By Alex Barrit, Dental Prac Sales
There is an obvious difference between a dental chair and a deck chair. Firstly, there is a significant price difference; secondly, most people would rather be sitting in the latter.
With 2017 fast approaching, many Principals are taking some time out of their business for the first time this year. This time away from the practice can be a great time to reflect on why you got into your own practice and how far you have come. It is a great time to review the year past, and think about your longer term plans. Maybe ask yourself whether the priority of owning a practice is as important as it was when you first opened the doors your own name. Do you want to continuing being a business owner? Or would removing some responsibility actually be something that makes you happier? Could someone taking over the financials, staffing and marketing see you enjoy life a little more? Would some more flexible working arrangement mean some more time with family and friends?
With unprecedented prices being achieved for practice sales, there has never been a better time than now to make some changes and put a strategy of succession into your practice.
You have built a successful practice through years of hard work and excellent patient care. With the right buyer, the practice will continue on with your indelible mark of trust and leadership – providing peace of mind to you, your staff & patients.
Selling your practice doesn’t have to mean immediate retirement. Structured well and with the right buyer in place for your practice, you can position yourself to transition out any time from 3 months to over 5 years. It really is the time to investigate selling and reaping the benefits from your investment. It can also mean securing the future for your staff and your legacy, without compromising what you have established.
If you are thinking about selling your practice in the next five years to a dentist, corporate group or associate, we can help you find the right buyer that will customise terms based upon your needs.
So, why not make 2017 one step closer from working over a dental chair to sitting in a deck chair.
Look at our latest listings…
Richmond, Victoria This practice is located in Richmond and been in operation for over 20 years. The Principal is willing to work one day a week in transition. This is a one chair practice but can easily be converted to a two chair practice. It has a turnover above $600K and is priced circa $350,000 inclusive of equipment. Flexible lease terms.
Mornington, Victoria This ultra-modern fitout has 4 rooms and offers Dental and Cosmetic services. It houses the latest equipment, technology and trained staff. It boasts great signage, exposure and parking. Flexible lease and freehold also for sale.