1. What is a fair price for a practice? Like any other product, a business is worth whatever a willing buyer will pay a willing seller in a free market. However, the value of most practices is determined by what someone can afford to pay for it. If the practice can earn the income you...
Read moreLooking at a dental office for sale? Preparing to purchase a dental office? Interested in learning from a Dental Practice Sales veteran? Your Southern California Dental Practice transitions experts at First Choice Practice Sales have developed a 20 step dental practice buying guide! With these 20 steps, our brokers are confident you will have the...
Read moreWhat Sellers Like To See Buying a practice is not easy; buyers have many questions and concerns. Likewise, selling a practice creates just as many questions and concerns for the seller. Buyers can often get a significantly better price and terms by being aware of the seller’s needs and removing some of their uncertainties. To...
Read moreWhat is an Offer? An offer to purchase is just that –an offer to the seller to buy their practice with terms, conditions, and contingencies you have specified. If the offer is not accepted within the time limit you set, your offer is void. Most offers are contingent offers—that is they become void unless certain...
Read moreThere are many complicated formulas and methods to determine the value of a practice, but in the end it is worth whatever a buyer is willing and can afford to pay. Buyer (market demand) has a significant impact on practice values. Practices in high demand, in strong and growing markets, enjoy higher earning multiples (multiple...
Read moreSDC (Seller’s Discretionary Cash), also known as SCD (Seller’s Discretionary Cash Flow), is the total cash benefit or income the owner realizes from owning the practice. This is calculated by recasting the owner’s financial statements and adding the owner’s benefits to the profit of the business. Some examples of typical expenses that may be added...
Read moreBuying your own practice can be a complicated procedure. Throughout the buying process, it’s important to keep an open mind while searching for a practice that will fit your needs, talents, skills, and lifestyle. A practice broker has many different types of practices for you to consider; however, you need to remember that there is...
Read moreWhy would a seller use a broker/intermediary to sell a good practice, why not sell it themselves? Here are some of the reasons smart sellers engage a good practice broker. 1. First Choice Practice Sales has sold many practices in the Southern California and has a nationwide network. 2. First Choice Practice Sales Exposure First...
Read moreBuying a Dental Practice Millions of owners of small and growing companies can’t be wrong. If you are motivated by personal accomplishment, stimulated by challenge, and want to be your own boss, then practice ownership is for you. At First Choice Practice Sales we are committed to finding good practices and introducing them to qualified...
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