Do you know how long is left to run on your lease? If you’re considering selling your practice in 2024, you need at least 10 years left. Not that practices with shorter leases don’t sell, they do, but a shorter lease will impair the goodwill value and therefore impact the price.
A minimum of 10 years is preferable though 20 to 25 years is better. After all, if a buyer is paying a considerable sum for your business, they’ll want some form of reassurance that they are not going to have to relocate the business after a few years.
Dental Elite has more than a decade of experience in the buying and selling of dental practices and has created a range of free guides to help dental professionals through the process. A guide to the common property problems associated with the sale of a practice is available via its website.
To find out how Dental Elite can assist with your business decisions, contact the team today.
For more information contact
the Dental Elite team on 01788 545900
https://dentalelite.co.uk/
