In Arizona, owners of dental practices complete vital tasks when selling the property. The key to selling professional practices is a smooth transition. Each party benefits when the staff and existing patients transition smoothly to new business operations. A local broker provides explicit details about how to sell dental practice in Arizona.
Removing the Seller’s Belongings
Any items that aren’t included in the sale are removed from the property. The items include personal belongings, furniture, and decor. All non-essential items are removed after a contract is signed. Typically, the items are used for staging purposes when prospective buyers are visiting the practice.
Transitioning to New Management
All workers who remain must transition to new management. A practice sale includes an existing staff who work for the current owner. The contracts outline provisions to keep the staff whenever possible. The seller helps their staff transition to new policies introduced by the new owner. All changes begin prior to the closing and prevent issues moving forward.
Transitioning Patients to the New Dentist
The existing patients are introduced to the new dentist through the transition period. The existing client roster is provided to the new owner, and the patients have the choice to remain in their care or not. The seller assists the new dentist in managing the care of their patients. The existing patients are more likely to remain with the new dentist if their dentist recommends them.
Completing the Closing Process
The closing process officiates the sale of the dental practice. All wire transfers are completed, and an attorney oversees all legalities. The seller provides keys for the practice to the new owner. The closing documents define when the new owner takes possession of the property.
In Arizona, dental professionals place their practice on the market when retiring and relocating. The transition through the sale requires the existing staff to follow new policies issued by the new owner. The seller helps the buyer retain their patients by introducing the new dentist to the patients. Dental professionals who want to learn more about how to sell dental practice in Arizona contact website and set up an appointment today.
