Blog - OMNI Practice Group

by omniadminOctober 19, 2021 Seller Articles, Selling a Practice, Video0 comments

Advice for Dentists Who Are Thinking About Selling Their Dental Practice

For Dentists who are considering a practice sale – Here is some advice from an experienced Practice Transition Advisor – Megan Urban, Omni Practice Group. https://youtu.be/rRZE2qn9BUgVideo can’t be loaded because JavaScript is disabled: Advice for Dentists who are thinking about selling their dental practice (https://youtu.be/rRZE2qn9BUg)

Getting Your Practice Ready to Sell

By Cindy Pauley, DDS & Practice Transition Advisor, OMNI Practice Group You are ready! You woke up one morning early last week and said to yourself, “It’s Time!” You have loved being a practicing dentist. But for a multitude of possible reasons, you are ready to sell. So, what’s next? You look around and think is my practice ready to sell? All of a sudden you see the chipped paint...

Dental Seller Preparation Checklist

The best time to start preparing for your practice transition is three to five years from the date you plan on selling your practice. Since you may not really know that date, the best time to prepare is NOW! Here is a checklist of things you should do as you get closer to deciding to sell your practice: ___ Meet with your Financial Advisor – Discuss with your financial advisor that you are...

Top 5 Fears Dentists Have About Practice Ownership (And How to Overcome Them)

There are many advantages to owning a dental practice over being an associate dentist and not owning a practice. For one, the average dental practice owner makes approximately 20% more in income than an associate dentist working for someone else. A dental practice owner also gets to choose what procedures he or she wants to perform, refer out, or delegate to an associate (if there is one)....

Seller Carrybacks and Dental Practice Transitions Today

By Jen Bennett, Practice Transition Advisor You’ve heard the term “Seller Carryback,” but what does it mean? Seller carryback financing is when the seller of a given property, or in this case, a seller of a dental practice and assets, acts as a lender for the buyer if a conventional bank will not offer the full amount that the buyer needs to close the sale. Years ago, it was commonplace for a...