STEP 3: Practice Purchase Analysis™
Take a deep dive into the dental practice you are considering and assess the opportunity objectively.
Just like in Step 1, numbers are king here. If you know how a practice is doing for its current owner now, you’ll know how well it may do for you in the future. Your analysis should look at everything from collections to staff costs to equipment age, and everything in between. Luckily, you don’t have to do all the hard work. Eventually, a thorough practice analysis requires three parties: you, the broker or agent, and the lending bank. But it starts with you and your accountant giving the practice a hard look.
Of course, there’s more to a practice than its numbers. Use the resources below to learn more about analyzing a practice, both quantitatively and qualitatively.
BUYING A PRACTICE IS A BIG DECISION
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