Consider Your Transition Style When Buying a Dental Practice

Aug 17, 2019 | Management

Looking to Buy a Dental Practice? Consider your Transition Style

You’ve been seaching for a dental practice for sale. You’ve narrowed down your options. Before you proceed, have you thought about your transition style?

Are you a turn-key, a short-transition, or associate-to-buy?
It’s time to acquire your transition style.

You have many choices:
1) a turn-key is when the seller leaves the day after the sale
2) a short-term transition is less than six months
3) and long-term may be up to 2 years!
4) Or, do you need to be an associate first?
5) An employee?
6) Buy-in over five years?

Consider your personality and how well you work with others when considering your options. Early discussions with the prospective seller on how this might play out are critical in finding the right match for you.