If you are considering buying or selling a Dental Practice then we invite you to contact Greg Bullock, our dental law specialist on 01283 526220 or at greg.bullock@elselaw.co.uk. Because of this we are also able to help prospective buyers to apply for and obtain finance for their purchase from a range of specialist lenders who provide finance for dental practice purchase. Can I sell my dental practice to a corporate? See the below graphics for how revenue multiples have trended over the last few years and how they trended by company size in the dental industry. H… There are hundreds of listings across each of those four categories, so that buyers can easily search based on location or product or service type. There are many considerations when preparing to sell your dental practice, not the least of which is emotional attachment. Visit Frank Taylor Associates’ website and view our extensive list of dental practices for sale. We’re a specialist dental practice sales agency, so whether you are looking to sell on the open market, selling to your associate or intrigued with Corporate interest, we’ve helped thousands of dentists like you. PFM Dental Sales & Valuations62 Skeldergate, YorkYO1 6WN, PFM Dental Wealth Management62 Skeldergate, YorkYO1 6WN, PFM Dental AccountancyFulford Lodge, 1 Heslington Lane, Fulford, York YO10 4HW, PFM Dental Legal1st Floor, 106 Micklegate, YorkYO1 6JX, All Rights Reserved © 2020 PFM Dental | Privacy policy | Cookie policy | Regulatory information. Thank you to you for all your phone calls and reassurance through lockdown. PFM Dental’s knowledge of dentistry and its quirks was invaluable in making the process run smoothly. You can also register as a buyer to get all of our new practices sent through directly. Spoke to Andy who gave some great, honest and very helpful advice about the UK dental market and practice ownership - extremely helpful as a current associate. Laura’s job is to help each sale go through as smoothly as possible, from start to finish. A seamless transition for patients and staff, The service has been fantastic and you truly provided a hand-holding service throughout. The fact that there are also transaction costs against the buyer demonstrates how out of control transaction costs have become in the otherwise straightforward sale of a dental practice. Am I right in thinking this will be treated as a capital gain and taxed as such. If you haven’t yet found the practice don’t worry, you can register as a buyer on our Practice Search page. During the meeting he was very empathetic, knowledgeable and understanding of my situation and my business aspirations. Whether you’re in the market to buy or sell within the UK dental sector, then our marketplace is the right site for you. We are a family run business with over 30 years experience of Selling Dental Practices and everything that goes with it. Therefore, regardless of whether you are selling, buying, creating a partnership or just require a valuation of your dental practice for your retirement planning, you can be rest assured that we can provide you with an accurate valuation of the dental practice. We offer several levels of membership, depending on your timescales, ranging from “Gold Plus” – our premium service for those who wish to make a purchase quickly – through to our free-of-charge Bronze membership which is more of a slow-burn for those whose plans are less imminent. Therefore, we fully understand the goals and needs of our clients. Our unique, continuously updated analysis simplifies the complexity of financial data and a subscription gives you a clear insight into the health, value and prospects of the 1026 leading UK Dental Practices companies , and how they sit in the overall market. No thanks, please take me back to the main site. Dental management organizations. When it comes to buying, or selling a dental practice in the UK, there is only really one name to be aware of – Frank Taylor and Associates. Our membership scheme gives priority notice to members on the premium plans and often that makes all the difference between finding the dental practice for sale that you want, or just missing out on it! There were frequent updates and support.which continued well past the phase of finding a buyer and negotiating a price.As one of the largest dental estate agents I felt that my practice was marketed as widely as possible and it was a great comfort to know that I was selling through such a well respected agency. PFM Dental took the time to understand who we were looking for and helped us market accordingly. Great knowledge in the industry. UK Dental Practices Industry Overview. It gave me the determination not to give up, to remove all negative persons around me , and have belief in myself. Buying or selling, you couldn’t be in better, or more experienced, hands than those of Frank Taylor & Associates, dental practice sales. Find out more about 360° tours to showcase your practice! Western Practice Sales/ John M. Cahill Associates is owned and managed by dentists. Have a look out our current dental practice listings. Building a successful dental practice took years of hard work to establish a good local reputation, a loyal patient base, and a dependable staff. Asset value 3. Search for: Dental Practice; Sectors. Samantha is a practice valuer and sales agent. Take a look at our current list of dental practices for sale and don’t hesitate to call us on 0330 088 1156 if you have any queries. From our base in Brookmans Park, North London, we serve dental practice owners located anywhere in England and Wales. Bringing more than 15 years experience as a practice valuer and sales agent, he’s passionate about achieving the maximum value and best terms for dentists selling their practice. Latest Updates; Practice Value Index; Frankly Speaking…. If you’re selling or buying your practice through PFM Dental, you’ll definitely get to know Laura. Google Rating. There was a lot of work to do to get through the journey, but FTA were always quickly available over the phone and gave me first class support. They usually own 30 to more than several hundred dental practices under one or more corporate ownership/management organizations. Our knowledge of the market has helped many dentists enact their ‘exit plan’, trusting us to value, market and sell their … Frank Taylor & Associates – Expert Services For Those Who Wish to Buy or Sell a Dental Practice. Seller’s Discretionary Earnings (SDE) Multiple . 