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2115: How Much is Your Practice Worth?
Manage episode 451184548 series 3617434
Innehåll tillhandahållet av Author, speaker, dental business coach and practicing dentist, Dr. Mark Costes chats with the leader and Mark Costes. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Author, speaker, dental business coach and practicing dentist, Dr. Mark Costes chats with the leader and Mark Costes eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
On today’s episode, we’re joined by Greg Auerbach, a seasoned expert in dental practice transitions and valuations with Henry Schein Dental Practice Transitions. Greg shares his extensive insights on what it takes to maximize the value of a dental practice, whether you're considering a sale to another doctor or aiming for an institutional buyer. With nearly 20 years in the field, Greg covers key aspects of evaluating practice worth, common valuation methods, and understanding the role of EBITDA and QoV in securing the best outcomes. They discuss trends in early practice sales by younger dentists, navigating high overhead challenges, and the crucial impact of location on market desirability.
Greg also offers practical tips on optimizing your practice’s profitability by tightening up expenses and increasing revenue, plus how to handle ‘extra’ expenses in your books like family member salaries or personal vehicle costs that can affect your practice valuation. If you’re planning a future sale, Greg’s advice can help you set up your practice now for a successful, lucrative transition.
Determine the true value of your practice based on location, equipment, patient base & more. Get your complimentary copy of the Henry Schein Dental Practice Transitions guide to practice valuation.
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