5 Steps You Should Take After Selling Your Dental Practice

Dental Practice

Congratulations! You’ve successfully sold your dental practice and are ready to move on to the next phase of your life. Although, the process doesn’t end there just yet. There are still several things you must do after selling your dental practice to ensure a smooth transition and maximize the benefits of the sale.

Today, we’ll share with you the five key steps you should take after selling your dental practice.

First, Notify Your Staff and Patients

One of the first things you should do after selling your dental practice is to notify your staff and patients. This can be a difficult conversation, especially if you have been running the practice for a long time. However, it is crucial to be transparent and honest with your staff and patients to maintain their trust and loyalty.

Inform your staff as soon as possible about the change in ownership. Provide them with details about the new owner(s) and any changes in policies or procedures. Also, ensure that they understand their job security and benefits, as well as any new expectations from the new owner(s).

Communicate with your patients by sending out a letter or email to inform them of the change in ownership. It is essential to reassure them that the new owner(s) will continue to provide the same quality of care that they have come to expect from your practice. Consider offering an open house or meet-and-greet with the new owner(s) to provide an opportunity for patients to get to know their new dentist.

Second, Manage Your Finances

After selling your dental practice, you’ll need to manage your finances carefully to ensure a smooth transition. Make sure you understand the tax implications of the sale and seek advice from a financial advisor or accountant if necessary. You should also review your retirement plan and determine how the proceeds from the sale will affect your future financial goals.

If you have any outstanding debts, such as a mortgage or business loan, consider using the proceeds from the sale to pay off those debts. This will free up your cash flow and allow you to focus on your new endeavors without worrying about financial obligations.

Third, Take a Break

Running a dental practice can be stressful, and the process of selling your practice can be emotional and exhausting. Therefore, it is essential to take a break and give yourself time to recharge. Perhaps you can take a vacation or spend time with your family and friends. This will help you relax and clear your mind, allowing you to focus on your next steps.

Fourth, Consider Your Next Steps

After taking some time off, it’s time to consider your next steps. You may decide to retire, start a new business, or pursue a new career path. Whatever you choose to do, make sure it aligns with your long-term goals and values.

If you plan to retire, consider how you will spend your time and what activities will bring you joy and fulfillment. If you plan to start a new business or pursue a new career, research your options and develop a plan for success.

Fifth, Stay Connected

Even though you have sold your dental practice, it’s important to stay connected with the dental community. Attend dental conferences, join professional organizations, and stay in touch with your colleagues. This will help you stay up-to-date with the latest trends and advancements in dentistry and maintain your professional network.


Selling your dental practice can be both exciting and challenging. At the same time, with careful planning and execution, you can ensure a smooth transition and maximize the benefits of the sale. Remember to notify your staff and patients, manage your finances, take a break, consider your next steps, and stay connected with the dental community. By doing so, you can move on to the next phase of your life with confidence and excitement.

Do you want to learn how to sell a dental practice? Ash Dental CPA is a team of professionals that can ensure that the sale of your dental practice goes smoothly. Contact us today to learn more!