67: 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 CoveredCommon timelines for a practice sale and important mile markers in the journeyWes’ motorcycle analogy for the process of buying a dental practiceWhy it’s beneficial to hire your accountant and attorney at the point of NDAHow Practice Orbit technology shortens the timeline for selling your dental practicePotential consequences when the LOI to close period extends beyond 60 daysWhy 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 saleHow staging your practice for a sale is like preparing dinner for a family reunionWhy Matt & Wes suggest having a weekly huddle with your team to drive the practice sale forwardThe primary financial and tax documents you need to prepare for a practice saleConnect with Matt OdgersOdgers Law GroupOdgers Law on LinkedInConnect with Wes Read & Drew PhillipsPractice OrbitEmail [email protected] or [email protected] Practice CFOPractice CFO on InstagramPractice CFO on FacebookPractice CFO on YouTubeResourcesDr. Kevin Kenny on the Dental Board Room PodcastThe Role of Escrow on the Dental Board Room Podcast