How Long Will It Take to Sell My Dental Practice? Part 1—with Matt Odgers

Once a dentist makes the decision to sell their practice, they want it done yesterday. 

So, how long does a practice sale usually take? What can you do to accelerate that timeline?

On this episode of the Dental Board Room Podcast, Dental Attorney Matt Odgers joins host Wes Read to walk you through a typical timeline for selling a dental practice.

Matt and Wes discuss common delays that prolong the process, describing how to avoid those issues and shorten the timeline for a practice sale.

Listen in for insight on staging your practice for a sale and learn how to leverage Practice Orbit technology to fast-track the process of selling your dental practice.

Topics Covered

• Common timelines for a practice sale and important mile markers in the journey
• Wes’ motorcycle analogy for the process of buying a dental practice
• Why it’s beneficial to hire your accountant and attorney at the point of NDA
• How Practice Orbit technology shortens the timeline for selling your dental practice
• Potential consequences when the LOI to close period extends beyond 60 days
• Why it typically takes 4 months to sell a practice (once you’ve made the decision)
• What you can do to shorten the timeline for a dental practice sale
• How staging your practice for a sale is like preparing dinner for a family reunion
• Why Matt & Wes suggest having a weekly huddle with your team to drive the practice sale forward
• The primary financial and tax documents you need to prepare for a practice sale

Connect with Matt Odgers

Odgers Law Group

Odgers Law on LinkedIn

Connect with Wes Read & Drew Phillips

Practice Orbit

Email wes@practiceorbit.com or drew@practiceorbit.com 

Practice CFO

Practice CFO on Instagram

Practice CFO on Facebook

Practice CFO on YouTube

Resources

Dr. Kevin Kenny on the Dental Board Room Podcast

The Role of Escrow on the Dental Board Room Podcast