By: Nydia Stefanakis
No one was scolded for forgetting to floss on March 10th and 11th when CBI Central Arkansas attended the 2023 Arkansas State Dental Association Annual Session. The event was held in Little Rock, Arkansas at the Robinson Center. This year’s topic was “Transitioning A Dental Practice”. Carl Grimes, Casey Grimes, and Nydia Stefanakis presented “Preparing for the Sale of a Dental Practice”. CBI Dental Practice Sales Specialist, Casey Grimes and CBI Chairman, Carl Grimes, guided more than 100 Arkansas dentists through the critical steps of this process. Areas of emphasis included:
- Starting the plan at least 2 years in advance and the significance of good record keeping
- Working with lenders and attorneys through due diligence, contingencies, and closing
- How to keep the transaction confidential while passing the baton
(click here to view the full slideshow presentation)
Senior Practice Broker, Casey Grimes, has helped dozens of dentists sell their practices. He and Carl led an engaging Q&A after the presentation. The team also made several important contacts while at the conference. Dr. Werner W. Schneider, DDS (Chair of the ASDA Committee on Continuing Education, Little Rock), remarked on the positive feedback he received from the association members about CBI’s discussion. Additionally, Dr. Terry Fiddler (ADA 12th District Trustee, Conway) was in attendance. He spoke with CBI about the importance of sharing our business knowledge with new dentists at a young dentist organization meeting being set for Little Rock later this year.
The CBI Team takes pride in having helped people confidentially sell and buy businesses for almost 30 years. Find out how we have sold over 850 businesses, and how we can help you. Visit our website by following this link and connect with one of our experienced business brokers today!
Remember to be nice to your dentist. They have “fillings” too.