The buying and selling of a dental practice should leave two delighted parties: one starting out in practice ownership, the other moving towards retirement or a new venture.
Our director Oliver Acton explains why that outcome depends far more on preparation than most principals and buyers expect.
For sellers, that means having financial reports, management accounts and CQC and compliance documentation in order before going to market and settling issues such as a short lease well ahead of time rather than at the eleventh hour.
For buyers, it means having funding in place, being realistic about the commute and the first few years, and judging a practice on what it could become rather than whether it looks perfect today.
Writing in the September issue of The Dentist, Oliver sets out what typically goes wrong on both sides, and the five things that make for a good deal.
Read the full article here – the piece begins on page 18 and continues on page 20.
