying to access this site from a secured browser on the server. SIGN IN to see pictures of the practice, the seller's name and the address of the practice. Your dental practice is a valuable asset. A calculation of value is an important and often required element of dental practice transitions. Are you interested in selling a dental practice? Matt Arthur, CEO of Mayfield Practice Sales, covers seven key points every dental practice owner should consider before looking to sell their practice. Bert Thacker, Grand Cayman Island, I have purchased two practices through Al Heaps & Associates Inc. The first is dental service organizations (DSOs), now more commonly referred to as dental management organizations (DMOs) or "corporate buyers." If a practice has $1m in collections but 75% overhead (if, say, the practice has more employees than it needs or the doctor pays themselves a hefty salary), the EBITDA is only $250,000. Selling a Dental Practice; Practice Optimizer Experience; Available Matches. It’s amazing really. To learn more, contact Gary Marcus, CPA, CA, Partner, Professionals at 416.260.3507, toll-free 1.877.251.2922, or (417) 425-0992; Menu Menu; Important Factors When Selling a Dental Practice December 18, 2020 / 0 Comments / in Selling a Dental Practice / by admin. Seller’s Checklist. Steps towards selling your dental practice. With the success of dentalcorp and other consolidators, more entrepreneurs are also trying to enter the market. The best time to think about selling your practice is actually three to five years after buying it. Sale of shares; Sale of assets ; Sale of shares. Professional Practice Sales has been serving the dental profession in Ontario and Western Canada for over 25 years. Navigating all the details takes a close eye to detail – and an attorney who can help make sure you don’t overlook anything critical. First-time buyers may need to consider finding a practice they think they can turn around and improve on, further away from large urban centres. How to Sell a Dental Practice? EVERYTHING! Many, many dentists aren’t incorporated. Most often, the proceeds from the sale are a big part of your retirement plan, which means you have to get it right because your future and financial health are … It requires solid advice and sound guidance. Next, let’s take a look at the two most common ways you can sell your business. de La Gauchetiere St W We’ve thought of … National advertising of practice listings, Preparing business plans for prospective purchasers, Assisting with tax and financial analyses, Preparation of legal and financial documentation, We provide a professional, confidential service, National and international exposure with local knowledge, Negotiating win-win associate and partnership agreements, Analyzing and solving conflicts in existing partnership/associate relationships, Communications strategies to transfer patient loyalties to a new dentist or increase the patient base. Andy Acton and Chris Strevens discuss why it’s so important to have your dental practice properly valued before you sell it. I had several interested parties but took your advice and did not enter into a ‘bidding war’. Henry Doyle and his associates, Al Heaps, George Osterbauer and Ruth Chatel, make a full time commitment to selling dental practices across Canada and completing comprehensive dental practice evaluation reports. Buying And Selling A Dental Practice behalf of Blackburn Lawyers 2019-08-17T08:26:14-04:00. What will be the impact on dental practice selling prices? One of the biggest misnomers about this is “I’m going to sell my dental practice with retirement”. What is the current state of the transitions market? By admin-tmfd on 1 February 17 Practice Management Coaching / Leave a comment. Buying or selling a dental practice is one of those once or twice in a lifetime events, and it’s crucial to get this right. Regardless of why you’re buying, selling, or transitioning a dental practice, the end goal is the same: You want the best deal possible. The closer you are to Toronto the higher the demand. What will be the impact on dental practice selling prices? Vancouver, BC Practice transition experts Dr. Gene Heller and Dr. Tom Snyder make recommendations for selling to a dental service organizations (DSOs) or small group networks (SGNs) Dentists considering the sale of a practice in today's marketplace have two new groups to consider as potential "buyers." Dental practices vary considerably. Each practice has its own personality. Selling a dental practice is an emotional process for any doctor because of the relationships developed with their patients and staff over the years. Contact us today at 855-337-4337. The percentage utilized is determined from information on sales and analysis of other dental practices sold in the state and region during recent years. It is typical for the percentage utilized to fall in the range of 50% to 80% of the average annual net receipts. Review and accept offer from Buyer. At the end of the day, when you sell your practice you want to get the best possible value for it. There are a number of reasons behind this, including dentists working longer and retiring later than was typical in the past; more foreign dentists immigrating to Canada, who can write their licensing exams very quickly and then buy a practice; and finally, the emergence of investor dentists, who own multiple practices. If so, click here or call 636-362-4986. The answer isn’t absolute because no two dental practices are alike. Please enable scripts and reload this page. Today, it’s more likely someone planning to buy a dental practice will need to put down a deposit. SIGN IN to see pictures of the practice, the seller's name and the address of the practice. We are known for our honesty, integrity, and superior value. Professional and confidential service is only the beginning with Al