Managing director / Business Broker Darren Smith ensures leading New York area Dental Supply company continues in the hands of a new owner, operator
When it comes time to sell a business, a business broker can be a vital part of the process.
And so, when a leading New Jersey-based dental supply company owner wanted to secure new talent to take over the business, finding a broker that shared the vision of effortless transition was paramount.
Turning to the professional business brokers at Murphy Business Sales, that owner found an unwavering ally in Darren Smith.
Smith was pleased to announce that the business is now in a prime position to grow under the new ownership. Most importantly, the previous owner can relax knowing the company he built for over three decades will continue.
“Whenever we can connect an outgoing business owner with an entrepreneur ready and able to take over an established business, it’s a win,” said Darren Smith, Managing Director Murphy Business Sales, Montclair.
But with some transactions, it is of vital interest to ensure a business remains in the area, and he said this latest transaction is an excellent example of that need.
“This dental supply company distributes and resells dental supplies to the immediate area,” Smith said. “As they specialize in supplying disposable and non-disposable dental products to providers across the area, they found a niche. Since opening, they have become a staple supplier to those that would have had to otherwise reach out of the area, taking their revenues with them.”
While large businesses likely have succession plans, business brokers, like Smith and Murphy Business Sales, are known for helping main-street businesses continue past a sole operator.
And helping those businesses helps the larger area economy.
“This dental supply business found a void in the market where the competition did not offer personalized attention,” Smith said. “They created connections, and without the business continuing, it could be devastating to the overall stability of the area. Dental supplies are vital, and hiccups can cause significant difficulties.”
“This business was entirely repeat business and had developed an excellent reputation by providing its customers with quality products backed by knowledgeable and attentive customer service,” he continued. They offer products like gloves, masks, gowns, bibs, cups, Lidocaine, cements, endodontics, disinfectants and more. Items that keep dental offices running.”
Every business should have the opportunity to continue, he said.
“Not every business is vital to the community, but every business is a success story, and with a broker, that success can continue,” Smith said.
With the help of a professional business broker, confidentiality will be ensured, the right buyers will be attracted, the best terms will be negotiated, and the sale will be successful.
“It takes a lot of hard work and dedication to build a successful business,” Smith said. “The sale of a business can be a business owner’s greatest achievement or a complete disaster if done incorrectly. There are so many things that can go wrong in the process. A good business broker can keep the process safe and secure for all parties involved.”
While Smith is always happy to help area businesses, he said Murphy Business Sales can assist as a broker across the U.S.
“Helping locals is tremendously rewarding, but local small businesses need help everywhere. As a New Jersey-based business broker serving the New York Metro Area, we have brokered deals with almost every business model. We are proud of our work in the greatest city in the world and the larger metro, but that experience has made us an expert in any business imaginable. Murphy Business Sales looks forward to helping clients across the U.S. needing a top-tier business broker.
When you’re ready to buy a business, we’re ready to get you the deal you deserve.
Looking to Buy or Sell a business? Trust Darren Smith and the experts at Murphy Business Sales, Montclair NJ Office
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