Buying your first practice

Now you have a number of years under your belt you might be thinking of buying your first dental practice. The whole process can seem quite daunting and exciting at the same time and its important to have an experienced and trusted advisor that can guide you through each step. The first and most important challenge is to identify the right dental practice that represents a good financial and personal decision for you. Deciding whether the practice represents a good or bad might not immediately be clear from the business accounts or the sales prospectus. Both of these need to be reviewed and the figures assessed carefully.

Drawing up business plans with forecasts and cashflows help determine the cash requirements for the venture and will support any application for funding from banks or other sources. There are sale and purchase agreements to negotiate and due diligence to complete that will ensure your investment risk is minimised. Having advisors with sector experience gives you an advantage as we understand how the dental sector works and so can quickly expose potential problems and save you time and money working with you to get the best deal for your future. 

It is also our objective that you retain us as your trusted advisor for your many years ahead in the business. Being a Chartered Accountancy Practice regulated by the ICAEW all our staff receive the latest CPD training as well as specialist sector training. For more information on how we can help please fill in our contact us page by clicking here and one of the team will be in touch.