Dental Practice Sales Maryland | Best Tips For Buying A Dental Office
Dental Practice Sales & Transitions
Buying a dental practice is perhaps one of the most monumental decisions you will ever make and it represents a substantial financial investment. It is vital to work with a dental brokerage firm that understands the dental field and the market in which you want to buy. Schiff Dental Brokerage has represented hundreds of buyers and sellers, and we are confident we can help you.
Understand the Financial Information
Buying a practice may be exciting on many levels, but it really comes down to number-crunching. Our dental brokers will evaluate the financial state of the practice you want to buy. We fully evaluate all aspects of a practice’s profit, loss, overhead, assets and more. The following are some of the factors we evaluate in a transaction:
● The practice’s cash flow model
● Rate of growth, operating expenses, and debts
● Historical performance through analysis of several years of tax returns
● The lease agreement
● Production and collection reports
It is vital that you leave no stone unturned when it comes to buying and selling a dental practice. Getting a handle on past performance will give you a good idea of how viable the practice is and whether it is worth your investment.
You, as a potential buyer, are interested in learning as many facts as possible about a practice. You want to know the layout, the type and condition of equipment, furnishings, community, and whether you will need to make improvements. As experienced dental brokers, the Schiff team conducts a thorough examination of the dental practice for sale and creates a complete profile for you. This typically includes:
● A floor plan and cost per square foot
● All furnishings, equipment and technologies in the operatories
● Information about area demographics
● An assessment of expansion capabilities
Find a Dental Broker You Can Trust
There are many factors involved in buying a dental practice, and it is important to choose a dental brokerage team that can offer clear, honest information so you can make an informed decision. Our team is highly experienced in negotiations to help dental practice buyers achieve the best deal. We have the resources and skill to give you the best representation possible.
We understand that buying a dental practice is a major transaction. We’ll assist you every step of the way, allowing you to feel confident with your decision. Contact Dental Practice Sales Maryland today for a consultation or to learn more about our current listings.