One caveat about building a highly, successful dental office, with 14 employees and three doctors, is that the market for buyers shrinks.
It’s similar to having a multi-million dollar house. There just aren’t many people looking to buy that kind of house. You want to get the best value out of your “baby,” but also, you want it to be taken care of and successful when you leave. Also, the time you want to spend in the office after you sell must be a factor taken into consideration.
We quickly realized that the combination of the value of our practice, the size, and the time until we wanted to stay post sale would make it very difficult for one or two individual buyers to undertake. So, after spending a lot of time looking into different buyers, we sold our practice to a company called Merit Dental (Midwest Dental). The transition and process went relatively seamless. I will take you through the process in upcoming months.
Action Step for You: Stay tuned next month.
You MUST stand out to your patients and set your Dental Practice apart from your competitors. This is possible by implementing….The Guest Concierge Revolution in Dentistry.
Click here to learn more about Dr. Mario’s Workshop!
Leave a Reply