Can I Sell My Practice Without the Real Estate?
Yes, most dental practices sell without real estate. The practice (goodwill, equipment, patient records) transfers while the building lease continues or gets assigned to the buyer.
How Practice-Only Sales Work
Lease Assignment
- Landlord approval required
- Buyer assumes lease obligations
- Security deposit transfers
- Remaining term continues
Leasehold Interest
When lease has significant remaining term, it has value. Buyer purchases the right to occupy the space.
Landlord Requirements
- Credit check on buyer
- Personal guarantee
- Assignment fee (often $1K-$5K)
- Documentation review
Buyer's Perspective
Most buyers prefer leasing initially:
- Lower initial investment
- Flexibility to relocate
- Reduced risk
- Focus capital on practice
When to Include Real Estate
- Significant property appreciation
- Practice tied to location
- Investment property strategy
- Buyer specifically wants building
Bottom Line
Selling without real estate is standard. Ensure your lease has adequate remaining term (3+ years) and landlord cooperation for smooth assignment. This is how 80%+ of practices transfer.
Lease assignment questions? Contact DentalBridge.