Best Dental Brokerage in Baltimore | Asset Allocation During a Dental Transition
Dental Practice Sales & Transitions
Whether you’re buying or selling a practice, asset allocation is a vital part of assessing the value of the business.
What Is Asset Allocation?
Asset allocation is the process of assigning a dollar value to every asset being transferred in the sale of a dental practice. When a practice is bought or sold, assets may transfer ownership from buyer to seller.
What Assets Do Dental Practices Have?
Dental practices have a variety of assets that are taken into consideration during a sale. Assets are divided into two categories, tangible and intangible. Tangible assets are physical objects with an easily identifiable value. They include things like:
- Technology
- Equipment
- Office supplies, computer systems, and waiting room furniture
- Patient records
- Website & Domain
Intangible assets are more abstract, but no less important. In some cases, they can provide more value to a practice than the tangible assets. Intangibles include:
- Non-compete clauses
- The practice’s reputation and goodwill
How Can I Get the Most Out of Asset Allocation?
Our team has helped handle practice transitions for over 35 years. Proper asset allocation by our experienced dental brokers can benefit both parties in a practice sale.
Asset allocation is an important part of the dental transition process. When done properly, it provides an accurate estimate of a practice’s value and keeps the transaction fair. If you want to ensure a practice is valued properly, contact our experienced team at Schiff Dental Brokerage today.
Schiff Dental Brokerage
Email: ASchiff@Schiffcpa.com
Phone: (410) 321-7707 Ext #1205
Url: https://schiffdentalbrokerage.com/
100 West Road Suite 410
Towson, MD 21204