What to do before you sell your dental practice?

Selling a business is always very involved but when the business has been a labour of love, it can be overwhelming. Getting a valuation is a great place to start but it may also be wise to employ the services of dental practice sales brokers.

Decide what type of sale you are looking for. Do you want to sell and run or stay on as an employee?

Understanding the options for sale is a vital part of preparing for sale. You may be interested in managing the practice but keen to ease the financial responsibilities around assets or you might be interested in buying a bigger practice.

If you are ready to step away from the business in its entirety you will be using the ‘walk-in walk-out’ sale model. This model means that you will be able to step into the next chapter of your life with no strings attached.

Alternatively, you may not be ready to walk away from the business, your team or your patients. You may be interested in the ‘seller-stays-on’ sale model which allows the seller to step out of the ownership role and into an employee role.

Consulting with a professional dental broker about all the ways that a sale might manifest will make sure you have taken the sale option that is best for you.

Make sure your essential equipment and facilities are all up to date.

This will be a huge selling point for a potential investor. If they are required to make a huge amount of changes upon purchase before generating income it is going to drastically impact the sale price. Ensure that your equipment meets national standards, has appropriate certificates and is in full working order.

If equipment is old or in disrepair you are going to lose a lot of your bargaining power. A potential buyer is much more likely to be willing to pay what you want if they can see that the practice has been managed in a professional way. Industry currency and the ability to offer all standard procedures is going to be a major sticking point for any prospective buyers.

Buying a Dental Practice in Brisbane and Beyond: Our Network

Buying a dental practice demands both a strong budget and an equally strong understanding of market value - traits our team emphasises through a network of over 200 dentists, private equity firms, corporations, and more. We've assembled a list of qualified investors, all able to accommodate our clients' financial needs. We ensure that every business receives competitive offers from viable candidates.

Engage the services of a professional dental broker.

Whether you are wanting to sell dental practice or buy a dental practice, a sales broker that specialises in this type of business will be able to help you through the process.

The commission fees may only be a small portion of the improved sale price when going through a broker. A quality broker, particularly one who specialises in dental practices will likely get you a much bigger return on your investment. A professional dental broker knows how to get you a higher sale price. They have the skills needed to make the best deal and find the right buyer.

Dental practice sales brokers are not only experienced in the market but they know dental practices and will be a wealth of knowledge if you are looking to buy/sell. Dental practice business sales are not like other sales. There is a specialised nomenclature and knowledge that is needed to ensure all parties are getting what they need. Someone who is ready to buy healthcare business will appreciate dealing with a broker who understands the industry. The benefits of having a specialised professional to buy or sell a dental practice in Australia will be exponential.

Searching for Qualified Sales Candidates? Contact Dental Acquisitions Today.

There are many who strive toward buying a dental practice in Brisbane, Melbourne and beyond. Not all of these individuals will provide you with the profits (or stability) you need. This is why our team assesses all potential investors, constantly improving our network and providing our clients with the results they deserve.

To learn more about our buyers - as well as to schedule a free appraisal - contact us today:

Email

ian@dentalacquisitions.com.au

Phone

61-402-049-974

Address

Suite 103A
964 Mount Alexander Road
Essendon, 3040