Buying & Selling Practice Post-Lockdown Lis Hughes, Managing Director at Frank Taylor & Associates was recently interviewed by Zoe Close, Sales Manager at Practice Plan, and shared her thoughts on how the dental property market has been affected by COVID-19. The interview was published in the Dentist Magazine (December 2020 issue) – Read Now.
A word of caution when working out a dental practice valuation. Andy Acton explains more…..
Andy Acton recently talked to James Martin on his Dentists Who Invest podcast. Here is Andy’s view on the state of the dental sales market at present. It’s not been an easy year for practice owners, but a horrid one for associates.
Practical Lessons on Leadership (webinar masterclass – Frank Taylor & Associates & Engage the Team) Leadership skills are becoming ever more key to running a productive, patient friendly and rewarding practice particularly as you are no doubt being stretched doing your day job as well as implementing new protocols. If you’d like to learn more … Continue reading “Practical Lessons in Leadership”
How to secure your dental practice sale in just 30 days! It is possible. It will be dependent on wizard planning and assembling a team that shares this desire and has the skills to make it happen. Without a co-ordinated team, with a shared vision to get the deal done, it just won’t happen. Before … Continue reading “How to secure your dental practice sale in just 30 days!”
Can you arrange a bank loan yourself for a dental practice purchase? For those who aspire to ultimately become practice owners there is good news…. the banks very much view dentistry as a ‘green light’ sector and are prepared to offer generous terms to first time buyers. However, there are a few things you need … Continue reading “Can you arrange a bank loan yourself for a practice purchase?”
Tax Hikes? This is BAD news – to be clear this is news about Business Asset Disposal (BAD) rate relief. Earlier this year Entrepreneurs Relief was changed to BAD rate relief. This change also meant the 10% tax rate reduced from £10 million to £1 million per person on assets being disposed of. Asset disposals … Continue reading “Tax Hikes?”
How did we end up here? Pre-Covid life for many was stable and consistent. As we head towards the end of 2020 so much is now in flux and new ways of living and working are subject to weekly review. The demand to buy a dental practice has blown up through 2020 but Covid only … Continue reading “How did we end up here?”
Is anyone buying a dental practice? Not surprisingly during the ‘lockdown’ period, the dental practice sales market slowed down. However, over the last few months, there has been an encouraging surge in activity and at Frank Taylor & Associates (FTA), there are now over 5,000 registered dentists looking to buy a dental practice. Having some … Continue reading “Is anyone buying a dental practice?”
Recent research on the buying and selling of dental practices Recent research on the buying and selling of dental practices provided reassurance for Frank Taylor & Associates (FTA). The study, conducted independently by FMC, revealed that over 41% of dentists said they would use FTA to manage the process on their behalf. Unsurprisingly, 43% of … Continue reading “Recent research on the buying and selling of dental practices”