Practice Appraisals

It is important to establish the value of your dental or medical practice for a variety of reasons, such as:

  • Selling your practice
  • Second-opinion appraisal
  • Bringing an associate or partner into your business
  • Retirement or estate planning
  • Determine personal net worth
  • Prior to marriage; prenuptial agreements
  • To allow for fair disposition of assets for estate or disability purposes
  • Establishing a baseline for future business endeavors

There are many factors used in calculating the value of your practice. At Professional Transition Strategies, we use the most effective method of calculating your practice’s worth by looking at both attributes and challenges and how they have impacted the success of the practice. Some of the factors used include:

  • The practice’s location, visibility and population of city or town
  • Type of medicine or dentistry, revenue sources, active patient base
  • Growth potential
  • Patient attraction and retention rates
  • Reason for sale of practice
  • Projected patient and revenue retention after the sale
  • Condition and age of medical and dental equipment based on wear and tear as well as technical advancement
  • Office décor and condition
  • Long term trends of the practice’s revenue and profit margin

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stephenSeilerDDS
I found that running a successful dental practice for 36 years in no way equipped me for a transition. Kyle walked me through the complex process which culminated in a sell for me and the purchase of an established practice for a young dentist. Make your life change easier with Professional Transition Strategies help.
Dr. Steve Seiler
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