I Want to Sell My Dental Practice in Australia: How Can I Maximise Its Value?

Have you been thinking about selling your dental practice and retiring after many years of hard work, or moving on to a new passion or work industry? If so, Dental Acquisitions can help. Established in 2012, we specialise in helping dental professionals just like you sell their businesses. When you are ready to move on, we can take control of the sale of your practice to ensure that you get the maximum price possible.

What is Dental Acquisitions?

At Dental Acquisitions, we work in the business brokering industries, which means that we help spearhead and manage the sale of businesses. Unlike some other brokerage firms in our industry, though, we have chosen to focus solely on the dental industry. As a result, we have quickly become knowledgeable in this particular niche, with the expertise to help you sell your dental practice in Australia and a database of potential buyers to make the process go faster.

Our laser-like focus on the dental industry and the positive results we consistently deliver to our clients have allowed us to expand quickly. Today, we service clients Australia-wide. We have brokered the sale of dental practices not just from one private practice dentist to the next, but also to corporations, health funds, private equity firms and larger privates. When you choose us to sell your dental practice in Australia, you can rest assured that both it and you will be in good hands.

Three Ways to Boost the Value of Your Dental Practice Before You Sell

One of the questions we often hear at Dental Acquisitions is this: 'How can I boost the value of my business before I sell my dental practice.' We will do all of the negotiating to make sure you get the highest price possible for your business, but if you want to boost the value of your asset, here are three suggestions:

1. Update the office: In particular, private practice dentists looking to purchase new practices want to see an office that is both well-maintained and, if not state-of-the-art, at least up-to-date regarding dental technology. Repainting and carpeting can enhance the feeling of 'newness' in the space while updating equipment, from dental chairs to your x-ray machines, it can help turn your practice into a more valuable and in-demand asset.
2. Be active online: If you are ready to sell your dental practice, do you need to continue looking for new patients? Absolutely and considering how digitally-minded most people are today, one of the top ways to do that is with a good website and a warm social media presence. Just remember that the more patients you have, the more attractive your practice will look to potential buyers.
3. Take care of your accounts receivable: You don't want to leave money owed to you by patients or insurance companies on the table when you sell your practice. Once you know you're headed out the door, clean up your accounts receivable and make sure all of the payments clear. That money belongs to you, so don't leave it for the next owner of the practice to take once you are gone.

Do you have any questions about selling your dental practice in Australia, or are you interested in setting up with a meeting with the brokers at Dental Acquisitions? Give us a call today, on +61 402 049 974.