If so, here is a hot off the intertubes version of our digital dental practice purchase checklist.
We'd love to get your feedback.
Did we forget anything?
Let us know your thoughts.
Respondents are eligible for a Dental CPAs calculator.
Showing posts with label dental practice purchase checklist. Show all posts
Showing posts with label dental practice purchase checklist. Show all posts
Tuesday, February 14, 2012
Dental Practice Purchase Checklist
If so, here is a hot off the intertubes version of our digital dental practice purchase checklist.
We'd love to get your feedback.
Did we forget anything?
Let us know your thoughts.
Respondents are eligible for a Dental CPAs calculator.
Wednesday, May 5, 2010
What Information Should Dentist Ask for When Purchasing a Dental Practice?
I am seriously looking into purchasing a practice. I have been pretty unsuccessful in getting some documentation from seller doc. Can anyone tell me specifically what to ask for so that I can properly analyze the practice to see if it’s viable? The price is right, and it seems like a good fit, but I don’t want to buy a sinking ship.
I have a home spun profit/loss statement from '09, but I need a lot more. What should I be asking for? Tax info? Production reports?
Thanks for the help.
Check out this Dental Purchase Checklist.
This first appeared on Dentaltown.
I have a home spun profit/loss statement from '09, but I need a lot more. What should I be asking for? Tax info? Production reports?
Thanks for the help.
Check out this Dental Purchase Checklist.
This first appeared on Dentaltown.
Send your questions to Tim Lott, CPA, CVA at tlott@dentalcpas.com
For more information or to sign up for our newsletter, please contact arose@dentalcpas.com
Monday, October 13, 2008
Dental Practice Purchase Question
Gross average: 1.5 million
Net: a little over 800k
Patient active 12 months: 1800
NP/month: approximately 12
Building owned and for sale separately
8 chair practice
95% C&B, Implant and removable
FFS+ Delta premier only
Hygiene only generates 280k/year. I believe 8 hygiene days. Very little soft tissue management.
Dentist takes a month off a year.
Sale price: 1.05 million
I’ll start the list of questions:
1. How many docs? If one, can you produce $1.2mill/yr?
2. 8 hygiene days equates to approx. 1,500 patients going through hygiene recall with a good recall system and approximately 6 weeks off. How was the 1,800 arrived at, any idea? Hygiene gross of $280k is about right for 1,500 patients.
3. Average doc prod should be about $900k, here its $1.2million. Any procedures being done that you won't\can't do?
4. Selling doc staying on board? Leaving ASAP?
5. How’s the equipment? Facilities? Any major investments that need to be done?
6. Location good for future growth or at least maintaining of existing patient base?
7. Must real estate be sold with practice? If not, what's the lease arrangement? First right of refusal an option?
Comments:
1. If net is accurate, looks fantastic
2.If net is accurate, price seems good
3. How much due diligence have you done so far?
Go to either http://www.dentalcpas.com/ or http://www.newdocs.com/ and grab the checklist for a practice purchase. From a financial perspective it provides a good bit of the initial documents you'll want\need to see and once you've analyzed that info it usually generates more questions. newdocs.com also has other checklists for this type of project you'll find helpful.
So specifically, there's nothing more I can add w/o seeing a lot more specifics.....
This post first apepared on DentalTown.
Net: a little over 800k
Patient active 12 months: 1800
NP/month: approximately 12
Building owned and for sale separately
8 chair practice
95% C&B, Implant and removable
FFS+ Delta premier only
Hygiene only generates 280k/year. I believe 8 hygiene days. Very little soft tissue management.
Dentist takes a month off a year.
Sale price: 1.05 million
I’ll start the list of questions:
1. How many docs? If one, can you produce $1.2mill/yr?
2. 8 hygiene days equates to approx. 1,500 patients going through hygiene recall with a good recall system and approximately 6 weeks off. How was the 1,800 arrived at, any idea? Hygiene gross of $280k is about right for 1,500 patients.
3. Average doc prod should be about $900k, here its $1.2million. Any procedures being done that you won't\can't do?
4. Selling doc staying on board? Leaving ASAP?
5. How’s the equipment? Facilities? Any major investments that need to be done?
6. Location good for future growth or at least maintaining of existing patient base?
7. Must real estate be sold with practice? If not, what's the lease arrangement? First right of refusal an option?
Comments:
1. If net is accurate, looks fantastic
2.If net is accurate, price seems good
3. How much due diligence have you done so far?
Go to either http://www.dentalcpas.com/ or http://www.newdocs.com/ and grab the checklist for a practice purchase. From a financial perspective it provides a good bit of the initial documents you'll want\need to see and once you've analyzed that info it usually generates more questions. newdocs.com also has other checklists for this type of project you'll find helpful.
So specifically, there's nothing more I can add w/o seeing a lot more specifics.....
This post first apepared on DentalTown.
Send your questions to Tim Lott, CPA, CVA at tlott@dentalcpas.com
For more information or to sign up for our newsletter, please contact arose@dentalcpas.com
Monday, August 4, 2008
Need Dental Practice Purchase Checklist
I have only been out for 2 years now and an opportunity has come up for me to purchase my own practice...
I am so excited but also scared!
Ok.... I have no clue about what to look for, questions to ask, what I am purchasing into or getting myself into....
Can you please please help and just briefly give me ideas/opinions/advice on what I should be looking into, checking, asking, researching, investigating - before I go ahead and buy?
Thank you sooooooooo much!
Too much to write. Click here for a comprehensive checklist on a new practice purchase and other items you may want to learn more about.
This post first appeared on DentalTown.
I am so excited but also scared!
Ok.... I have no clue about what to look for, questions to ask, what I am purchasing into or getting myself into....
Can you please please help and just briefly give me ideas/opinions/advice on what I should be looking into, checking, asking, researching, investigating - before I go ahead and buy?
Thank you sooooooooo much!
Too much to write. Click here for a comprehensive checklist on a new practice purchase and other items you may want to learn more about.
This post first appeared on DentalTown.
Send your questions to Tim Lott, CPA, CVA at tlott@dentalcpas.com
For more information or to sign up for our newsletter, please contact arose@dentalcpas.com
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