I agree with Madeleine Albright, former Secretary of State, when she said, “Every step in life should be more exciting than the last.” If you are contemplating an exciting new stage in your life, from buying your first practice to retiring from dentistry, then a roadmap is critical to your success. However, it is the […]

Do you know the value of your dental practice if something were to happen to you? It’s important to know the value of your dental practice. We are emerging from the most surreal time that we are likely to ever encounter in our lifetime. All of us have paused to reflect on what has happened […]

There are many reasons why dentists might want to have their practices appraised. Some of these reasons include:

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 […]

These are unprecedented times with dental offices closed for weeks and social distancing. Sadly, until 2020, social distancing was not a mainstream term. But here we are and social distancing is an everyday reality that permeates the news and our lives. What does this mean for your dental practice value going forward? The reality is, […]

Over the past several months, WE HAVE HEARD A GREAT DEAL ABOUT CHANGE. Change in any aspect of our life often creates some level of stress. However, some of us actually look forward to change and view it as an opportunity. One thing that is an absolute certainty is that change will happen in all […]

Dentists (sellers and purchasers), bankers. and brokers all want to know the value of the dental practice in preparation for a transition. Many dentists want to know if there is a down-and-dirty short cut using a simple formula to determine practice valuations. Dentists have heard or read about the price to gross ratio (the percentage […]

Often when we are hired to sell a dental practice, owners ask us if we think they should sell their building at the same time as their practice. Here are some questions for consideration: Location, location, location. Is the building located in a vibrant part of town where there is high visibility and a significant amount […]

Why you need to know the difference by Paul Rang, DMD, JD, and Greg Auerbach, MBA The question, “Do I need an appraisal?” often comes up when working with sellers, buyers, or even clients entering into partnerships, litigation, or estate planning. It is important to define the term appraisal. An appraisal is a formal opinion of value […]

There are many factors to be considered when attempting to increase the value of your dental practice prior to a sale. The primary goal is to make your practice as attractive as possible to prospective buyers. This doesn’t mean slashing staff salaries or adding shiny new equipment. Instead, you should identify the best aspects of your practice […]

Evaluating a dental practice for sale is a multi-step process. If steps are skipped, problems can arise before, during and after the transition. If this process is completed properly, however, the transition will be carried off in a professional and successful manner. Step 1: The Initial Consultation The initial consultation for a practice valuation should cover […]

There are several methods that are used by appraisers to determine the fair market value of a dental practice. While some methods are favored over others, all of the methods arrive at an estimated value that is an acceptable reflection of a particular practice’s market value and what a prospective buyer might pay for it. […]

There is a lot of misleading information about how to increase the value of a dental practice.

Dental valuations are relatively complex processes, and dentists can easily find themselves paying thousands of dollars to valuation companies when they want to determine fair market value. It is therefore important for dentists to have a better understanding of dental valuation before they make any commitment. They must understand the advantages and limitations of valuation reports […]

If you’ve ever watched one of the popular trauma ER documentaries, you’ve probably thought, “I’m glad that wasn’t me!” After reading these actual practice purchase traumas, you may think, “I’M GLAD IT WASN’T ME.” FUTURE SALE DATE: A practice had $300K collections. Nearby, a young dentist agreed to buy the practice to merge it into […]

(Please note that the following article is not intended to be a legal opinion or to address other legal issues that might arise in the case of marriage dissolution. Typically, divorce law is governed by state statute and state legal precedence. Accordingly, one should seek competent legal advice from an attorney familiar with marriage dissolutions.) […]

In the course of a year, we will receive several calls from a grieving spouse or staff member, informing us that the doctor has suddenly passed away. The spouse or staff member has been given our name by other dentists, the dental society, the dental association, or the dental board. The question is always the […]