The Cost of Dental Practice Valuation

A dental practice valuation is much like a preventative checkup on your practice’s financial health. A certified broker/valuator will take an in-depth look at the health of your business and diagnose any areas that may need adjustments or improvements. Periodically paying for a quality valuation on your business will put you in the best position to get your practice in top shape when you are ready to sell it. The cost of a practice valuation will vary widely based on the complexity of the practice(s) involved. Some factors that affect the valuation cost include: Are there multiple locations? Are there [...]

The Cost of Dental Practice Valuation2021-05-31T16:05:36-06:00

The Best Way to Sell a Dental Practice

No matter what your reason is for selling your dental practice this article will review some best practices for preparing and selling your practice.  Ideally, the process of selling your practice begins three to five years out from selling your practice, so call your ADS broker to set yourself us for a smooth and profitable practice transition. Financial Planning for Your Dental Practice Transition: In preparation for your retirement, you need to pay off your debts, make a list of your assets and your future sources of income, know or determine your monthly and yearly cost of living expenses, and [...]

The Best Way to Sell a Dental Practice2021-05-31T16:17:59-06:00

When to Start Planning to Sell Your Dental Practice

As an entrepreneur, a successful dentist, a respected part of the community and a business owner, you will at some point have to make the decision to exit. Do you have an associate willing, able and financially capable to buy a portion or all of your practice? Some, unfortunately, make a terrible, and most likely very costly, mistake of trying to do it alone. They may ask their accountant or attorney to help or share with their colleagues their desire to sell. The truth is, the initial planning to sell should have started before the decision was made to sell. [...]

When to Start Planning to Sell Your Dental Practice2021-05-31T16:20:05-06:00

Dental Practice Valuations in a Post COVID-19 Environment

Prospective practice owners and sellers alike are wondering how COVID-19 will impact professional practice values. And, while nobody knows what the future holds, we certainly can make reasonable predictions based on historical facts to help prospective buyers and sellers prepare for the upcoming practice transition market. First, let’s explore the Dental Valuation marketplace pre COVID-19 Many significant factors came together to influence the practice transition market in recent years, and consequently, the values of dental and related specialty practices. “Corporate dentistry,” student debt, reduced fee insurance, historically low interest rates and changing generational priorities, plus many other factors, influenced a [...]

Dental Practice Valuations in a Post COVID-19 Environment2021-05-31T16:24:10-06:00

7 Key Steps to Selling a Dental Practice

1) Build Your Team of Advisors: Broker/Consultant, CPA/Accountant and an Attorney and keep them in the look on all topics big and small. Trusted advisors are key to a smooth transition and in the end will save you time and money. 2) Prepare to Transition Clearly outline the goal you have for transitioning your practice with your Broker. Be brutally honest with why your transitioning now and what your concerns are in transitioning your practice. 3) Secure a Practice Valuation from a degreed dental analyst. You need to find out what your practice is worth in the current market environment [...]

7 Key Steps to Selling a Dental Practice2021-05-31T16:25:16-06:00

6 Tips for Preparing to Sell Your Dental Practice

1. Confidentiality is Key: Telling your staff, your friends, and your patients that you are considering retiring in two years will guarantee that you will have no practice left to sell in two years. Your patients will start looking for a new and younger dentist, and your staff will have their ear to the ground for their next job. There will be plenty of time for your retirement announcement after you have sold your practice and your check has been deposited in the bank. Make sure that your CPA, your significant other, and your children realize the importance of non-disclosure. [...]

6 Tips for Preparing to Sell Your Dental Practice2021-05-31T16:31:21-06:00

Come Visit Us at the Colorado Dental Association 2019 Annual Session June 6-9

We will be proudly exhibiting at the 2019 Colorado Dental Association Annual Meeting on June 6 – 9, 2019 at the Stanley Hotel in beautiful Estes Park. Of course, be sure to stop by our booth in the Exhibit Hall so we can fill you in on the recent happenings in dental transitions and practice valuation trends- a lot is happening! We are offering a 15% discount to any attendees that mention this blog when visiting our booth. […]

Come Visit Us at the Colorado Dental Association 2019 Annual Session June 6-92021-05-31T15:32:16-06:00

Another Full House Attendance During Our “Considering Buying A Practice” Seminar on March 21st

What a great time we had at the sold-out "Considering Buying a Practice" Dinner on March 21st, 2019. The Dental practice seminar was geared toward Dentists that are looking to own their own practice. Thank you Ryan Nolan- Bank of America, Nate Woudstra- EOS Healthcare Marketing, and Jed Esposito- ADS Precise.  We had a full house of dynamic doctors that gave the event rave reviews.   Keep an eye out for future dinners by visiting our site or signing up for our email updates.  

Another Full House Attendance During Our “Considering Buying A Practice” Seminar on March 21st2021-05-31T15:20:11-06:00

Join us on Friday April 12, 2019 at Shanahan’s Steakhouse for a FREE Dinner Seminar “How to Capitalize on the Sale of Your Practice”

Prepare Now to increase the sale of your practice in the future. Presented by Industry Experts from ADS Precise, Bank of America and Patterson Dental. TOPICS OF DISCUSSION • Discover the pros & cons of buyer types • How does Corporate Dentistry impact you? • Key steps on how to prepare to sell if you are 3-5 years away • Corporate dentistry from a lender’s perspective • What does today’s buyer look like and can they actually get financing with all their student debt? • What kind of options are available to buyers to purchase a practice • The high [...]

Join us on Friday April 12, 2019 at Shanahan’s Steakhouse for a FREE Dinner Seminar “How to Capitalize on the Sale of Your Practice”2021-05-31T15:30:55-06:00

Join us on March 21, 2019 for FREE Dinner Seminar “Considering Buying a Practice?”

Presented by a Panel of Experts from ADS Precise, Bank of America and EOS Healthcare Marketing. Topics of Discussion include: Keys to getting your “financial house” in order before you buy, Learn what a bank expects from borrowers today, Discover how much dental practice you can afford, Understand dental practice valuations, Learn the importance of demographics & market analysis, Rebrand or not to rebrand Date:  Thursday, March 21, 2019 Location: Colorado Dental Association 8301 East Prentice Avenue Suite 400 Greenwood Village, CO 80111 Registration 6:30 p.m. – 7:00 p.m. Seminar 7:00 p.m. – 9:00 p.m. Dinner & Beverages will be provided [...]

Join us on March 21, 2019 for FREE Dinner Seminar “Considering Buying a Practice?”2021-05-31T15:34:09-06:00
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