Your dental practice is a valuable asset so if you’ve decided to sell then it’s important you get a valuation from an independent expert before you put your practice on the market and accept an offer.
Dental practices vary considerably and there are several key factors that will impact on a practice value. Anyone valuing a dental practice needs to consider comparable market data and ensure this data is up to date – there’s no point using market data that is two years old!
The dental sector is also complex. Anyone putting a market value on your practice must understand how the market works and what the differences are in the contracts etc. They must also look at how the practice is being run as this will impact the value.
At the end of the day, when you sell your practice you want to get the best possible value for it.
Our advice is to make sure you consider the following 7 key factors when taking the first steps towards selling:
For any further advice on valuing or selling a dental practice please call 0330 088 1156.
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