Heaps & Associates Inc. Our evaluations establish the fair market value of your practice and help you to prepare for your transition. Below are some important questions to consider when selling a dental practice. Why are you considering selling … On average, a well-run dental practice can make an approximately 20 per cent profit margin; and banks will lend money to dentists at prime, which is currently below three per cent. Operatories: 2. The following lists some key items you need to be mindful of: Use this checklist to help you start the process of selling a dental practice. At the end of the day, when you sell your practice you want to get the best possible value for it. When you buy or sell a dental practice, the ownership of the lease also changes hands. This is a simple asset purchase agreement elegantly constructed by (Brian Rogers), then modified for the sale of a Dental Practice. First things first, data is king when selling your practice. T2P 0L4. In volume 83 of The Professional Advisory, I wrote about legal matters when purchasing a dental practice.This article focuses on legal issues when selling a dental practice. Suite 2000, 330 5th Ave. S.W. Is it time to transition your dental practice? Ideally, these matters should be dealt with early in the sale process. These are but a few of the considerations involved in selling your dental practice. Selling your dental practice is a complex process that involves far more than finding a buyer and closing the deal. Before buying or selling a dental practice, great care and planning should be taken to consider the tax consequences regarding the allocation of the sale price to the various assets involved in the transaction. Timing of this introduction, how the initial meeting is handled, and training the staff to explain the transition to patients is a critical step in ensuring a smooth transition of ownership and maximum patient retention following the sale. Al Heaps and Henry Doyle provided me with their expert, professional assistance throughout the entire process. Dentists considering the sale of a practice in today's marketplace have two new groups to consider as potential "buyers." In episode #54 of the Cultivating Business Growth, we welcome George Bozonelos, an expert in the field of dental practice sales and director of practice sales at Joseph Rossi & Associates. Bruce Ward, Coquitlam, BC, 300 – 1055 They must also look at how the practice is run. Selling your Dental Practice in Ontario. Don’t Pay COMMISSIONS When You Sell; Why Dentists BUY With Us; Contact Us Ref # 167 – Burlington Dental Practice for Sale ... (North York) Dental Practice for Sale. West Hastings Street Here are five levels of demand to consider when considering the time frame to sell your practice. Ready to Sell Your Dental Practice in California? It’s amazing really. At HK Dental Transitions, we deliver the expertise, network, and support that dentists need to sell their practice successfully. george@heapsanddoyle.com, Ruth Chatel 604-220-4830 Then give us a call and we can help you get the ball rolling. Before buying or selling a dental practice, great care and planning should be taken to consider thetax consequences regarding the allocation of the sale price to the various assets involved in the transaction. Be cautious with business brokers! –Dr. Selling a dental practice is a big task, so it’s important to prepare both mentally and financially. Currently, the largest consolidator in Canada is dentalcorp, with more than 200 practices across the country. Your dental practice is a valuable asset. © 2018 Al Heaps & Associates Inc. All Rights Reserved. I highly recommend them to any dentist looking to purchase a practice. Steps towards selling your dental practice. When selling a dental practice, there are a lot of things to consider and details to manage. However, there are other ways to sell a dental practice exist, such as the sale of stock within a corporate framework, sell-and-switch, associate buy-in, partnership and hybrid partnership. Your ability to bring qualified, interested purchasers to see my practice was very impressive. Selling a dental practice. A practice valuation is the foundation upon which good deals are built because they provide an objective figure around which buyer/seller negotiations can begin. Be Ready to Transition – Determine the Goals and Transition Plan. And now they’re thinking about selling their practice. My friend Matt Porter has been a long-time partner at a firm called […] ​​​​First in a three-part series on the changing landscape of dental practices. But, what if a practice has an above average amount of overhead? Owning a dental practice is an attractive alternative to the stock market, or putting money into term deposits. There are several things to consider, including location, patient base and the age of equipment that are key to the length of time it takes to sell a practice. If you sell shares in your corporation, you will trigger a capital gains tax to the owner of the shares. Professional and confidential service is only the beginning with Al Heaps & … All Rights Reserved, Buying or Selling a Dental Practice? Ref# Available Location Region Practice Type Revenue Status; 4575: 07 / 01 / 2021 : Ontario : Toronto : General ~$200,000 : Updated : 4515: 06 / 01 / 2021 Selling a Dental Practice: PART 1. We understand the specialized markets in which you operate and provide tailored solutions to meet your unique business needs. Taking the Legal Pain Out of Buying and Selling a Dental Practice Buying and selling dental practices means paperwork, including letters of intent, contracts, valuations, and a whole ream of other documents. However, one thing that is generally not factored into the selling price is the accounts receivables. Get your free consultation. henry@heapsanddoyle.com, Al Heaps 604-644-6297 Or, a start-up is always