This article will give an overview of these two groups and discuss key considerations for dentists looking to sell to them. 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. Samantha is a practice valuer and sales agent. Many associates considering a practice purchase combine this with our dental accountancy service ensuring a thoroughly professional approach from the start of practice ownership. We are a family run business with over 30 years experience of Selling Dental Practices and everything that goes with it. Written Quotation will be provided on request. No thanks, please take me back to the main site. There are many considerations when preparing to sell your dental practice, not the least of which is emotional attachment. We are growing from strength to strength. If you are buying. Our listings of dental practices for sale is very comprehensive and we always have a long list of serious, interested potential purchasers across the country. Kelli provides sterling support to the valuation team, bringing her professional oversight to marketing documents. Buying or selling, you couldn’t be in better, or more experienced, hands than those of Frank Taylor & Associates, dental practice sales. Keep essential equipment and facilities up to date. Laura’s job is to help each sale go through as smoothly as possible, from start to finish. The valuation is completely free of charge and includes not only the business and any associated property but also the fixtures, fittings and, of course, goodwill. 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. © Frank Taylor & Associates, 1 Bradmore Building, Bradmore Green, Brookmans Park, Hertfordshire AL9 7QR. 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. Find the perfect dental practice for you, across the UK. 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. If you are a considering a practice purchase we can provide a comprehensive valuation and finance service. I have been very impressed with Frank Taylor & Associates both in their valuation of the practice and their help with the CQC. A must for anyone selling to a corporate. PFM Dental’s knowledge of dentistry and its quirks was invaluable in making the process run smoothly. Medical Elite Recruitment and Practice Sales Ltd t/a Dental Elite and DE Finance is a credit broker and not a lender. I reached out to Andy via social media. We are a specialist company concentrating on the Market for selling and buying Dental Practices in the UK. See the details of all of our plans here. 4.4 × 0330 088 11 56 A A A. Visit Frank Taylor Associates’ website and view our extensive list of dental practices for sale. I wouldn’t hesitate to recommend your company’s services to others. In 2019, the SDE multiple was 1.70x for dental practices. 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. 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. I would particularly recommend Hayley Hudson, who is always approachable and friendly! We offer vendors access to an extensive vetted list of registered buyers including: individual buyers, major corporates and smaller dental groups. A complete range of services for anybody buying, selling or financing a dental practice. He offered great advice and reassurance for how to navigate the daunting next step in my career. UK Dental Practices Industry Overview. From our base in Brookmans Park, North London, we serve dental practice owners located anywhere in England and Wales. 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. What should I do to prepare my dental practice for sale? Therefore, we fully understand the goals and needs of our clients. Advice & Protocols for Dental Practice Sales, 90 seconds during lockdown with…Andy Acton, COVID-19: Managing Costs through a Crisis, Covid-19 Recovery – Now is the time for strong leadership, COVID-19: implications for the practice sales market, 10 Top Tips for selling a dental practice. We’ve been carrying out dental practice valuations and assisting dental professionals in the sale and purchase of dental practices for many years and our experience and professional standards of excellence have been recognised with numerous awards. Find out more about 360° tours to showcase your practice! 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. It requires solid advice and sound guidance. This highly professional and experienced organisation were instrumental in making the sale of my practice a success. It gave me the determination not to give up, to remove all negative persons around me , and have belief in myself. This eliminates much of the delay associated with third party solicitors and ensures your sale remains on track to completion. 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. During the meeting he was very empathetic, knowledgeable and understanding of my situation and my business aspirations. A word of caution when working out a dental practice valuation. About us. Usually, one of the first things that needs to happen is for the practice in question to be accurately valued. 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. 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. Utilizing different methodologies builds confidence in the end value and identifies outlying financial or practice data that may cause a deviation. of Surgeries: 4 Asking Price £1,162,000 Register your Interest Whether you’re in the market to buy or sell within the UK dental sector, then our marketplace is the right site for you. With several years’ experience as a practice sales negotiator, she understands all the ins and outs of the sale process. Dental management organizations. Seller’s Discretionary Earnings (SDE) Multiple . Selling Your Dental Practice. 