Prepare to Sell Your Dental Practice

Thinking about selling your dental practice in the near to distant future? Wondering when you should start planning for the transition? The answer is now! The more time to plan and prepare to sell your dental practice often results in a higher sale price. If you’d like to prepare your dental practice to sell in the next 2-10 years, let Engage Advisors help you! Our team of CPAs and Advisors only works with the dental industry. We have helped hundreds of dentists increase the profitability of their practice to achieve the best buyer, terms, and price you deserve.

There are a few ways to value a dental practice and at Engage Advisors, we are familiar with all of them! We like to begin with your current practice valuation so that we have a starting point and can show our value when you do sell in the future.

If you haven’t already, it’s important to have a conversation with your financial professional to confirm that your timeline for selling and/or retiring makes sense. If you do not have a financial professional or would like a second opinion, Engage Advisors Financial Planning can help. Our Financial Advisors specialize in the dental industry and can work with you to determine if and when it’s the right time to sell.

Most dentists have a love/hate relationship with dental insurance and nearly all can get better terms by renegotiating their PPO contracts. Engage Advisors works exclusively with PPO Advisors to help you turn your PPOs into profit. Most established practices enjoy tens of thousands of additional revenues in the first year after working with PPO Advisors.

Scaling up your dental hygiene, chairside and practice team is always a smart move to improve your profitability. Engage Advisors works with Polished & Profitable Advisors to help grow your periodontal percentage, increase your practice’s restorative case acceptance, and increase your collections to help increase your dental practice sell price.

One of the biggest red flags to potential buyers is when your books are in disarray. Engage Advisors can help to cleanup and manage your accounting, cash-flow management, bookkeeping, payroll, tax planning and more! Our goal is to make your dental practice more profitable so that you can achieve the best price for the sale of your dental practice.

To be successful, your dental practice should be run as an efficient business. Dental dashboards connect with your practice management software to provide real-time insights. What gets measured, gets improved – Engage Advisors can work with you to pinpoint areas for improvement that will make big difference to your bottom line.

Selling your dental practice will come with tax implications. Engage Advisors can work with you to help mitigate your tax bill so that you can keep more of your sale price.

When your sell date is near, we perform another practice valuation. This not only shows the improvements that we have made, but also provides you with a sell price that reflects your years of hard work and dedication.

Getting the best price for your dental practice is just one part of a successful practice sale. At Engage Advisors, we go further with our buyer qualification process, review of the transaction terms and help throughout the due diligence process. Let our experience bring clarity and support to the entire ownership transition process.

There are multiple ways to value a dental practice - at Engage Advisors, we are familiar with all of them! The first step is to value your current to ensure that your sell price aligns with your expectations.

It’s important to meet with your financial professional to ensure that your desired timeline for selling makes financial sense. Engage Advisors Financial Planning can provide a second or first opinion. Our Financial Advisors work exclusively with the dental industry and can help to determine if selling will provide the lifestyle you desire.

PPOs can be a necessary evil, especially if your contract terms are unfavorable. Engage Advisors works exclusively with PPO Advisors to help you turn your PPOs into profit by renegotiating. The results for established practices are $10k+ of additional revenues in the first year alone!

Increasing your collections by growing your periodontal percentage and increasing your practice’s restorative case acceptance can help add to your dental practice’s sale price. Engage Advisors works with Polished & Profitable Advisors to coach your dental hygiene, chairside and practice teams.

Remove red flags for potential buyers by cleaning up your books. Engage Advisors can manage your accounting, cash-flow management, bookkeeping, payroll, tax planning and more!

What gets measured, gets improved. Thanks to dental dashboards, your dental practice will see real-time insights to help make your practice more efficient. The insights can highlight areas for improvement and result in a better bottom line.

The sale of your dental practice will come with tax implications. Engage Advisors can work with you to mitigate your tax obligations so that you can keep more money in your pocket.

A successful practice sale goes well beyond getting the right sale price. Engage Advisors works with sellers to qualify buyers, clearly explain the terms of the transaction and assist throughout the due diligence process. Have the right team on your side – work with Engage Advisors.