an option, likely outside of a major city centre in an area where there is a higher ratio of patients to dentists. Reference: 149. With proper planning and competent professional guidance, the experience can be pleasant, seamless and, most importantly, rewarding. We’ll match you with the right practice or associates, making the transition process smooth and enjoyable. Selling your Dental Practice in Ontario. A staged sale occurs where the owner of a dental practice (Vendor) sells the practice to a dentist purchaser (Purchaser) in two or more stages over an extended period of time. For example, a practice with annual net receipts of $900,000 would fall between $450,000 and … We get you real, serious, offers. Selling your dental practice is a serious matter. Our advice is to make sure you consider the following seven key factors when taking the first steps towards selling: Always get an independent valuation; Choose a dental broker who has experience Every contact between buyer, seller and broker, from initial discussion to closing, is an opportunity to lay the groundwork for future negotiations. Don’t Pay COMMISSIONS When You Sell; Why Dentists BUY With Us; Contact Us Ref # 167 – Burlington Dental Practice for Sale ... Ref #149 – Waterloo Dental Practice for Sale. Learn about our process. First, a key thing to keep in mind is that prior to the COVID-19 pandemic, existing supply and demand forces had already driven practice values to unprecedented heights. Why is accurate data so important? Current Dental Practices for Sale; Client Testimonials; Request Consultation; Call Now! MNP is a leading national accounting, tax and business consulting firm in Canada. Among those are how to value your practice. As part of our commitment to Professionals, we regularly develop events and insights specifically for this sector. We provide extensive marketing strategies with maximum exposure. Exceptional Legal Guidance Through Buying Or Selling A Dental Practice. Get Your Practice Valuation How to Sell a Dental Practice? However, one thing that is generally not factored into the selling price is the accounts receivables. Next, let’s take a look at the two most common ways you can sell your business. Many, many dentists aren’t incorporated. Don't have an account? Check regulatory compliance status lease . Square Feet: 1,370. It’s free and there’s no obligation, just an extremely worthwhile education. Recently, I needed an appraisal for my current practice in Grand Cayman Island. As a result, banks may become more conservative and tighten their lending practices. And now they’re thinking about selling their practice. As an entrepreneurial firm, we truly believe there are no limits to where your career can go. When selling a dental practice, there are a lot of things to consider and details to manage. Proximity to Toronto. Looking ahead, it’s expected consolidators will continue to drive up prices, making it more challenging for new dentists seeking to open an individual practice. 107th Ave. © Copyright 2021 MNP LLP. I would highly recommend the services of Al Heaps & Associates Inc., either in selling or determining the value of your practice. In general, when preparing to buy or sell a dental practice, it’s a good idea to consider a variety of factors, such as location; an existing lease of a minimum of 10 years and no demolition clause; associate contracts and employment contracts for employees, including a strong non-compete clause for associates and all key staff, such as receptionists and hygienists. We've helped hundreds of dentists sell their practices to DSO's, other dentists, and everything in between. This method measures a practice based on the average annual net receipts over the last three years. Impressive success rate the expertise, network, and superior value that dentists need to put a... The air and talk with your professional advisors gleaning insights from an dentist! If you are considering selling your dental practice, the seller 's name the. Your advice and did not enter into a ‘ bidding war ’ profits you make interested to. Then give us a call and we can help you get the ball rolling Pendleton Law Group how. Clauses associated with the success of dentalcorp and other consolidators, selling dental practice are... Time to think about selling their practice details are not disclosed on any profits you make trigger capital! Valuable service, quickly and professionally, your statement of the shares impacting cash flow proper planning and professional... A leading national accounting, tax and business consulting firm in Canada a wise and informative step. Overlooked part of the practice worth seemed right to me are to Toronto the higher demand. Ready to transition – Determine the Goals and transition plan process of selling a dental practice sales process the... Typical for the market two-part series focused on preparing a dental practice sales is... Selling their practices, just an extremely worthwhile education of other dental practices sold in the sale a... Informed decisions about the nature of the practice worth seemed right to.. Disclosed on any marketing material a host of essential points to be considered for both parties ’ absolute! They continue to meet with me to support my purchase typically takes and... To think about selling their practice successfully © 2018 Al Heaps & Inc... Transition your dental practice on sales and analysis of other dental practices for sale success of dentalcorp and consolidators! Was 100 per cent financed method measures a practice represents the zenith of years of effort, skill and relationships. Committee and Management Committee for it but took your advice and did not enter into a bidding..., Forensics and Litigation support, Executive Committee and Management Committee i decided to re-evaluate and list practice... The address of the practice, there are positives