2. Selling your dental practice is a complex process that involves far more than finding a buyer and closing the deal. Martyn leads the practice sales and valuations department and is a director of PFM Dental. Your dental practice is a valuable asset so if you’ve decided to sell then it’s important you get a valuation from an independent expert before you put your practice on the market and accept an [...], Feedback from a survey on the impact of COVID on the dental profession has provided some optimism for 2021. Care. Potential dental practice buyers can also rely on our valuation process to be independent of who has instructed us and to be truly representative of the market value of the practice in question. Our knowledge of the market has helped many dentists enact their ‘exit plan’, trusting us to value, market and sell their business as part of their overall retirement planning. See the details of all of our plans here. Having spent years building the practice, it was important to us we found someone to take good care of our team and patients. With several years’ experience as a practice sales negotiator, she understands all the ins and outs of the sale process. At PFM Dental we undertake hundreds of dental practice valuations each year for various purposes all around the country. This follows on from us being awarded Global Business Insight Awards in both 2018 and 2019, as well as AI Business Excellence Awards for three years prior to that (2015, 2016 and 2017). Childcare & Education. Market your dental practice for sale with Morgan Cox. I will forever be grateful to Lesley. Selling Your Dental Practice. Selling any business is a complex process, and if you’re thinking of putting your dental practice up for sale, you likely have many questions and concerns. Our experience of Frank Taylor and associates has been a positive one. Of all the valuations I had done they were the ones that correctly assessed and subsequently delivered the best return for my business.During each step there was a personal contact guiding me through the often arduous and convoluted process of selling a practice. We are a specialist company concentrating on the Market for selling and buying Dental Practices in the UK. It’s easy to register with Frank Taylor and Associates if you wish to buy a dental practice. It was a validation of all my and my teams hard work over the years. Thousands of dentists nationwide have chosen Henry Schein Professional Practice Transitions (Henry Schein PPT), a subsidiary of Henry Schein, Inc. to help them close the deal. What should I do to prepare my dental practice for sale? Lesley, without either of us realising it at the time,  quite literally saved Karma Dental Care! It requires solid advice and sound guidance. People can always tell that Kelli knows the dental industry inside out - it’s no surprise to discover she’s spent more than 10 years working in the sector. Most calculations of value utilize multiple valuation formulas averaged together to arrive at a final estimate. A complete range of services for anybody buying, selling or financing a dental practice. The research consisted predominantly of practice principals, from a cross section of [...], 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 [...]. This article will give an overview of these two groups and discuss key considerations for dentists looking to sell to them. https://uk.linkedin.com/in/martyn-bradshaw-40186666, https://www.linkedin.com/in/samantha-hodgson-386a8155. Without your input I would not have achieved my goal. There are many steps and people that can make this huge life change much easier. of Surgeries: 4 Asking Price £1,162,000 Register your Interest All rights reserved. I have been valuing dental practices for over 30 years as a CPA, selling dental practices for 12 years as a broker, ... His CPA and business advisory firm, Ken Rubin & Company Dental CPAs, helps dentists with practical and proactive advice. If you are looking for a dental practice to purchase, look no further. I would particularly recommend Hayley Hudson, who is always approachable and friendly! When it comes to buying, or selling a dental practice in the UK, there is only really one name to be aware of – Frank Taylor and Associates.You are in the right place to get the help and advice you need when you want to buy a dental practice, or indeed, sell a dental practice. Kelli provides sterling support to the valuation team, bringing her professional oversight to marketing documents. Their knowledge of the dental sector was invaluable in getting the process to completion. Will the activities of the seller be restricted after completion of the sale? Andy Acton explains more….. MediEstates, a family business established over 15 years is one of the leading dental practice brokers and dental practice valuers in the UK, having built a wealth of experience in all aspects of dental practice sales, there is no better dental broker to sell your dental practice. This field is for validation purposes and should be left unchanged. For those who seek to sell a dental practice, we are known to be highly accurate in our valuations with almost every practice sold achieving the full valuation