Dental Practice Appraisals

Educating You on the Importance of Having a Current Appraisal

 

The most frequently asked question we receive is “What is my practice worth?” Without a proper dental practice appraisal there is no way to answer that. “Ball-park” figures are always an option but, would you buy or sell a home, car, etc based on a hypothetical value?

Your practice is a very important asset, treat it as such. The primary purpose for most dental practice appraisals is for a contemplation of sale. However, there are quite a few reasons regarding the importance of knowing the value of your business. Some of which include; financial planning, division of assets in divorce (our least favorite) and most importantly gaining knowledge and understanding of all financial aspects related to your practice. The process of gathering and organizing all the required items necessary to complete a dental appraisal can be tedious in nature but not only will you have a better understanding of your practice, should anything happen to you, you will have already completed the ground work for your family.

dental practice appraisals | Encompass Dental Practice Transitions

The Encompass Difference

We are not here to sell you on the importance of having a current dental practice appraisal due to the fact of it being an invaluable resource but simply to educate you on where to start and with who. While an accountant or financial planner may have ample knowledge from a financial standpoint, they may have little to no experience within the dental practice marketplace. Our founder and CEO has personally sold 30 of his own practices and along with the extensive data and resources we have collected over the last 14 years of being in business, we are confident in our ability to guide you in the right direction.

Would you like to discuss buying a practice? Start by signing our Confidentiality Agreement