Selling a Dental Practice
Dental
Selling Your Dental Practice: Our Expert Approach
Selling a dental practice is a meticulous process, demanding strategic planning and attention to detail. At PKPI Chartered Accountants, we specialise in maximising the value of your dental practice while minimizing tax implications. Our tailored approach ensures a seamless selling experience, encompassing crucial steps for a successful sale.
PKPI
Evaluation and Getting Ready
FAQs
1.How Long Does Selling Practice Take.
- The length of time that it takes to sell a dental practice in the UK varies subject to several factors, such as the type of practice.
2. What Do I Need to Sell My Practice.
- Last 2 years’ accounts and 12 months of management accounts.
- Document verbal agreements with staff into written contracts for buyer assurance. Consider what a buyer would seek to know about your practice. For details on necessary documents and contracts, reach out for guidance.
3.Do I Need to Have All My Certificates Ready and Available.
During the due diligence process, you will be asked to provide and show your certificates such as the GDC registration for you and your qualified staff, professional indemnity insurance, employer’s liability cover, autoclaves, compressors and X-Rays.
4.How Do I Value My Dental Practice.
To determine the value of your dental practice, we assess its uniqueness and financial history. By analyzing the last three years’ accounts and the latest management accounts, we establish a range based on your practice’s specifics. Our on-site visit and a customized questionnaire aid in creating a valuation report. Contact us to discuss the market value if you’re considering selling your dental practice.
