I sold my practice in 2018 using Frank Taylor & Associates. The first stage is probably the most important – the valuation.
Tianna So came to the practice quickly and within a couple of hours had all the information to get the valuation process started. Basically this means getting a good feel of the practical aspects of the business and understanding the culture / ethos / branding then listing/valuation of all the equipment and finally analysing the last 3 years financial information and patient lists. With all this valuable information Tianna put together a proposed valuation which then gets reviewed by a panel at FTA.
As a Chartered Accountant and business owner I already had a good idea of the valuation but it gave me comfort to see the FTA valuation and supporting documentation in line with my expectations. The value and offer price has to be fair and realistic and both the seller and buyer need to feel that there is something good about the deal.
Tianna was very helpful during these crucial early stages and recommended Tom Coates at FTA Law to act as solicitor for the transaction. It is imperative to use a good dental specialist solicitor and Tom and his team were excellent throughout the due diligence, sale and purchase agreement and completion.
I would recommend Frank Taylor & Associates to anyone thinking of selling their practice.
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