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. Andy sucha greay guy, very professional , helpful and quick to response for all queries . 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. Western Practice Sales/ John M. Cahill Associates is owned and managed by dentists. How can I sell my dental practice quickly? When you start to think, “I would like to sell my dental practice,” be sure to visit this page and get the full details. As a leading UK dental practice sales agency and practice valuer PFM Dental combines a professional approach with many years of experience. 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 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. Childcare & Education. Highly recommend Andy and FT for thei services. Google Rating. Common valuation methodologies: 1. 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. H… In order to provide a genuinely specialist service our team is dedicated to solely value and sell dental practices. A seamless transition for patients and staff, The service has been fantastic and you truly provided a hand-holding service throughout. 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. Capitalized excess earnings 2. Average annual earnings Typically, historical financial information of the practice is utilized to produce the calculated value under these scenarios. Selling your dental practice is a complex process that involves far more than finding a buyer and closing the deal. Search for: Dental Practice; Sectors. Protecting your personal assets. This field is for validation purposes and should be left unchanged. 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. Andy Acton explains more….. Or, they might want to move into a new area of business – it can vary from person to person. 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. It was a validation of all my and my teams hard work over the years. Most calculations of value utilize multiple valuation formulas averaged together to arrive at a final estimate. As a broker, Mr. Rubin has helped hundreds of dentists successfully transition their practices during the past 12 years. A good blueprint for maximizing value is to build … Her days are spent helping vendors realise the best price for their practice and negotiating the best terms for their sale. 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. I was genuinely shocked and humbled by the goodwill Lesley had calculated I had generated. With your future income dependent on it, you want to ensure that you are making the right decision. Am I right in thinking this will be treated as a capital gain and taxed as such. I would recommend their services to anyone else who is selling their practice. All finance is subject to status and income. Whichever of our plans you decide to subscribe to, if you are thinking of buying a dental practice you may be sure of the same high standards of customer care that we have become synonymous with. Thank you to you for all your phone calls and reassurance through lockdown. You can also register as a buyer to get all of our new practices sent through directly. As a leading UK dental practice sales agency and practice valuer PFM Dental combines a professional approach with many years of experience. Their knowledge of the dental sector was invaluable in getting the process to completion. 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. If you’re selling or buying your practice through PFM Dental, you’ll definitely get to know Laura. Care. 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. Having spent years building the practice, it was important to us we found someone to take good care of our team and patients. 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 . Our hugely popular priority buyers scheme ensures that in many cases our agency fee is paid buy the buyer – a significant cost saving on your transaction. Annual net receipts 4. There are many steps and people that can make this huge life change much easier. Without your input I would not have achieved my goal. 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! DMOs have been in the market for more than 20 years. 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. They usually own 30 to more than several hundred dental practices under one or more corporate ownership/management organizations. Someone that wants to buy into a practice, instead of buying the whole practice, … If you haven’t yet found the practice don’t worry, you can register as a buyer on our Practice Search page. At Plimsoll we do company and market analysis differently. Approach all of the banks in one place. If you are looking for a dental practice to purchase, look no further. 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’. We are arranging finance on a daily basis and therefore are in regular contact with the healthcare banks. 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. 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. Genuine people to deal with. His experience and advice has given me a lot of value. Unfortunately, this is the prerogative of the landlord and the … You can also register as a buyer to get all of our new practices sent through directly. 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. Frank Taylor & Associates – Expert Services For Those Who Wish to Buy or Sell a Dental Practice. This multiple is applied to SDE to derive an implied value of the business. This was not a prospect I was looking forward to. 