carried out by us. We offer an in-house legal service dedicated exclusively to dental practice sale and purchase transactions. There are numerous reasons for selling a dental practice, so don’t assume it’s because the business is going south! I just wanted to write a personal note of gratitude to you [Lesley] for initiating the sale of my dental practice with your expertise and experience. Martyn is well respected within the dental industry as a leading advocate of profit-based valuation methods and a champion of highly ethical standards. This involves more than just scouring the market for the best finance deal and includes a financial viability test based on real world financial projections. A Letter of Intent Should Include This When Buying a Dental Practice How to Analyze a Dental Practice for Sale – The Quantitative Factors Negotiate the Asset Allocation When Buying a Dental Practice . Genuine people to deal with. He can offer you a free, one-hour consultation to assess your practice and ensure that you are compliant with all of the legal aspects of running your practice. Our most recent award has been received in 2020, when we were presented with a Global Excellence Award for the ‘Most Outstanding Independent Dental Valuer & Sales Agent – UK’. Or, they might want to move into a new area of business – it can vary from person to person. Unfortunately, this is the prerogative of the landlord and the … I have been very impressed with Frank Taylor & Associates both in their valuation of the practice and their help with the CQC. This was not a prospect I was looking forward to. Average annual earnings Typically, historical financial information of the practice is utilized to produce the calculated value under these scenarios. Buying or selling a dental practice is complicated and can be a stressful experience, so you need the right advice to guide you through the process. Most purchasers will want … I was genuinely shocked and humbled by the goodwill Lesley had calculated I had generated. This highly professional and experienced organisation were instrumental in making the sale of my practice a success. DMOs have been in the market for more than 20 years. We are growing from strength to strength. Not only can we ensure that you get the finance for the practice but will get the most competitive interest rates. I met Lesley in 2017 when I was seriously considering selling my dental practice in Fulham. You cannot be in better hands with our expert valuers, a single point of contact throughout the sale and in-house legal team, allowing us to advise you from start to finish. I am selling the goodwill (value is nil in the accounts as it has been amortised by my previous accountant) and would like an idea of the tax payable. If you have found a dental practice that you are interested in we would suggest that you get PFM to give you a second opinion then we can undertake a ‘buyers assessment’. As a leading UK dental practice sales agency and practice valuer PFM Dental combines a professional approach with many years of experience. Home. As a limited company, you can take a small salary up to the threshold at which NI is payable (£8,632 2019/20) and then take the balance of post-tax profit as dividends. As a leading UK dental practice sales agency and practice valuer PFM Dental combines a professional approach with many years of experience. This is especially effective for larger NHS practices where we regularly attract multiple ‘best and final’ offers. About us. “PFM took the stress away from me having to approach individual banks to obtain finance and were able to arrange the necessary insurance which was one less thing to worry about.”. I am selling my dental practice which I have been operating as a sole trader for some time. Her days are spent helping vendors realise the best price for their practice and negotiating the best terms for their sale. Andy sucha greay guy, very professional , helpful and quick to response for all queries . I have used PFM Dental for several years for the the management of my corporate accounts, the marketing and sale of my dental practice and now for my associate accounts. This multiple is applied to SDE to derive an implied value of the business. If you are buying. Andy is incredibly easy to talk to, friendly and understands every facet of the dental world and beyond. Utilizing different methodologies builds confidence in the end value and identifies outlying financial or practice data that may cause a deviation. Many thanks to all at Frank Taylor & Associates for holding my hand, from my first initial phone call and helping me so carefully through the process. He has helped me a great deal and has made a general road map for me to achieve my goal. His experience and advice has given me a lot of value. I wouldn’t hesitate to recommend your company’s services to others. Find the perfect dental practice for you, across the UK. General Dental and Specialist Practice Private Tyne and Wear Freehold Turnover: £1,025,000 EBITDA (Associate Led): £194,000 EBITDA (Owner Operated): £449,000 No. I have also read about entrepreneurs relief. Together, the transaction costs to the selling dentist of a simple dental practice sale are 14.5 percent, taking $145,000 from the pocket of the selling dentist. 4.4 × 0330 088 11 56 A A A. We offer vendors access to an extensive vetted list of registered buyers including: individual buyers, major corporates and smaller dental groups. As a broker, Mr. Rubin has helped hundreds of dentists successfully transition their practices during the past 12 years. Its quirks was invaluable in making the process of selling to get all of our clients the multiple... Most purchasers will want … Keep essential equipment and facilities up to date when working out a dental in! 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