Practice Transitions Group offers three ways to get a dental practice valuation. If you’re considering selling your practice, scroll through to find which method is right for you. You an also find a link to Practice Transitions Group’s Proven Process Map in this post.
A Practice Valuation Formula for Every Career Step Read More »
What does a broker do? A dental practice broker underwrites, markets, and negotiates the sale of a dental practice or dental practices. The dental practice broker is part of a larger team at Practice Transitions Group. The client also has access to a These financial experts know which reports to pull and how to pull
What do Practice Brokers Do for Practice Transitions? Read More »
What is an add back? As you may know from talking to a dental practice broker or this article on SDE, an “add back” is a defensible, discretionary business expense that isn’t necessary for running a dental or medical practice day-to-day. For example, dental exam tools and the cost of rent are necessary for running
Add Backs (and Why It’s Worth Cleaning up Your Books Before Selling a Dental Practice) Read More »
Looking for the best way to sell a dental practice? Our most experienced advisors at Practice Transitions Group would say the best way to sell a dental practice is to be prepared.
The Best Way to Sell a Dental Practice Read More »
As a medical entrepreneur, investing in real estate for your office is likely to be the most crucial decision you’ll make during your career. After years of balancing school and life decisions, making another enormous investment in yourself is a huge accomplishment that also comes with a lot of stress.
What effect does your practice’s real estate have on its value? Read More »
Keep Your Cards Close to Your Chest Keep the circle of people who know you are considering selling very small – preferably only people you have a professional non-disclosure relationship with like your attorney, a practice broker, and possibly your CPA. There are many important details of a staff and patient transition to a new
Preparing Your Practice For Sale Read More »
In the Transitions division of our business, where we help dentists sell their practices, we’ve seen a few common decisions that make some practices much harder to sell than others. When a practice is harder to sell, we get fewer offers and lose a lot of negotiating leverage with potential buyers. To be clear, our
Common Practice Pitfalls that Lower Valuations Read More »
While not often discussed explicitly when searching for a location, the real estate you choose for your practice can have a significant impact on the value of your practice in a sale. Real Estate is One of Your Largest Fixed Costs Real Estate is Typically the second or third largest cost for a practice behind
How Your Real Estate Choices Affect Your Practice Value Read More »
Being smart about your commercial lease can save a lot of headaches and money later, and open up easy-to-miss opportunities. We recommend an easy, four-part strategy: Track Important Lease Dates Many people make the mistake of assuming the only dates that matter in a commercial real estate lease are the start and end date. However,
Your Yearly Lease and Real Estate Check Up Read More »