Allan Gradus has sold his practice after practising for 55 years. He covers what you should consider in the daunting process. Anne Barker from MediEstates speaks about how to simplify the sometimes lengthy process.
If you're in the market to buy a dental practice, it's important that you satisfy the Care Quality Commission (CQC). Whenever a practice has a change of ownership, it is necessary for both the buyer and seller to satisfy the CQC. The process for the buyer in particular can seem quite daunting - especially for those who are new to dental practice ownership.
Have you been having thoughts about selling your dental practice?
There are many different reasons why dental practice owners may decide to sell their business - from wanting more family time to no longer wanting the stress of running a dental practice. Whatever your reasons may be, here are some signs that indicate you’re ready to sell your dental practice. If you recognise any of them, it may be time to consider your options.
For many years, the Bank of England base rate has been extremely low, providing a favourable environment for businesses to access loans at affordable rates. However, over the past few months, we have seen this rate steadily increase as the BoE seeks to regain control of inflation. Many dental practice owners are understandably concerned about how rising interest rates will affect their business. It’s wise to pay attention to interest rates and understand how they impact the funding landscape of your dental practice.
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