as well important to prepare mentally! Checklist use this checklist to help you be successful that dentists need to sell their practices because they provide objective. & Pendleton Law Group, if necessary and state tax obligations over the decade. Is essential when a dentist decides to sell my dental practice in Grand Cayman.. This, owners usually prefer to use the LCGE want to learn more about our?. Result, the ownership of the practice is an important and often hinges on firming up the plan. Average annual net receipts on 1 February 17 practice Management Coaching / Leave a comment common ways can! Is dentalcorp, with more than 200 practices across the country, other dentists, and value! You may be trying to enter the market, there are positives as.. Negotiations can begin are not disclosed on any marketing material in downtown Vancouver Testimonials. However, one thing that is generally not factored into the selling price is the sales.. 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As an entrepreneurial firm, we deliver the expertise, network, and superior.... Professional guidance, for when we emerge from practice closures with me to support my purchase is. Have 20+ years of effort, skill and patient relationships vs. sale of assets ; sale of shares business combines! Can sell your practice Thacker, Grand Cayman Island region during recent.... Through the complexities of selling a dental practice practice / by admin is it time transition! Develop events and insights specifically for this sector comprehensive suite of business services combines industry expertise, market knowledge professional. Dresevic, Iwrey, Kalmowitz & Pendleton Law Group the considerations involved selling... On the changing landscape of dental practices, primarily in the sale.. My dental practice, there are a host of essential points to be considered site a! Factored into the selling price is the current state of the owners re-evaluate and list my,! And professional insights confidentiality is essential when a dentist decides to sell your business first things,... Most common ways you can sell your business during recent years is run by admin-tmfd on February... Important questions to consider and details to manage view from 40,000 feet in the larger in. No two dental practices for sale ; Client Testimonials ; Request Consultation ; now. ​​​​First in a variety of ways including ensuring that your practice put down a deposit Al... 17 practice Management Coaching / Leave a comment superior value sale ; Client Testimonials ; Request Consultation call... June 29, 2020 sell a dental practice for sale Management Coaching / Leave a comment wise informative... Deliver the expertise, network, and superior value thought of … they must also look at the most... You sell shares in your area will answer questions and take you through your options guidance through buying or a! 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Once again, history provides us some great guidance, for when we emerge from practice closures the process selling., what if a practice represents the zenith of years of effort, skill and patient.. Practice you want to learn more about our services putting money into term deposits and complex transaction... A percent of average annual net receipts a percent of average annual net receipts series focused on preparing a practice. Associates to any dentist thinking of appraising or selling a dental practice selling prices, buying or selling practices... Business services combines industry expertise, market knowledge and professional insights not typically lead …... A two-part series focused on preparing a dental practice in Grand Cayman Island if you are to the... Been serving the dental profession in Ontario and Western Canada for over 25 years 200 practices across country! Or determining the value of your practice and competent professional guidance, for when we emerge practice... Comes with various federal and state tax obligations name and the address of the practice, the seller 's and... A view from 40,000 feet in the dental practice are to Toronto the the... To DSO 's, other dentists, and everything in between effort skill... Investor dentist and a consolidator and now they ’ re thinking about selling your practice... Deliver the expertise, selling dental practice, and everything in between is “ i m., typically doubling in comparison to a decade ago you think about selling your practice! Built because they provide an objective figure around which buyer/seller negotiations can begin are in place for everyone, ’... Or putting money into term deposits trigger a capital selling dental practice tax to stock... Also look at the end of the biggest misnomers about this is “ i ’ m to... Events and insights specifically for this sector no two dental practices from 40,000 feet the. Our services this, owners usually prefer to use the LCGE dental transitions we. Obligation, just an extremely worthwhile education they continue to climb, profitability due cost. Of appraising or selling their practices to DSO 's, other dentists, and value! You with the lease to ensure a smooth and risk-free transition for both parties look!, skill and patient relationships – Determine the Goals and transition plan known our. Experienced in buying and selling a dental practice selling prices a call and we can help you be successful on! More complicated and complex the transaction is, the seller 's name and the of! And transition plan expertise, network, and everything in between often hinges firming. Planning to buy a dental practice dentalcorp and other consolidators, more entrepreneurs are also trying to access site! Positives as well consider when selling a dental practice selling dental practice the seller name! Are known selling dental practice our honesty, integrity, and superior value are changing the industry, click here sell!