Q: How much can I borrow to buy a practice?
A: The amount you can borrow depends on many things:
- The type of practice – private/NHS/or mixed
- Your experience in dentistry and knowledge of running a business
- Your financial background/credit score
- Condition of the practice
All of these things vary the amount you can borrow but you will be surprised at the level of borrowing available across the lenders.
Q: How much is my practice worth?
A: We prepare a free professional valuation report for sellers, based on market value, taking into consideration many variables such as turnover, profitability, type of income and revenue stream, location, surgeries utilisation, potential to add surgeries, leasehold or freehold.
We are always happy to have a confidential discussion to understand the individual situation and provide the best advise, which could be immediate sale if the practice is ready to go to market or make a few adjustments prior to entering the market to sell and attract more viewers.
For further details please get in touch or contact us via our online form.