If you work in the dental industry, you may be looking to buy or sell a practice. Whichever direction you’re looking to take, hiring a dental broker is going to make the experience infinitely easier for you. This process may seem daunting at first, and you might be unsure of how to choose the right dental practice brokers for you. Luckily, there are key attributes you can keep an eye out for as you search for a dental broker.
1. Reputation
A quality dental practice broker will have a reputation that precedes them. Ask around to fellow dental professionals to gain insight into what worked for them when they were buying or selling a practice. When it comes to dental practice sales, it’s helpful to get some honest feedback from colleagues that you trust.
2. Pricing
When hiring a dental broker, it’s important to find one who doesn’t break the bank. According to our team, the most critical step in selling a dental practice is the valuation process. Opt for a company that offers affordable pricing. Whether you’re buying or selling a practice, saving money is going to be beneficial for you and your team. Ask about different options in order to maximize your investment. Remember, a business that earns $100,000 annually should sell for up to $300,000, according to Investor Junkie.
3. Experience
Working with a dental broker who has experience is a great way to ensure you’re getting the most out of your services. When you work with an experienced broker, you can feel confident in the fact that they know what they’re doing. Choosing to work with a team who has seen and experienced a plethora of different situations can help you feel confident that the team will be able to handle anything that’s thrown at them.
4. Customer Service
A hallmark of the business world, fabulous customer service is crucial to the success of any company. Do your own research and look online at reviews for any brokers you may be considering. Satisfied customers will often leave statements detailing their experience with the broker firm. Look for reviews that highlight aspects such as communication, reliability, and quality. The right brokers will offer all of these and more.
If you’re looking into hiring a dental broker, keep an eye out for a team who exhibits all of these qualities! Working with a reputable, affordable, friendly, and experienced company is sure to make the process much more streamlined. To learn more about how a dental broker can assist you, reach out to our team at Professional Practice Sales today. We’re here to help you, whether you’re looking to buy a new practice or sell your current one. Call now to discover how we can assist you through this process.
