Selling your Dental Practice or Pharmacy post Coronavirus

With the tremors of the Coronavirus pandemic still reverberating and businesses counting the cost of the forced closures, now more than ever, the question we hear our clients ask is… “Is now a good time for me to sell my business?”

Pharmacies may have escaped the forced closures but operating in a world of social distancing has had its own challenges. As for dental practices, they have been directed to close their doors and may only now reopen from 8 June after a tumultuous period.  However pharmacy and dental practice owners and the whole business world is still coming to terms with Coronavirus and its repercussions.  Several dental and pharmacy owners who were planning on selling their businesses prior to the onset of the pandemic are still very keen to get their plans back on track and are considering whether now is it the right time to think about selling their dental practice or pharmacy.

Whilst the perfect time for a sale can never be predicted, a lot can be done to prepare your business for sale in readiness for the return of an economic climate when a level playing field resumes.  The best advice is to make the most of the “forced downtime” and the gradual “re-opening” into an opportunity to prepare your dental practice or pharmacy for sale and be ahead of the competition when business life resumes.  Completion will always be rife to attract buyers in a “buyers’ market” which often follows after unprecedented circumstances for business owners.

We at Wellers can discuss with you:

  • How to prepare your dental practice or pharmacy for sale and make the most of the uncertain times and the unpredictable times ahead.
  • How to achieve premium sale values even during these difficult markets
  • Understanding and reflecting on how the Coronavirus crisis has affected your market and the sale process
  • Your options if you decide to postpone selling your business until a more level playing field resumes and markets are more predictable

Please see the attached link for preparing your business for sale as now is a good opportunity to get your business ready for sale and improve its marketability.  We are also holding 30 minutes’ free zoom calls to discuss your business for sale.  If you would like to take up this opportunity, please register your interest here: