At Frank Taylor & Associates, we specialise in valuing dental practices, and when doing this hundreds of times a year, we get a good handle on the market and how it is changing.
As with most markets, things change, and in dentistry, it is the demand for dental practices that heavily impacts their value. It has mostly been considered that a practice valuation was reliable for an 18-month period; this has now changed.
Frank Taylor & Associates now recommends that you update the value of your dental practice every 12 months.
This advice is a result of a recent internal audit that found over 58% of practices valued in the last 18 months had risen by more than 40%, so that means a practice valued at £400,000 eighteen months ago could now be worth £560,000.
This view is also shared by the banks that lend to dentists, as it is imperative that they make decisions based on an accurate and up-to-date valuation.
If you have already had your practice valued by Frank Taylor & Associates, then arranging for it to be updated is free of charge. If you are looking to get your practice valued for the first time, we can help out, too.
You can get in touch here or by calling 0330 088 11 56.
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