Our practice finance services
When it comes to practice planning, we’ve got you covered. From writing a practice plan, valuing your practice, or negotiating an acquisition or a sale, our experienced team of dental accountants and business advisors are here for you every step of the way.
Buying a dental practice
How we can help
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Business plans
Practices with a plan are more likely to succeed than those without. It seems pretty obvious, but not all practices have a plan. A simple plan provides clear objectives and guidelines, so everyone knows what they’re working towards. In turn, the business will be more productive, wasting less time on things that aren’t important.
When it comes to Practice planning, the simpler, the better. It’s about taking time to work on your Practice to identify the goals that you want to achieve, how you’re going achieve them and who’s accountable for what.
Our directors have strong commercial backgrounds, by asking you the right questions, we’ll produce a tailored Practice plan for your dental business.
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Financial Due Diligence
Financial Due Diligence is the only opportunity to understand everything you need to know about a Practice , before a purchase goes ahead. Until this point, the seller holds most of the negotiation cards. If you’re buying a Practice, you need to be completely satisfied everything is as it seems.
If you’re selling, you want to be aware of every detail about your practice so there are no nasty surprises along the way that could reduce the price and affect the terms agreed. Whether you’re buying or selling, we can guide you through this process
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Raising finances
Raising money to buy a new Practice could be a combination of finance from a number of sources. These might include; banks and other lenders, savings or pension funds, family and friends, issuing shares, hire purchase and leasing, government backed schemes or private equity and venture capital.
Whatever the source, our Commercial Funding Team will work with you to find the best option for your practice.
Selling a Practice
What you need to know
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Thinking about selling your Practice?
When it comes to planning ahead for you and your Practice, we’re the experts. So, if you’re thinking about your future, about retirement and selling your dental Practice, you’re in the right place. From valuing your Practice to negotiating a sale, our team will be there every step of the way.
Our experienced team of dental accountants and business advisors will help you put plans in place so that when the time comes to sell your Practice, you’re ready and able to get the results you’re hoping for.
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Valuing your Practice
Valuing a Practice isn’t straight forward, like most things in life, a dental Practice is only worth what someone is prepared to pay for it. Even so, there are a number of methods for valuing businesses, and our team will use the best for you.
Usually, a Practice is only valued when it goes on the market, but by then it’s already too late to identify any opportunities that need addressing. If you’re considering selling your Practice in a few years time, we’d recommend having it valued now. You’ll then have a figure in mind, and we’ll have time to make changes if it’s fallen short of your expectations. We can then present your Practice for sale in the best possible light to maximise its value.
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Negotiating the sale
Once you’ve decided it’s time to focus on your future, sell your dental Practice and retire, just let us know and we’ll set the wheels in motion to achieve the best possible sale for your Practice.
From calculating an attractive yet competitive market value and producing collateral to get potential buyers interested, to providing all financial information required in the due diligence process through to negotiating the best deal possible for you, our team will manage every stage on your behalf.
