In California, a
dental practice offers new dental professional a chance to branch out
into a new market. The dentist can start a new practice or expand to
a new location. Examining how dental practice brokers in San
Francisco Bay Area shows dental professionals what to expect.
the Local Market
The broker helps
dental professionals research the local market. They discover which
areas are more profitable for a dentist and which of those areas have
the most competition. The buyer needs a location that is profitable,
but it should offer some competition.
Dentists that are Retiring
criteria offered through the Multiple Listing Service allows buyers
to find practices owned by retiring dentists. A retiring dentist is
more likely to sweeten the deal by offering their patient roster. The
seller has no intentions of practicing in the future, and access to
the patient roster gives the new owner better headstart when opening
Properties that Meet Their Needs
records for the dental practice are accessible to the buyer. It is
important for them to evaluate the earning potential for each
practice of interest to make a well-informed decision. The practice
must have a proven track record of earnings to provide the buyer a
viable investment. The broker helps the buyer evaluate income
statements for the practice for at least the last three years.
Real Estate Transaction
The buyer and
seller attend a closing to complete the transaction. All equipment
that was included in the sale is turned over to the buyer. A new deed
for the property is created in the buyer’s name. A closing
professional assists the broker with all documents and closes the
In California, a dental practice is an incredible investment for new or seasoned dental professionals. The opportunity allows the dentist to open a practice in a new location and capitalize on a vast market. Brokers help dental professionals find the best property for their aspirations. Dentists who want to learn more about the transactions can contact dental practice brokers in San Francisco Bay Area at Western Practice Sales right now.