Buying your first dental practice will be one of the most exciting steps you will take in your life. If you are tired of being in an associate role and yearn for a place of your own, you should consider making this investment.
However, acting on your passion is not the answer to running a dental practice successfully. Here’s a list of questions to ask yourself to determine how ready you are:
What is the asking price for the dental practice?
How much does the dental practice make annually?
Does the practice have any liabilities or outstanding debts?
Can the current owner provide a detailed financial history of the practice?
Do you have enough saved to live on for six months in case of emergencies?
What is the transition plan for the current owner?
Should you hire a dental broker in Utah for the process?
Is the current owner willing to provide training and support?
Take the time to evaluate each aspect of the practice to ensure a successful and rewarding investment. Get in touch with CTC Associates to get access to a team of professionals who have handled thousands of transactions of dental practices for sale in Utah. Check out their articles to gain knowledge of dental practice sales. Browse their online inventory of listings to review dental real estate. For more information, call 801-298-4242.