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Why 2024 will be a great time to buy a dental practice – a conversation with Lis Hughes

Posted on October 25, 2023 in Articles & Frank Taylor & Associates

Our Managing Director, Lis Hughes, recently joined Chris Barrow and Ashley Latter on their podcast “Two Reds are Better Than One” to talk about why 2024 will be a great time to buy a dental practice.

During the conversation Lis discusses topics that will be of interest to all existing owners and equally those who aspire to buy a practice:

  • The current challenges we face

  • deal flow

  • goodwill values

  • recruitment & retention

  • corporate consolidation

  • white space

  • high interest rates

  • The most important question any potential buyer must ask

  • Why an NHS/private mix represents a good buying opportunity

  • Ideas to maximise the attractiveness of your practice if you want to sell

  • How to get the bank to say “Yes” to funding your purchase

  • Why you need to start talking 2 years before you sell or buy

  • Why a dental plan can make your practice look more attractive to the bank

  • Why flexible UDAs have changed the landscape

  • What we need to do to make NHS delivery more attractive to associates

  • The real due diligence – affordability

  • The next 12 months – opportunity knocks

Listen to the podcast now via your favourite streaming service or the player below.

 

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