If you’re buying or selling a dental practice, who do you need on your transition team? On this episode of The Dental Practice Sale Podcast, your hosts Wes Read and Matt Odgers discuss the professionals involved in a dental practice sale, describing the responsibilities of the three required service providers—the CPA, attorney and banker. Wes…
A letter of intent or LOI initiates the dental practice sale process, signaling that a buyer is serious about taking the next steps in the transaction. So, who drafts the initial letter of intent? Should your CPA and attorney review the LOI before you submit it? Is it a binding legal document? On this episode…
The letter of intent or LOI is a legal document that outlines the preliminary terms of a proposed offer to acquire a dental practice. So, what are the terms every LOI should include in a dental practice sale? And what are the optional terms buyers and sellers might want to consider? On this episode of…
Many dentists make the mistake of slowing down as they get closer to retirement. The problem is, banks don’t like a downward trend. And if you want the highest possible valuation for your practice, Dr. Bob Marcus, DMD, recommends practicing at 100% until the point of sale. But how do you make that decision? How…
If you’re looking to sell a house, listing it on Zillow is a good way to attract a pool of qualified buyers. But the same option doesn’t exist for those of you looking to sell your dental practice. In fact, you’ll be lucky to find a handful of potential buyers through a local broker or…
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