Selling a business is always very involved, but when the business has been a labor 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 entirely, you will be using the ‘walk-in walk-out’ sale model. This model allows you 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 ensure you take 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 significant changes upon purchase before generating income, it will drastically impact the sale price. Ensure that your equipment meets national standards, has appropriate certificates, and is in full working order.
If the equipment is old or in disrepair, you will lose a lot of bargaining power. A potential buyer is much more likely to pay what you want if they see that the practice has been managed professionally. Industry currency and the ability to offer all standard procedures will be a major consideration 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 emphasizes 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 want to sell or buy a dental practice, a broker specializing in this type of business will 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 specializes 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, make the best deal, and find the right buyer.
Dental practice sales brokers are not only experienced in the market but are knowledgeable about dental practices. If you’re looking to buy or sell, their expertise is invaluable. Dental practice business sales require specialized knowledge to ensure all parties get what they need. Buyers looking to acquire a healthcare business will appreciate dealing with a broker who understands the industry. The benefits of having a specialized professional to buy or sell a dental practice in Australia are significant.
Searching for Qualified Sales Candidates? Contact Dental Acquisitions Today.
Many individuals strive to buy 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 or to schedule a free appraisal, contact us today.
