No dental practice is like another, and every one has its own sets of quirks and features. They all have various advantages and disadvantages, so buyers need to be aware of all the various aspects that go into building the capabilities of the dental practice.
There are typically three ways that a buyer can use to build that dental profile. Buy Dental Practice in Nevada that manages to excel in, at least, one of these ways. Ideally, a practice can be accomplished in all three.
The Purely Financial
A buyer will want to look at the financial statements, and create a profile based on what they state. This will include the profit and loss statements, the balance sheets, and income over a period of three to ten years. All the other aspects and features of the practice will likely not be as important as the income it is bringing in- and the losses it is incurring.
There are other ways to look at a dental practice, of course. Some buyers will take a clear look at the assets and the building. In short, does the business include the property? Are there hanging licensing terms, copyrights, and other considerations? What does the purchase really include? The income statements could be unsatisfactory, but is that enough to kill the deal? Buyers want to look at what they are working with, and it is its own way to determine the quality of a dental practice purchase.
The Patient Pool and Data
The income is mediocre. The assets are marginal. Yet, the purchase is good. A key way to look at the practice is with the current patient pool and the potential patient pool. This requires a look at the patient data as well as the total number of incoming new patients. This means an assessment of patients under PPO, HMO, and special capitation plans. It also reviews demographics, city growth rates, and employment.
Buy Dental Practice in Nevada with Western Practice Sales. The team will take all the above ways to find a suitable practice and surface the best possible answer for a dentist seeking growth.