Transitioning a General Dentistry practice requires the consideration of many factors, including an understanding that each general dentistry office is unique. NDP has the tools to ensure your transition success. Through our contacts with most of the 66 dental schools in the U.S., including Advanced Education in General Dentistry (AEGD) and General Practice Residency (GPR) programs, and advanced understanding of the field, we have the tools to ensure your transition success. And, our relationships with countless vendors and practice management consultants often result in a much faster match of potential buyers to a potential seller. Approximately 6,000 graduating dental students enter the field each year. Candidates who have a few years of experience, a drive for success, and passion to become a business owner sooner rather than later are the best prospects for a General Dentistry practice. Whether looking to add an associate or seeking a potential buyer, here are some key points to consider:
Location, equipment and finish out, type of patients and the proposed transition plan are the major components contributing to the valuation, but cash is king. A General Practice running efficiently with well-controlled staff and operating costs, solid profit margins and good cash flow will have increased value. Factors in determining value:
Interested in understanding how to plan for a practice transition? Want to know what your practice may be worth in today’s market? For a complimentary review of your practice please contact our offices, or fill out a short contact form. Once we hear from you, we will request some basic financial and operational information and set up a one-hour review of your practice to give you real expectations of what you can expect as a seller, and most importantly, what buyers are expecting from you.