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. All rights reserved. Have a look out our current dental practice listings. https://uk.linkedin.com/in/martyn-bradshaw-40186666, https://www.linkedin.com/in/samantha-hodgson-386a8155. I am selling my dental practice which I have been operating as a sole trader for some time. Andy is incredibly easy to talk to, friendly and understands every facet of the dental world and beyond. Without someone like Lesley who could see the potential of my business and to give me the hope that I sorely needed, Karma Dental Care would not be around. Really pleased. I met Lesley in 2017 when I was seriously considering selling my dental practice in Fulham. 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. Partnership Buyer. Demand for dental practices is high right now and it is even more important than ever before to make sure that your interests are being looked after by professionals in the dental practice sales sector. Frank Taylor & Associates (Dental Practices) Ltd. Great company providing in depth and genuine help. Not only can we ensure that you get the finance for the practice but will get the most competitive interest rates. Asset value 3. 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. Will the activities of the seller be restricted after completion of the sale? After years of being misled by so called “ business consultants “ I felt the problem with the lack of financial success was all down to me. Her support to the sales and valuation team includes vendor and purchaser communications, marketing practices, coordinating viewings, handling with the offer process and dealing with solicitors and banks. We offer an in-house legal service dedicated exclusively to dental practice sale and purchase transactions. Great knowledge in the industry. It’s easy to register with Frank Taylor and Associates if you wish to buy a dental practice. 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. What if the landlord isn’t cooperative? Kelli sets up new surgery insurance and practice overheads policies for relevant purchasers and clients. I have found them to be extremely efficient in all respects, and good value for money, especially when compared to my previous accounts. Our knowledge of the market has helped many dentists enact their ‘exit plan’, trusting us to value, market and sell their … “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.”. If you are looking for a dental practice to purchase, look no further. Home. Discover the 9 Steps to Selling a Dental Practice, 10 Top Tips for Selling a Dental Practice. Read the articles below about buying and selling dental practices – they’ll help you avoid overpaying! 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. 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. He has helped me a great deal and has made a general road map for me to achieve my goal. This is especially effective for larger NHS practices where we regularly attract multiple ‘best and final’ offers. Have a look out our current dental practice listings. Investing in a dental practice is probably one of the biggest financial decisions that you will make. 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. I strongly urge anyone who is thinking of selling to get in touch with Frank Taylor & Associates for advice! 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 [...]. Dental practice sales can be complex and a high level of expertise is required if everything is to go smoothly. PFM Dental took the time to understand who we were looking for and helped us market accordingly. 2. 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. At PFM Dental we undertake hundreds of dental practice valuations each year for various purposes all around the country. I found Frank Taylor Associates to be very knowledgeable and helpful, throughout the process of selling my dental practice. 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. There are numerous reasons for selling a dental practice, so don’t assume it’s because the business is going south! 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). 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. Latest dental practices for sale in the UK. 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. Can I sell my dental practice to a corporate? Market your dental practice for sale with Morgan Cox. Find or advertise dental equipment or services, property or education and training courses by browsing the site.. To date we have had the best turnover in 13 years and 104 five star reviews on google. Lesley, without either of us realising it at the time,  quite literally saved Karma Dental Care! 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. He responded very quickly and made considerable effort to sort out an initial consult with me which fitted around my unusual schedule. Building a successful dental practice took years of hard work to establish a good local reputation, a loyal patient base, and a dependable staff. Her valuation of my practice was far beyond my wildest expectations. We are the UK's most active advisor to the care sector, and handle more than 50% of individually transacted care homes in the UK. Most purchasers will want … I will forever be grateful to Lesley. Latest Updates; Practice Value Index; Frankly Speaking…. After 11 years without the expected growth I had hoped, I felt there was no other option but to cut my losses, pay off my debts and return to the world of being an associate. Some dentists are getting ready for retirement and won’t have any need for the practice anymore. 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’. I have also read about entrepreneurs relief. Martyn is well respected within the dental industry as a leading advocate of profit-based valuation methods and a champion of highly ethical standards. Dental Marketing. Martyn leads the practice sales and valuations department and is a director of PFM Dental. 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. 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.