When you’re ready to sell your dental practice, you want to be sure to get the best return for your years of investment and hard work.

1. Plan early

The preparation to sell will take longer than you think. This is particularly important if you’re looking to hit a ‘magic number’ before selling so that you have a certain level of income for your future.

2. Arrange a dental practice valuation

You should arrange a valuation of your practice as early as possible – ideally a few years before you’re thinking of selling. This should be a professional valuation, and not from your accountant. An independent valuation will consider your business from a different perspective. It will provide you with suggested changes to help increase the value of your practice – put them into action, they will serve you well in the future.

3. Decide on your exit horizon and work backwards

Having an exit date in mind will help you put your plan into action so you can maximise the value of your practice ready for when you sell. This is key if you’re timing your exit with retirement. Bear in mind, the type of buyer acquiring the practice will influence the post-sale arrangements as sales of larger practices to small groups or corporate operators will almost always require you to be tied to the practice post-sale for between 2-5 years.

For some principals, ensuring the continuity of their legacy for patients and team members is a key consideration. If this is the case, this needs to be factored into your exit date.

4. Make changes early

Operational changes need time to embed to have an impact on the value of your practice. So take expert guidance, implement recommendations appropriately and timely to see the benefits.

5. Ensure you’re not overstaffed

This makes a big difference to your bottom line. Your expert valuation will be able to identify if you’re overstaffed and dental practice sales experts can show you the impact of this in terms of practice value.

Questions?

Book a valuation here or contact us to have a confidential chat about your future plans.

The post How to Sell My Dental Practice: 5 things to do before you sell appeared first on Henry Schein Dental Practice Sales.

Maja Thompson, Director of Henry Schein Dental Practice Services said:

“A reduction in interest rates is good news for all of us as consumers, mortgage holders, anybody servicing a debt, but especially for buyers looking to buy a first or next practice. Bank lending rates have already started to come down this year from the recent highs, and lending appetite is returning. Any reduction in rates is good news for buyers as it makes their purchase, if bank funded, more affordable in the long run.

This is also a good time to reassess financing needs for practice owners as they may have bought or refinanced their practice while rates were high. All in all, it is good news for borrowers!”

Next steps

If you’re considering selling, discover your practice’s true market value by booking a valuation with one of our experts. If the recent changes have made you think about buying, view our range of practices for sale or register as a buyer and we’ll guide you through every step.

The post Interest Rates Cut – what does this mean for buying and selling a dental practice? appeared first on Henry Schein Dental Practice Sales.

On this episode of the Dentists Who Invest podcast, our director of Practice Services Maja Thompson shares insights on navigating the complexities of a practice exit while preparing for life after dentistry.

Listen now to learn more about:

• Strategies to transition smoothly into retirement without feeling lost or unfulfilled.
• Key steps to a seamless sale, from early planning and tax considerations to diversifying income streams for financial security
• Breaking down the practicalities of selling, including due diligence, legal agreements, lease negotiations, and the increasingly complex process of transferring CQC registration.

Listen to the episode here

The chat was led by Dr James Martin, the founder of Dentists Who Invest to listen on demand here

Get expert help to mitigate rising costs and protect the value of your practice

By acting now, you can protect the profitability of your practice which is the most important measure when it comes to valuing your practice when you come to sell. Book a valuation here or request a call back from one of our experts to see how we can help.

The post Listen: Do These Things To Make Your Dental Practice Exit Stress Free appeared first on Henry Schein Dental Practice Sales.

Our new insights report provides an in-depth look at the perspectives of dental practice owners, providing valuable insights into their goals, challenges, and aspirations for the year ahead. Through a comprehensive set of survey questions, we’ve gathered essential feedback to better understand the priorities of owners.

This report also highlights input from dental professionals across the industry, uncovering emerging trends, challenges, and new opportunities that will influence the future of dental practices. Don’t miss out on these crucial insights to help you plan for the year ahead.

Download your copy

The report covers key areas including inside the dental practice, the day job, the dental industry and future priorities. Download your copy today

Questions?

If you’re considering selling or buying a dental practice, or need to refinance, chat to one of our experts by contacting us here.

The post Inside The Industry: Practice Owners’ Goals & Challenges in 2025 and beyond [Free Download] appeared first on Henry Schein Dental Practice Sales.

BDIA Dental Showcase 2025 will take place on 14 & 15 March 2025 at London Excel, featuring 300+ dental suppliers and 130+ speakers with 67+ hours of CPD.

