Dental Practices For Sale In Sydney | Dental Brokers
Are you seeking dental practices for sale in Sydney or looking to sell your dental practice? We are specialist dental business brokers and have transacted a significant number of dental surgery sales across Sydney. Since 2014, our firm has assisted in the transition between dental buyers and sellers of small solo sites to major practices located across multiple locations with significant staffing levels clinical offerings. Sydney offers a significant opportunity for both dental practice buyers and dental practice sellers in an active market of dental practices for sale. If you are looking to sell a dental practice in Sydney contact us for a confidential conversation.
Licenced and Registered Dental Business Brokers in Sydney
As licenced dental business brokers and corporate licencees in NSW, we can undertake dental practice sales on behalf of our clients in Sydney and surrounds. We are also members of the Australian Institute of Business Brokers (AIBB) where we undertake ongoing CPD activity and training. This also ensures that we are at the forefront of legislation changes and laws around all dental practices for sale for our clients in Sydney. If you are looking for experienced Sydney dental business brokers, please contact us.
Dental Practice Valuers in Sydney
As well as being dental practice brokers, we are also registered dental practices valuers. Having sold a significant number of practices, we hold a wide range of specific market evidence of Sydney dental business sales. As registered dental practice valuers (RBV) we are qualified and experienced to be able to produce these reports for a wide variety of reasons including family law, partner buy in / out, sale, tax reasons. For more specific information on practice valuations in dental, please read here.
Dental Practices For Sale & Getting The Right Price
How do we determine what your dental practice is worth? Dental practices transact in the market under a multiple (number) x adjusted EBITDA or profit. A lot of factors go into determining both the multiple number and also the adjustments or normalisations of the financial accounts. A comparative approach is used to benchmark your practice against a whole range of similar practices. These are dental practices for sale that have actually transacted or sold in the market in Sydney or other capital cities. This is information that we hold from transacting dental practice sales in Sydney and other capitals since 2014. This data forms part of the evidence base in the determination of value of dental practices. Some factors assessed include
- number of full time dentists
- hygienists and other clinical staff
- reliance on owner and impact of their departure
- gross billings among practitioners
- assets – chairs, OPG, CBCT
- location – suburb, shopfront, exposure, branding etc
- breakdown of funding streams
- age of business
- database of patients
- systems and processes
- profit
- rent and lease terms
- personal drawings
- non business related expenses
- scope for growth
All the above factors go into the calculation and comparative process in order to determine a dental practice “market value” in Sydney. If a brokerage or accounting firm does not have this sales history, then how can they calculate an accurate price?
Why use an Experienced Dental Practice Broker?
As specialist medical business brokers with significant experience in dental practice sales we understand the intricacies of your business. Non specialist or generic business brokers do not have the same level of understanding but more importantly do not hold the historical market evidence upon which to be able to accurately determine the value of your Sydney dental practice. Having an incorrect value can either undersell your dental practice or see it passed over by dental practice buyers who move onto the next opportunity. Non specialist brokerages also do not have an active database of vetted dental practice buyers in Sydney or indeed the rest of Australia. Sometimes buyers might be interstate but looking to move to Sydney and watching the market, we have been building our database constantly since 2014.
How Do We Work With Dental Practice Sales in Sydney
Medical Business Brokers run a traditional brokerage service that includes a small upfront preparation, representation and marketing fee at the time of listing. This is followed by a fee at the point of sale of the dental practice. We are paid on results, those being the sale of your practice for the best possible price and the most amenable exit terms. Our final fee is invoiced when your practice is sold and you have the cash in the bank. We do not charge monthly ongoing fees for no result.
Want More Information On Dental Practices For Sale Or About Selling Your Practice?
If you are a practice owner and seeking specific confidential information on dental practice sales in Sydney or surrounding areas, we welcome you to contact us for further information on dental surgery sales. For more detail on the sale process, read here
