In Arizona, dental professionals review their options when they decide to retire. When this life event arrives, the dental professional must consider what to do with their practice. The existing practice could mean a real shot for an up-and-coming dental professional to start their career. A local broker provides dental professionals with help when they are ready to sell a dental practice in Arizona.
Identifying the Selling Price
The broker helps the dental professionals arrive at a selling price for the practice. They review the current market to establish a fair and reasonable price. The price must help the current owner to acquire a profit but also pass the torch to a new dentist who wants the same opportunities.
Marketing the Practice to Investors
The broker helps the current owner market their property to investors. They add the property to their website to showcase it to possible buyers. They add images and information to local property magazines, newspapers, and external websites. This provides exposure to a larger market audience. It can also help the dental professional sell their property faster.
Exploring the Terms of the Contract
The broker helps the current owner to set up the terms for the sales contract. The terms define all stipulations for purchasing the property. This may include keeping the existing staff. The current owner has the right to prevent their workers from losing their jobs.
What Comes with the Property?
Typically, the current owner must decide what is included in the sale of their property. This may include equipment and tools as well as furnishings. The broker adds these items to the details about the property. These details could attract more buyers, as these items could save the new owner money and time.
In Arizona, dental professionals who want to retire must start the process by selling their existing practices. The process enables them to provide a new and unique opportunity for a new dentist. A local broker helps them prepare for this life event. Dental professionals who are ready to sell a dental practice in Arizona can contact a broker through Western Practice Sales.
