Selling a Dental Practice Through Our Practice Broker Service
We are market leaders in brokering dental practices in the UK.
We can help you through the entire process from start to finish.
You may have thought about selling your dental practice for some time,
and wondered where to start.
You may have a collective of dental practices you have built up over a career?
We have a database of buyers of dental practices and close relationships with our clients.
We specialise in connecting buyers with sellers and bringing about the smooth
transition of the sale.
Please read our information below concerning selling your dental practice.
Contact Us Today to find out more information.
Common Questions When Considering Selling a Dental Practice:
1. How much will it cost to market my practice?
We will come to visit you at the practice, at a time convenient to you and conduct
a practice appraisal. This is completely free.
In some cases we are able to sell your practice for free – meaning no broker fees.
If this is not possible, the only time that we charge you a fee is if we are successful in selling your practice, and this is calculated as a percentage of the sale price.
2. How are practices valued?
There are three elements that make up the price of a practice.
1/ The Bricks and Mortar (if freehold), 2/ the Fixtures Fittings &
3/ Equipment and the Goodwill.
3. What happens to my Stock?
Stock levels fluctuate a good deal throughout the process.
Usually, stock will be purchased separately by the buyer at the point of completion
when an accurate stock take can be done.
4) What is Goodwill?
Goodwill relates to the value of the business.
It is usually calculated as a percentage of turnover, but can also be
based on a multiple of net profit. It takes into account the location of the practice,
how long established its profitability and other relevant factors.
5) How long will it take to sell my practice?
This varies practice to practice, however, as a general rule of thumb we would allow between 1 and 3 months for marketing and a further 3 to 4 months for the legal process.
6. How do you vet the Buyers?
Each of our buyers signs a ‘Buyer Agreement’ with us.
This commits them to 3 main things. One is to allow us to check them financially,
the second is their agreement to our deposit structure, but most importantly it commits them to confidentiality.
We appreciate that most practice sales are confidential and we take this very seriously at PracticeBroker.co.uk.
7. I work until 5pm every day, when can I speak with you?
Our offices are manned between 8.30am and 9.00pm Monday to Thursday
and 8.30am til 5pm on Friday. We can speak with you outside of surgery hours
, which is of benefit particularly if your sale is confidential.
8. Can I use my family solicitor?
It is entirely up to you which solicitor you wish to use. We strongly recommend using a specialist dental solicitor as they have more in-depth knowledge of issues that may be raised during a practice sale.
We have a panel of specialist solicitors that we can refer you to if required.
Dental Practices For Sale
Dental practices as investment vehicles and as businesses in their own right are extremely attractive propositions. Demand will stay strong with returns in the sector being favourable in comparison with most other sectors. With the shortage of UK Dentists and the desperate need for new NHS Practices and the Private Dentistry sector growing extensively, there has never been a better time to buy or sell.