Whether you’re hoping to sell your practice ASAP or just planning ahead, you have probably thought about the person who will eventually take over.
After all, that person will hopefully care for your patients for years to come.
Have you considered what they want from your practice — and what you can do to make your practice more attractive to them?
Through my work with ADA Practice Transitions™ (ADAPT), I’ve worked with hundreds of prospective buyers. Some are just out of dental school while others have been planning a purchase for years.
When you get down to it, they all want the same thing: a financially sound practice where they can do the type of dentistry that excites them and keeps them engaged.
However, that can be a bit nebulous. So how can you demonstrate that your practice will allow a buyer to succeed?
Think about the story that your practice tells a potential buyer. What does a buyer see or infer when they look at your practice, from the physical office to the financials? By looking through a buyer’s eyes, you can begin to identify things that need a bit of sprucing up. Consider how your practice stacks up on these 5 key attributes.