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How Much Should You Pay For A Dental Practice?
Description
Today, we are going to talk about how much you should pay for a dental practice. We are going to look at the different valuation methods practice brokers often use. And then finally, we're going to look at how you as a buyer can protect yourself and make sure that you are paying a fair price.
🔔 Download the Free Practice Evaluation Checklist: https://practiceown.com/pdf
📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8
💌 Email me at: chris@practiceown.com
🌍 Website: https://www.practiceown.com
Chapters:
00:00 How much should you pay for a dental practice?
00:42 How practice brokers value practices
01:41 Asset-based valuation
02:29 Revenue-based valuation
05:29 Net income-based valuation
09:46 Per patient valuation
15:04 Market/comparable sales-based valuation
15:57 Brokers work for the seller
23:11 Affordability-based valuation
27:10 Negotiating power