Wednesday, August 27, 2014

Dental Practice Financing 20 Years

If you are the owner of a dental practice in Queens and want to know about selling of dental practice. Then you have reached at a right place. I believe you will find answers of most of your questions in this article.

First of all you are not the only one who is planning to sell dental practice in Queens.
This is going on from so many years. But there is a need to know certain things before handing over your dental practice to someone else. Taking a right decision at the right time is the key to success.


If you want to earn a good profit out of this then you should start course of action today. To sell dental practice in Queens, after long years of practice can be very rewarding if you do this rightly. Now I am going to discuss with you what you have to do for selling your dental practice in queens.


Practice Valuation


So now you have made your mind to sell your dental practice in Queens. First of all what you have to do is to conduct valuation analysis of your Practice in Queens. Take your time and do this in a realistic way. Because it will dictate you that what profit you are going to get out of this selling of dental practice.


Make A Check List


Make a list of all types of equipments, inventory and whatever you are including in sale. Assemble all important documents like insurance policies, federal tax returns, purchase agreements, property ownership documents, accounts information, balance sheet etc. Patients records should be maintained and kept very carefully. Make another list of your staff members.


Maintain High Standards Of Practice


In order to make the selling process attractive you have to maintain high standards of practice. So, that your business is appealing to buyers. Make your facility tidy, orderly and pleasant. A high profile within the local community increases the profit for seller ultimately.


Hirng A Broker


Hire a real estate agent or use your contacts to sell dental practice in Queens. Real estate agents are really helpful as they save your time and effort. You have to pay them fee. But you can save fee by eliminating the option of broker and finding buyer yourself.


Inform Staff Members And Patients


When you have made the decision to sell your practice and you have found a buyer then write a formal letter to your all current and previous patients and inform them about the transaction. Inform your staff members as well. Provide them with ample time to find a new job if your buyer is not ready to keep the previous staff. Maintain good behavior with your staff as a gesture of good will. Because now you are leaving your impression on them and that impact must be good.


Final Transaction


Now its the time to sell your dental practice in Queens. It is such an emotional moment. But now there must be no indecision state. All documents should be completed carefully and full record should be maintained.


I hope this article has provided you a guideline to help you in selling your dental practice.



Dental Practice Financing 20 Years

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