Even if you love being a practicing dentist and serving your community, you will eventually want to retire and move onto something else (even if that means just taking a break!). There are many different reasons why practice owners choose to sell, but there are some universal signs that indicate it might be time to sell your dental practice.
You Are Ready to Retire
One of the most common reasons why dentists choose to sell is retirement. Choosing to sell your dental practice can give you the capital that you need to pursue your hobbies, take time to relax with your family, or start another business venture that you have a passion for. If you are selling your practice as part of retirement, it gives you plenty of time to find the right buyer who will value the patient base that you’ve built up and take excellent care of your remaining employees.
You Find Yourself Dreading Work
It might feel vulnerable or uncomfortable to admit it, but if you find yourself dreading work and missing the drive that led you to open your practice, it might be time to sell your dental practice. There are many parts of running a practice that can be stressful, even if your practice is doing well.
If you are starting to resent your practice or the profession and you’re in a financially stable position, selling your practice might just be the best thing that you can do! Your physical and mental health are important. If your heart is no longer in running a dental practice, you should not feel ashamed for moving on.
Your Value Is High
Due to your hard work, you might find that your dental practice has a much higher value than it did when you purchased it. If you have worked hard to attract a large patient base, hire great staff, and optimize your revenue, interested buyers might make you an offer that is too good to refuse. If your practice value is high, it can be a great time to sell your dental practice and profit from all of your hard work. Make sure that you work with the right service to make the sales process seamless, like APEX Reimbursement Specialists.
Improve Your Dental Practice with APEX Reimbursement Specialists
Whether you’re looking for a way to make the insurance verification process easier or hoping to improve your overall patient communication plan, APEX Reimbursement Specialists is here to help. Contact our team today by calling (410) 710-6005. We look forward to working with you to make your practice a more profitable place.