Dental practices are bought and sold much like any other business and for much of the same reasons. It can be a complicated and frustrating process, which is why many choose to use a brokerage. The decision to sell can be difficult and the reasons depend on the owners. However, there are a few common reasons for dental practice sales in Arizona.
One of the more common reasons for selling dental practices is retirement. The dentist who owns the practice is ready for days of leisure but doesn’t want to see his patients and staff left without the needed services. Instead of closing the doors and causing people to lose jobs or have to find another trustworthy dentist, they decide to sell the practice in the hopes jobs and services won’t become interrupted. This is particularly true for those who have practiced in the same area for an extended period of time and their patients have become like family.
Relocation is another common reason for selling. The reason for relocation can vary greatly from dentist to dentist and can include: partnership offer, teaching opportunity, family issues, spousal relocation, and changed climate comfort. By selling instead of closing down, the dentist could fund the starting of a new practice in their new location. Not only that, but they don’t want to see their friends and patients left without proper dental care. Nor do they want to see their staff left without jobs.
Another common reason people sell their dental practice is if they have, or will be going through, a career shift that leaves them no longer needed or being of value to their current practice. Career shifts don’t necessarily mean leaving the dental care field but could include returning to school to further their education to become specialized in a particular type of dentistry. Another example would be a dentist who no longer wants to work solely with children, but would like to include adults as well.
Regardless of the reason for Dental Practice Sales in Arizona, it can still be a difficult decision and a complicated process. For more information, visit the website of Western Practice Sales. They specialize in dental practice sales.