Dental Practice Appraisals
Dental practices are valuable. However, there is never ending confusion over what they are really worth. How many articles have we read in advisory magazines that clearly identify a dental practice being worth some x percentage of gross income?
The reality is that there are many factors driving true dental practice value. Just looking at the numbers and producing an appraisal is ludicrous. The effects of location, local economy, practice age, history of earnings, consistency of earnings, staff, patient base and equipment are substantial. Only an expert with experience in this field can give you a true valuation.
We are members of the National Practice Valuation Study Group. We maintain an extensive database of existing sales and have access to numerous other databases. Our principal, Paul E. Mclerran, DDS, CCIM, has 20 years of valuation experience.
Dental practice appraisals may be needed for a practice sale, estate purposes, financial planning, divorce, and partnership structure.
Depending upon your need we can produce several types of dental practice appraisals;
Summary Dental Practice Appraisals:
This appraisal is produced using standard accepted appraisal techniques. The appraisal is priced lower since it is not fully documented. This appraisal is used when the parties want to establish a fair market value and they are not interested in the details.
Documented Dental Practice Appraisals:
We provide an appraisal that fully documents the what, when, why, and how of the final value. This appraisal will satisfy lenders, accountants, and attorneys and provide them with the information they expect to see. In most cases the documented appraisal is the wisest choice. Our experience is that, in most cases, someone associated with the transaction will ask how the value was calculated. The only way to satisfy them is in the documented appraisal.
Please CONTACT US for further information or references.
