Please note that since your situation might change, you will be asked to renew your “purchase request” form every 2 years, otherwise the form will be deleted.

For example, a dentist that has graduated and completed training could advertise seeking to purchase an established dental practice from a dentist that is close to retirement. That way, the young dentist could reduce the risk of starting and building a practice i.e., investing in equipment, before being sure of winning a client base. A handover period would further allow the young dentist to develop his experience running a practice with support from the retiring dentist, and perhaps retain the retiring dentist to consult after either on specific cases or even on reduced hours should the retiring dentist still wish to continue some limited practice. With time, the young dentist would look at effecting improvements to the practice e.g., replace the existing dental equipment with modern equipment, digitalize the appointment system, increase the number of dental chairs to accommodate specialists etc. An advertisement outlining the above considerations would potentially resonate with a retiring dentist without an obvious successor, who might be interested to reach out to sell his practice. This example extends across industries, and is equally applicable to hairdressers or confectionery shops.