I am often asked, “How do you appraise a dental practice?” and “What percent do you use to get the price?” If the process were that simple, we wouldn’t need experts in practice appraisal, just a calculator that can multiply two numbers. Professional appraisers approach the task of every appraisal with the same principles. In… read more »
Archive for the ‘Valuations’ Category
How to appraise a dental practice
Wednesday, April 1st, 2009Practice appraisal — the foundation of a successful transition
Friday, January 2nd, 2009Dental literature often quotes this formula — The value of a dental practice is 60% to 70% of annual collections. Why, then, should dentists pay to have comprehensive, professionally done appraisals of their practices? No dentist I know would pay a half million dollars for a home built on a foundation of sand. They know… read more »
Why not sell now?
Saturday, November 1st, 2008One of the hardest decisions for dentists to make is when to sell their practices. This decision is often not totally rational but can be driven by emotions. We normally find that the choice to sell is five years later than the seller prefers. Many different factors come together that motivate many to sell their… read more »
