Choosing The Right Dental Broker

An image of the sign of a dentist office

It can be challenging to sell a dental practice that you’ve spent years building and nurturing. To add to that, understanding how to put up a dental business for sale can be even more difficult. In such a situation, hiring a dental broker could be of great help.

However, you need to ensure that the company you are hiring for this purpose provides top-notch service so that your dental practice goes into good hands and you can get a good deal out of it. There are a few ways to ensure that you are hiring a good dental broker.

  • Check Their Past Records: Learn how many similar transactions they’ve done in your area. Ask for records from the recent transactions for the purpose of client referrals. If the company is good at its job, they won’t hesitate before providing you this information. Talk to their previous clients and discuss their experience to set reasonable expectations for your own.
  • Ensure That They Exclusively Deal in Dental Practice Sales: Working with brokers who do several types of business may not ensure the kind of expertise that you require. A dental broker who exclusively works on dental practice deals full-time will usually have a large pool of buyers, which will ensure that you get the best possible deal for your dental practice.
  • Discuss How They Determine The Value of Your Business: There are several methodologies that are used to determine the value of a dental practice. Ask questions about these methodologies to your dental broker. They should be able to explain each of the methodologies in detail and will be willing to answer any questions you have.

Remember that you are selling something you have worked so hard on. Hence, no question is stupid. A dental broker should clear out anything you need to know.

If you are planning on putting your dental office for sale, CTC Associates would be a great choice. We work in Utah, Colorado, Arizona, New Mexico, Wyoming, Idaho, Alaska and Hawaii, and will be happy to assist you in putting up your business for sale.

Posted on Jan 11, 2021
Image Credit: File ID 722755 | © Dgilder | Dreamstime.com

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