There 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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