Henry Schein Dental Practice Sales Valuations Manager, Alison Bates, discusses why planning ahead for the sale of your dental practice is essential, and how the Practice Sale Readiness Checklist can help you prepare.
- Preparing early for the sale of your dental practice can help you approach the process with greater confidence and clarity.
- Regular valuations can give you a clearer understanding of your practice’s value and where there may be opportunities to strengthen it.
- Making adjustments ahead of time can help improve financial performance before you are ready to sell.
- Planning in advance can help you understand potential post-sale commitments, including whether you may need to continue working in the practice.
- Henry Schein Dental Practice Sales can help you understand your practice through a financial lens, with guidance designed to support valuation, identify potential inefficiencies, and help you prepare with confidence.
- The Henry Schein Practice Sale Readiness Checklist is designed to guide dental professionals through the key steps of preparing for a successful practice sale.
Key Takeaways
- Preparing early for the sale of your dental practice can help you approach the process with greater confidence and clarity.
- Regular valuations can give you a clearer understanding of your practice’s value and where there may be opportunities to strengthen it.
- Making adjustments ahead of time can help improve financial performance before you are ready to sell.
- Planning in advance can help you understand potential post-sale commitments, including whether you may need to continue working in the practice.
- Henry Schein Dental Practice Sales can help you understand your practice through a financial lens, with guidance designed to support valuation, identify potential inefficiencies, and help you prepare with confidence.
- The Henry Schein Practice Sale Readiness Checklist is designed to guide dental professionals through the key steps of preparing for a successful practice sale.
Key Takeaways
- Preparing early for the sale of your dental practice can help you approach the process with greater confidence and clarity.
- Regular valuations can give you a clearer understanding of your practice’s value and where there may be opportunities to strengthen it.
- Making adjustments ahead of time can help improve financial performance before you are ready to sell.
- Planning in advance can help you understand potential post-sale commitments, including whether you may need to continue working in the practice.
- Henry Schein Dental Practice Sales can help you understand your practice through a financial lens, with guidance designed to support valuation, identify potential inefficiencies, and help you prepare with confidence.
- The Henry Schein Practice Sale Readiness Checklist is designed to guide dental professionals through the key steps of preparing for a successful practice sale.
The Practice Sale Readiness Checklist is a comprehensive checklist of things that dental professionals don't know they need to know – but they do need to know.
Alison Bates, Henry Schein Dental Practice Sales Valuations Manager
The Practice Sale Readiness Checklist is a comprehensive checklist of things that dental professionals don't know they need to know – but they do need to know.
Alison Bates, Henry Schein Dental Practice Sales Valuations Manager
1. When should I start preparing to sell my dental practice?
Ideally, Henry Schein Dental Practice Sales works with practice owners at least five years before they are ready to sell. Planning ahead gives you time to understand your valuation, make adjustments, and prepare for the wider sale process.
2. Why should I get my dental practice valued before I am ready to sell?
Getting a valuation early can help set your expectations in the right place. If you wait until you are ready to sell and the valuation is lower than expected, you may have limited time to make changes before retirement.
3. How can early planning help improve my practice sale?
Early planning gives you time to make changes that may influence your practice’s financial performance. Because accounts are produced annually, changes made today may take a year or more to show tangible results.
4. How can Henry Schein Dental Practice Sales help dental professionals prepare for their practice sale?
Henry Schein Dental Practice Sales can help you understand your practice from a financial perspective, with guidance on growing and maintaining practice value. The team can also help identify potential inefficiencies, provide information you may not have considered as a clinician, and support you through key preparation steps, including regular valuations, due diligence, and the wider sale process.
5. What does the Practice Sale Readiness Checklist cover?
The Practice Sale Readiness Checklist covers what to do once you are ready to sell, including the legal process and due diligence. It also covers regular valuations, growth, building your practice, and preparing your practice for sale from start to finish.
