S06 E10: Why 2024 will be a great time to buy a dental practice
Update: 2023-10-24
Description
S conversation with Lis Hughes - Managing Director - FTA
It’s not often that we get the chance to listen to an industry expert sharing with us her view of the dental landscape since lockdown to the present - and beyond.
Lis arrived at Frank Taylor Associates in 2008 to deliver some consultancy work - and has stayed there ever since, describing the company as a great place to work with nice people.
During our conversation we discuss topics that will be of interest to all existing Owners and equally those who aspire to buy a practice:
- The current challenges we face
- deal flow
- goodwill values
- recruitment & retention
- corporate consolidation
- white space
- high interest rates
- The most important question any potential buyer must ask
- Why an NHS/private mix represents a good buying opportunity
- Ideas to maximise the attractiveness of your practice if you want to sell
- How to get the bank to say “Yes” to funding your purchase
- Why you need to start talking 2 years before you sell or buy
- Why a dental plan can make your practice look more attractive to the bank
- Why flexible UDAs have changed the landscape
- What we need to do to make NHS delivery more attractive to associates
- The real due diligence - affordability
- The next 12 months - opportunity knocks
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