When Should You Sell Your Dental Practice? 7 Signs It Is Time
Most dentists wait too long to sell. The average retirement age for dentists is 67, but the best sale prices go to owners who plan 2-3 years ahead. Here are 7 signals that your window is open.
- You are within 3-5 years of your target retirement date
- Your collections have been stable or growing for 3+ years
- You are turning down new patients
- Your equipment needs significant replacement
- You are losing enthusiasm for clinical work
- A DSO or competitor has expressed interest
- Your lease is coming up for renewal