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Phil joined Dental Elite at the start of 2017 and soon became an integral part of the practice sales team before being promoted to Director of Practice Sales in April 2023. He has over 10 years’ experience in the dental industry specialising in implantology, periodontal disease and pharmaceutical sales where he was the National Sales Manager.
Phil KolodynskiDirector of Practice Sales -
Julie joined the team in 2019. She has an extensive background in Practice Management and has a depth of knowledge of the inner workings of a Dental Practice. Combined with running large practices and her financial acumen Julie has the perfect transferable skills for a Dental Broker at Dental Elite.
Julie RandleSenior Practice Consultant -
Nick MooreSenior Practice Consultant
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Lottie joined us as a Buyer Account Manager in March 2020 and has worked her way through the company to a Sales Progression Manager. With over 10 years of Account Management experience prior to joining Dental Elite – Lottie is here to ensure that any practice sale we act for progresses smoothly to completion.
Lottie McBeanSales Progression Manager -
Tommy joined Dental Elite in January 2023 and is a member of our Finance team. Tommy joined us from a background of account management and business development within the industrial sector. Tommy loves to work closely with clients and to help them cultivate their own successful practice that will establish them for years to come.
Tommy GlasscoeFinance Broker
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What is my dental practice worth?
If you want to sell your dental practice, there are various agreements you can enter into with the buyer and the deal’s structure can actually be more important than the final purchase price. At Dental Elite, we will work with you and your solicitor to guide the sale and ensure that all aspects of the transaction run smoothly.
Our free dental practice valuation report is a practice health check with a difference. It includes a more in-depth analysis of your dental practice and useful advice on how your valuation could be higher if you were to implement certain changes. Factors taken into account here may include your patient base, practice location and staffing costs. We will also review your current CQC registration to ensure that it matches your trading structure so that there aren’t unnecessary delays in any transaction when you decide it should happen.
We have been completing practice health checks since our inception and are now selling a number of these practices for a much higher price. This is in a large part because the market has improved but also because the practices we work with have improved their EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) by growing their income or saving on running expenses. This would have increased the value of their dental businesses, even if the status quo had remained the same.
As every practice is different, every report is different. Each one offers a thorough snapshot of the state of your business’s health and also what price you could achieve on the marketplace at the present time. This useful report doesn’t just cover financial issues but also tries to pick up on potential problems should you come to sell, e.g. the associates, the lease, the NHS, the yield and everything else in between!
Report Content
- Commentary on the Biggest Issues Likely to Impact Your Sale
- Your P&L EBITDA vs Adjusted EBITDA
- Marketing Ideas and Techniques
- Market Analysis / Comparable Data of Recent Agreed Deals & Completions
- Review and advice on Contractual issues, NHS, Employment, Incorporation and Leases etc.
- The Ease of Raising Finance on Your Practice
What does our practice valuation report include?
A cost base analysis, showing how you compare to similar dental practices we’ve valued
The profitability & occupancy rate of your hygiene chair
Exit planning and an indication of likely post-sale commitments
A line-by-line breakdown of how your practice value has been calculated
Frequently Asked Questions
A dental practice valuation is a document that provides information to the various stakeholders participating in the practice sale. For a vendor, it involves calculating the worth of the practice and for the buyer, it means understanding the worth of the business’ assets. It is of the utmost importance to banks and lenders to determine whether the practice is sufficiently valuable for them to lend the requested amount of money against. Remember – only by working with experienced dental brokers or appraisers can you ensure a thorough, unbiased valuation process.
Every six months we release an update as to what the market for the goodwill of dental practices is doing, including full KPI data in the May version. Fill out the form on our Goodwill Survey page we will send you the updated results as soon as they are released.