We’ll join the Henry Schein Dental team on the Henry Schein lounge (Stand F38) meeting practice owners who want to understand the value of their practice and answering questions such as how to increase the value of a dental practice by reducing costs and driving profitability, or when’s the best time to start planning an exit strategy or what to consider when selling or buying a practice.

We’ll also be supporting buyers looking for their first or next purchase, with experts available to discuss opportunities that match their buying criteria.

The Henry Schein Dental Recruitment team will also be on-hand to answer any questions about staffing issues in your dental practice, and explain how we can help. Our recruitment experts will also be available to add dental professionals to our dental hub, to ensure they receive notification of future opportunities that match their career goals.

How to register for our Mitigating Costs presentation

We’ll be partnering with leading dental accountancy firm UNW to present in the Business Update Theatre on Saturday 15 March. Join us for a discussion around the rising costs of owning a dental practice, how these can be mitigated to increase profitability of your dental practice.

The presentation will take place at 2-2.30pm on Saturday 15 March, led by Director of Henry Schein Practice Services, Maja Thompson and Head of Dental at UNW Mike Blenkharn.

Can’t make the show?

If you can’t attend BDIA Dental Showcase, why not watch our Mitigating the Rising Costs of Owning a Dental Practice webinar or you can arrange a call back from one of practice sales experts to discuss your circumstances.

Ready to book a valuation? Book a visit from our team here

The post We’re speaking at BDIA Dental Showcase 2025 appeared first on Henry Schein Dental Practice Sales.

The Chancellor announced £40 billion in tax rises, with the largest part of this coming from increases in employers’ National Insurance Contributions (NICs) from April 2025.

We’ve partnered with UNW, a leading national advisory team acting for over 500 dentists across the UK to host a Q&A for dentists. The live session provided an overview of the Autumn Budget in relation to dental practice owners or anyone looking to purchase or sell a dental practice followed by answers to their most frequently asked questions including:

• What are the effects of the budget for associate dentists?
• Are there any ways to mitigate pensions being captured by Inheritance Tax from 2027?
• How will the budget affect business loans for those looking to buy a practice and for those looking to sell?
• Do we feel this budget will impact practice valuations and how to overcome this?
• With the CGT changes, is there an effect on how sale proceeds will be apportioned between goodwill, property and fixtures & fittings?
• Is there an advantage in changing mixed practices from a partnership trading structure to a limited company structure in lieu of the changing tax rates?
• Interested to hear how to minimise BADR
• What does the NI rise mean for a limited company with a single director (no employees)?

And more!

Watch the Autumn Budget Q&A for dentists

The live session hosted by Henry Schein Dental Practice Sales and delivered by Mike Blenkharn and Charles Linaker was recorded on 4 November 2024 for dentists to watch on demand here

Download your guide

UNW has compiled an Autumn Budget summary which includes changes announced during the Budget, and measures previously announced, but only coming into effect from April 2025 or later. The guide provides a summary of changes relating to personal tax, employment, business, capital taxes, inheritance tax and other matters. Download your copy today

Questions?

If you’re considering selling or buying a dental practice, or need to refinance, chat to one of our experts by contacting us here.

For expert specialist advice and bespoke tax planning, contact the UNW Tax partners

The post Autumn Budget 2024: What does it mean for buying or selling a dental practice? [Free Guide] appeared first on Henry Schein Dental Practice Sales.

UNW is a leading national advisory team acting for over 500 dentists across the UK. The free online event is perfect for dental practice owners and will provide an overview of the Autumn Budget in relation to dental practice owners or anyone looking to purchase or sell a dental practice followed by answers to the most frequently asked questions received, and any questions you have on the night.

Mike Blenkharn, Partner and Head of Dental at UNW LLP said:

“This one is going to be significant. With rumours circulating of what may be announced in the Budget, it is certain all dentists are going to be affected.”

Maja Thompson, Director of Henry Schein Practice Services added:

“If capital gains tax is increased, depending on the implementation timescales, we’ll be helping our network of sellers manage their sale quickly and efficiently. It’s also not currently known whether the government will announce adjustments to BADR (formerly Entrepreneurs Relief) thresholds, which may compound the tax burden of an asset sale.”

How to register

The live Q&A webinar took place on Monday 4 November 2024. You can access the recording here

The post We’re hosting a live Q&A to answer your questions about the Budget appeared first on Henry Schein Dental Practice Sales.