Whatever your reason for selling your dental practice, be confident you are getting the best advice. You can start your journey below by answering just a few simple questions.
Selling your dental practice is a big decision and not one that you will be taking lightly. Maximising the value of your dental practice will be a key consideration and to achieve this you need a dental practice sales agent that has the skills and resources to achieve this for you.
With years of experience working in the dental sales market, we have completed on more dental practice sales than any other business in the UK. With a strong, unrivalled track record in selling dental practices and dental practice valuations within the UK, we have a unique knowledge of the demand for practices in different geographical areas. This coupled with the most comprehensive database of qualified potential purchasers, we can find the most suitable purchaser for your dental practice. What is more, our expert team fully understands how best to the sales process through to a successful completion.
There is a lot to consider when valuing and selling a dental practice and experience has taught us that no two dental practices are the same. From the very start, we will work closely with you to prepare accurate and comprehensive information that clearly reflects the unique elements of your dental practice to potential purchasers. We will also spend time understanding what you are looking to achieve by selling your dental practice.
All practices sold with us are launched to the open market (unless we are requested not to) and not just to a select few, as we believe this builds competitive pressure and achieves true market value prices. We also present your dental practice for sale in a confidential manner so that your team and patients are not aware your practice is for sale. Selling a dental practice can take some time and part of our role is to preserve confidentiality until the deal is well progressed and then help manage the introduction of the buyer to your team. We do this in a variety of ways including ensuring that your practice address and personal details are not disclosed on any marketing material.
Selling your dental practice could well be an emotionally journey and we will support you using our wealth of experience and ensure you are also well set up for after completion. If required, we can introduce you to our specialist tax planners to mitigate and minimise any resulting tax liability once your practice has been sold.
We can also, if required, arrange your Energy Performance Certificate (EPC) – a legal requirement if you are planning to go ahead with a sale regardless of whether the premises are freehold or leasehold.
In choosing Frank Taylor & Associates to sell your dental practice, you can be confident that we will work for you; we are very clear in our duty. We will only realise a commission fee once a sale is completed and, unlike our competitors, we DO NOT accept a commission fee from a purchaser – to us that is a clear conflict of interest and often not in the best interest of you, the seller.
Selling your dental practice for free can be tempting but is not without risk. Dentistry.co.uk recently highlighted this issue and you can find more out about the reality of selling for free here – https://www.dentistry.co.uk/2020/08/04/selling-dental-practice-free-great-idea/ (hyperlink the word here please)
As a company we adhere to the Practice Sales Promise, a voluntary code of conduct that sets minimum standards within the dental practice sales market with the overall aim of making the process of buying and selling a dental practice more straightforward and transparent. This is the key to our approach and the reason we have achieved such superb results when it comes to the sale of our clients’ practices over the years.
For more advice or to speak to a member of our specialist sales team about a dental practice valuation or selling your dental practice, call 0330 088 1156.