Are You Ready for the Impending Buyer’s Market?

Dentists over the age of 55 made up 40% of the workforce, up from 31% in 2005. With an excess of dental practices about to go on sale and a limited number of buyers, the market is shaping up to be a buyer’s market.
BuyersMarket_Revised

In 2015 the ADA released a fascinating stat: Dentists over the age of 55 made up 40% of the workforce, up from 31% in 2005. With an excess of dental practices about to go on sale and a limited number of buyers, the market is shaping up to be a buyer’s market. By teaming up with a dental advisor-broker to prepare your practice for sale a few years in advance, you can ensure your practice is more competitive and can achieve a higher valuation.

As a seller, the key to winning in a buyer’s market is to package your practice’s valuable assets. The selling process can be a complex, multi-step process, and oftentimes a lot of these steps occur way before you may even consider selling. That’s where advisor-brokers come in, to help highlight what it is that makes your practice more desirable, more profitable, and better managed than other practices on the market. Getting from Point A (deciding to sell) to Point B (sealing the deal) isn’t always easy, but making it as easy as possible for sellers is the very thing we’ve built a reputation on.

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