Optimising Your Practice Finances – stop overpaying on your practice acquisition loan
Are you overpaying on your practice acquisition loan? Many dental professionals may not realise ...
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MediEstates is now Henry Schein Dental Practice Sales, proud to be part of the Henry Schein group of companies
Are you overpaying on your practice acquisition loan? Many dental professionals may not realise ...
08/02/2024 • Zoe Forde
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Find answers to our most frequently asked questions from our clients.
The length of time can vary depending on the practice type and buyer type. Typically a practice sale completes within 4-10 months. For a more detailed discussion about your own circumstances please contact us.
This very much depends on your lifestyle goals and your timeline for exiting the business. In some transactions, the buyer may ask you to work on for 1-5 years and so it is important to plan ahead and ensure you start the sale process early enough to match your proposed timeline. It’s also vital to think about which type of dental buyer you want to sell the business to, as this may impact upon your planned exit date.
Dental practices continue to be appealing purchases for both independent and corporate buyers with the banks and private equity investors keen to lend within the sector. As the market is fluid it is best to reach out to us for a valuation. Each practice is unique and our regional Business Development Managers will be able to advise you on the current market trends that will impact your particular practice and when the best time is to sell.
A dental buyer will want to see growth potential within a dental practice and the available chair-capacity or expansion space to capitalise on this. Stability is really important post sale, so a buyer will benefit from a steady in-flow of patients and a stable clinical and support team. Having an appealing physical environment is also important to attract buyer interest.
The due diligence process is often the biggest time commitment for sellers. We have an in-house due-diligence specialist who will support you through the sale and can provide you with a checklist early on the in the process so you can start to prepare the required documentation.
contact@hsdpracticesales.co.uk
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Stanier Way
Derby
DE21 6BF
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