dental practice brokerage in Ontario, buy a dental practice, sell a dental practice, transition planning, staff, hygienists

Can Hygienists be Independent Contractors?

(Disclaimer: This article is for general knowledge only and should not be considered as legal advice.  We are not lawyers and as such, cannot and do not provide legal advice.  If you feel that any of the following, or any matters related to the Employee/Independent Contractor relationship may apply to your situation, we encourage you to seek out proper legal counsel.)

According to many different sources, in order to be considered an independent contractor…

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dental practice value, dental practice appraisals, dental practice brokerage in Ontario, Niagara, Greater Toronto Area, GTA

Revenue/Patient & Practice Value

In theory, the value of a dental practice is more or less equal the sum of the profit for the five-year period following the purchase of the practice converted into today’s dollars. In order to assess the likelihood of being able to maintain a profit, we need to know how probable it is for that profit to be sustainable over a five-year period. Profit is revenue less expenses, so an important aspect of…

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buy or sell a dental practice in Ontario, dental practice brokerage, practice appraisals, business valuation, negotiating sales

What to Look for in a Good Appraisal

Whether you are a buyer or a seller, you are going to be dealing with appraisals.  As a seller, you want your appraisal to justly represent the value of your practice; if it doesn’t, buyers will become suspect and immediately dismiss the idea of a purchase.  As a buyer, you need to be able to determine whether or not the appraisal you are reviewing fairly represents the true value of the practice which…

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Office space, dental practice brokerage in Ontario, transition planning, planning for retirement, preparing your dental practice for sale, buy a dental practice, sell a dental practice

It’s all in the Timing

When it comes to comedy, timing is everything. When it comes to selling your dental practice, I believe the same is true. Over the course of our years in the dental industry, we have encountered one important question at most of our lectures, seminars, and meetings: “When should I sell?”

To properly answer this question, there are several factors that you will need to consider:

  1. Stage of Career
  2. Market Conditions
  3. Pragmatic Matters
  4. Planning

 

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