A dental practice sale typically takes 1 to 4 months, but it is best to plan for up to 6 months. The timeline can vary based on location, rent, number of operatories, revenue and sale price, staffing, insurance reimbursements, office condition and equipment, visibility, and the specific needs of the buyer and seller.
Many Factors Can Affect the Timeline
That’s a loaded question, as there are SO many variables, such as location. As you might imagine, there is a much smaller market for a practice in Delano than in West Los Angeles.
Other factors that influence the timeline are total rent, number of operatories, gross revenues relative to the sale price (the theory is that the more magical a price sought, the more time may be needed), remaining staffers, insurance reimbursements, the look and equipment of the office, and visibility, to name a few.
Practice Location and Visibility
Of these, the most alarming trend is that a visible location is practically sought by all. Professional buildings present a challenge unto themselves.
And while rent and terms may be better in high-rise locations, clearly the consensus is that a street-level location with sign exposure ensures greater market exposure.
Typical Timeline: 1 to 4 Months
With all these factors taken into consideration, the typical timeline continues to be 1 to 4 months, but it’s best to plan for 6 months. Here again, the needs and desires of the buyer or seller govern the timeline.
Discuss Your Timeline From the First Call
Mr. Bermudez or his expert staff will openly discuss this and your needs as early as the first call so that your expectations can be addressed and met.