How do I sell a dental lab?
Sellers of a dental lab often prepare it to run without them. Write down case workflows and pricing, keep the dentist accounts steady, protect confidentiality with clients and technicians, and some talk to likely buyers such as another lab, a senior technician or a dental group.
Selling a dental lab differs from selling a dental practice. There are no patient charts to hand over and no associate dentists to introduce. What a buyer takes on is a set of dentist accounts, a team of technicians and a way of getting cases through the shop. Your job is to show that these hold together when you step back.
Who tends to buy
Buyers usually come from a few places. Another lab may want your accounts or your capacity. A senior technician may want to own what they already run. A dental group may want its own lab. Each asks different questions, so think about who you would be comfortable handing the business to, and tell your broker or advisor so the search matches.
Keeping accounts and staff steady
Dentists send work to people they trust, so a sale can unsettle them. Decide when and how to tell your key accounts, and who tells them. The same goes for technicians, who may worry about their jobs. Use a confidentiality agreement with any buyer before sharing client names, and share them only as late as the process needs.
Documenting the lab so it runs without you
Write down how a case moves from impression or scan to delivery, who checks quality, how remakes are handled and how you set prices for each dentist. Keep clean records of work by client and by case type. The BDC guide to finding the right buyer is a sensible read before you begin.
Related reading
12 pages on the same subject, grouped by topic.
Valuation
Selling
- Expert answerWhat happens to unfinished patient treatments when I sell my dental practice?
- GuideSelling a medical laboratory in Canada
- GuideSelling a medical imaging centre in Canada
- GuideSelling a medical clinic or family practice in Canada
- GuideSelling a medical aesthetics clinic or med spa in Canada
- Expert answerShould I use a broker to sell my dental practice?
Buying
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to Find the Right Buyer for Your Business
- 02Business Development Bank of CanadaGovernmentWhat is a confidential information memorandum (CIM)?
- 03Business Development Bank of CanadaGovernmentLetter of intent and confidentiality agreement for a business acquisition: What clauses should be included?
- 04Canada Revenue AgencyGovernmentRestrictive covenant
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