Dental Practice Sales, Practice Preparation, Exit Planning and Patient Management

Dental Practice Valuations: Basic Facts Dentists Need to Know Part One

This month’s guest article is written by none other than Graham Middleton, former co-director of Synstrat Group. The Group specialises in providing strategic business advice, accounting, practice

A Lenders View on Goodwill Explained

Goodwill Explained Contributed by Luke Truscott, Senior Finance Specialist BOQ Specialists I asked Luke to provide the lenders’ views on how Goodwill is calculated as part of the lending criteria

The End is Near – ARE YOU READY?

Very rarely do we consider the end date of a business when we are starting a new business. That time when the business is no longer yours and now belongs to someone else. Starting with the end in mind

Have you got $7m in your bank account?

That’s what the average dentist needs in their bank to retire with the same income as they are earning now.The average dentist in Australia earns between $175-$200K gross. To achieve the same amount

Lawyers, Landlords, and Leases

I thought it would be an idea to share some opinions on the issues encountered over the years regarding selling dental practices or negotiating leases with landlords who are not necessarily the principal

Squat, Existing Practice, or Corporate Buyout?

Squat or Existing PracticeDemand for dental practices in Australia is at an all-time high. This, in part, is leading to increasing numbers of dentists wishing to set up a squat dental practice as an alternative

Myths Regarding Dental Practice Valuations

Lately, we have had contact from many dentists wishing to buy or sell a dental practice.The scary part is the misconceptions from both sides regarding what practice may or may not be worth.Here is some

Is Your Practice Five Stars?

Is Your Practice Five Stars For years I have been banging on about having your practice prepared to “Best in Class” and “Sale-Ready” at all times in case of some issue that forces

Should You Sell Your Practice Now!

Over the last two months, while we have been in lockdown, I have had many dentists call enquiring if they should consider selling their practice now. On the other hand, there have been many dentists wishing

WHAT MIGHT BE YOUR PRACTICE VALUE

Recently you received two emails with links to a practice valuation calculator. We did not expect so many practice owners to click the links and try it out, what’s more, we didn’t expect so