The Samera Chronicles – July 2017
Welcome back to our ever so popular newsletter. Back by popular demand, you will find all the news from the Samera team, what’s been going on and events in the future. We will have some helpful hints, useful articles and some fun team stories from our team.
On the business front Smita and I and the team recently had great fun sharing our experience and knowledge with Dentists looking to buy or set up or buy a clinic at our Setting up in practice bootcamp.
We also surprised the 25 delegates with a few circuits around the Brooklands racetrack with a professional driver in the AMG cars.
A few white faces were seen afterwards….Our next bootcamp is in Manchester in November, please call Juliette on 0203 747 3296 to find out more and book!
Exhausting but always good fun, Arun and Smita have been running this event for now 10 years!!!
Some Feedback from this event:
“The practical run through of essential costs was of most interest to myself”
“Listening to your experiences, what went well and what didn’t and speaking to Nigel finding out how much I can borrow, was of great value to me.”
“Smita discussing the possible pitfalls of setting up a new practice.”
On a personal front, it’s only a short time until the summer holidays are with us again and we have to juggle children and work. In order to relieve the stress I have to admit I have become increasingly green fingered and am enjoying my vegetable-growing patch.
Spring onions and lettuces are doing especially well, but it’s the rhubarb that’s taking over
I have a funny feeling it will be everything with rhubarb for the next few weeks.
Samera Practice Sales
Max and Farisa have been a busy pair of late.
5 new instructions last week and they valued dental practices worth more than£8,000,000 in the last 10 days.
Two of our latest deal completions were a landmark private dental practice, in a picturesque town in Hampshire acquired by a newly established dental group, and a small private practice within a multidisciplinary building with plenty of potential, acquired by an individual buyer who owns 3 practices already.
Please visit our Samera Practice Sales practice website, with all the latest practices for sale.
FAQ Practice Sales Videos
Max and Farisa have been ever so busy recording FAQ videos for buyers and sellers. They are all on our Youtube channel. For any frequently asked questions (FAQ’s) around practice sales we have a video for it !!! Please watch and share.
More and more videos are being added regularly.
Samera Accountancy + Tax
David and the whole accountancy team have been very active lately. Using the power of technology there isn’t a week that David hasn’t been doing a webinar related to Dentists. Some very relevant webinars which were very popular when live are below. If you missed them you can catch them on our youtube channel.
The first one by David is titled ‘The Accountants Guide to Buying a Dental Practice”. The second one is ” R&D Tax Relief for Dentists”.
They are only a few minutes each but worth a watch if these subjects relate to your needs.
Nigel Crossman has been dealing with an assortment of lending requests from funding new practice purchases, to restructuring an existing practice that had been poorly advised previously and had taken on too much debt.
He has also reviewed several existing deals and found better deals for clients, as well as assisting with finding residential mortgage deals to enable clients to refinance their expiring deals. Many of the conversations he has with buyers take place in the evening when they have finished for the day, which Nigel finds more productive and relaxing, as he is able to give the discussion his full attention.
Lenders have a good appetite for the healthcare market and are keen to lend, deals must be presented to them with the full information and in the correct format to obtain the positive response that we all need. Our contacts at the major lenders are in constant contact, looking for deals which demonstrate their commitment to this industry.
So if you are looking to buy, call Nigel he can discuss the figure you can borrow and how this should be structured to obtain the best rate and term.
Nigel can be contacted directly on 07715 668267. Take a look at our blogs for further advice.
Our Team – A Little Bit about Nigel Crossman
I am often asked “Am I busy?” – with four girls and with both my wife and I working full time the answer is yes.
Having recently come back from the Dental Forum in Portugal, which was a great event, we decided to take a well earned rest. So as a welcome break for the family we moved straight into enjoying the Summer sunshine, with concerts to see Elton John and Robbie Williams.
We also enjoy weekend trips away by the sea, as most weekends are taken up with family life.
Our You Tube page is doing really well, we have 100 videos, offering advice and tips, and over 150 subscribers which is now growing well. Please take a look and get in contact if you have any questions.
We have a very active July ahead of us, but always available. For any Dental Business advice please get in touch!
I’m off to do some more gardening now!