To round up the end of a year, we thought it would be fun to look back on the numbers that make up a dental practice transition. Consider this your cheat sheet to get you through the last crazy days of this decade.
Minimum dollar value of a dental practice that tend to move more quickly when put on the market, one of the many factors that contribute to how long it will take to sell your dental practice.
Percent of a dental practice’s value that is made up of “goodwill,” those non-categorized tax assets that need to be taken into consideration when selling your dental practice.
Percent of overhead that is ideal when lenders look to finance dental practices.
Dollar amount new dental practices need for equipment, leasehold improvements, and working capital, all of which you should consider when shopping for a lender.
Days it takes for the due diligence process between the buyer and seller.
Percent by which you’ll decrease your no-show appointments when your dental practice goes digital.
Days it takes for the buyer and seller to agree upon terms of the transaction during the letter-of-intent process.
Online directory listings the average dental practice has, all of which will need to be updated during a relocation.
Months of patient data—including active versus inactive, average number of new patients per month, and number of new patients—that is evaluated during the demographics valuation.
Percent of the weighted value of hard assets when valuating your dental practice.
Years it takes to complete the buy-in process, one of six options when transitioning your dental practice.