It is important to know the value of your dental practice for a range of reasons. Not all dental practice appraisals are the same and often you get what you pay for. That’s why it’s important to know how the dental practice appraisal will be done and the expertise and experts behind the work.
Because they are used for a variety of intended uses, it is important that you chose an appraiser who not only meets your needs but carries the requisite training, certifications and expert knowledge to provide a report custom tailored to your needs. George & Company appraisers provide certified opinions of value for all purposes. Learn more about our appraisal process and the Uniform Standards of Professional Appraisal Practice here.
What is the appraisal going to tell me?
An appraisal is going to consider the current standings of your practice and in turn help you understand the health of the business. You will gain insight to the strengths and weaknesses, thus giving you tools and suggestions toward areas of improvement. A continuous understanding of the practice’s standings is important to achieving various business goals, whether it be selling or investing further into the business.
Not ready to sell?
Understanding the worth is not only helpful in determining an accurate asking price, but also for any unexpected circumstances, such as death or disability of a partner. The value of the business can change from year to year, so it’s important to always be prepared. A business valuation isn’t a process that should only happen once. Practice valuations and appraisals are also used in facilitating a partnership buy-in.
Trust The Expert
Not all appraisals and firms are the same – it is important to trust the expertise that will be handling such an endeavor. Manuela Gauthier brings her breadth of knowledge from more than 25 years of combined experience, directly in the dental practices, as well as business transitions, management, and customer service. Having such an intimate connection to the dental industry has proved to be successful in gaining the trust of business owners in the transition process.