Thursday, March 25, 2010
Get Ready to Sell!
It takes a lot of information to sell a dental practice. You have to have 3 years of tax returns, at least one year of bank statements and profit and loss statements at a minimum. Most banks and buyers also want computer reports showing demographics and procedures. The more information you have to provide to a buyer and bank, the more you can sell your practice for. If you own more than one practice, you need to have separate bank accounts and tax schedules for both. If you don't, the banks will be suspect of your stated revenue. The difference between a seller selling on his/her own versus an experienced, ethical broker can be as much as 30%! Reno Iannini, Broker at First Choice Practice Sales has helped hundred of dentists maximize their selling dollars. It takes PLANNING to maximize your final sales price. When you are thinking about selling, it is time to talk to us so we can start the process of helping you get the highest price for your practice. Call us today, 949-548-4559 or see us online at www.firstchoicedds.com.
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