FAQ
Buying or Selling a Practice?
Answers to the questions practice owners and buyers ask us most. If you cannot find what you are looking for, contact Dr Philip Baker for a confidential conversation.
I want to buy a freehold medical property, or sell my property as well as my business. Can you help?
Yes. Medical Dental Practice Sales is a licensed estate agency (Philip J Baker Pty Ltd, Licence No. 096452L), legally qualified to sell commercial real estate. We can sell your practice and its freehold together or separately, and act as your agent to source the right property for health professionals.
How do you appraise the value of my business?
We usually look at the practice's financial performance over the last two to three years, its growth pattern and potential, its location, the equipment, the number of consulting rooms or surgeries and the lease, and whether the principal is staying on after the sale.
Why should I use you?
Dr Philip Baker brings 28 years of experience as a practising clinician and decades of experience buying and selling healthcare practices. He is a member of the Real Estate Institute of Victoria (REIV), the Australian Dental Association and the Australian Institute of Business Brokers, so he understands both the clinical and commercial sides of your practice.
Do you advertise my practice for sale?
It is your choice. Many vendors prefer to sell privately and discreetly through our network of registered, pre-qualified buyers. We can also market your practice through our professional networks and contacts, and on appropriate online sites, classifieds and forums if needed.
Why use a licensed broker?
Licensed estate agents and agents' representatives are trained and legally allowed to sell property and businesses in Victoria. A licensed broker brings expertise in marketing, negotiation, deal structuring and a smooth transition. We find qualified buyers, keep the sale confidential and guide you through the legal and financial side of the transaction, so you receive a fair market value. Most importantly, we free up your time so you can keep running your practice without disruption to your staff or patients while it is being sold.