It is no secret that the value of dental practices is at an all-time high.
For many this can feel like being able to afford a dental practice is beyond their reach. However, with a bit of planning it is possible but just might take a little longer to realise this dream.
You typically need a contribution when buying a dental practice of 20%, so a £400,000 practice would require a deposit of £80,000.
Many buyers decide quite early on in their dental career that the want to own a practice and this is the time to start making provision for your deposit. These savings are an investment in your future and with the average profit in a dental practice between 22% and 25% could be the best investment you ever make.
Depending on the deposit you have available you could work towards the practice of your dreams and target a slightly smaller practice as your first purchase.