NASDAL says practice sales were stable in last quarter
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- Published: Thursday, 29 October 2015 07:58
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The dental practice sales market has been relatively stable over the last quarter according to the latest quarterly goodwill survey from NASDAL (National Association of Specialist Dental Accountants and Lawyers). Alan Suggett, specialist dental accountant, said that the survey showed a steadiness in the overall market although the average goodwill value of 109% of turnover is considerably up on the start of 2014.
Alan continued: “NHS practices were sold for an average goodwill value of 125% with a range of 51-209%. Private practices fetched an average goodwill figure of 81% with a range of 15-135%. Mixed practices sold for an average of 115% of goodwill with a range of 20-202%. We do of course need to remind all parties that as with all averages, these statistics should be treated as a guideline only.”
Alan commented, “My own personal view is that the market has been rising steadily over the past year or so. We have seen the very high prices paid in the London area spreading to other major conurbations such as Nottingham and Manchester.”
The goodwill figures are collated from accountant and lawyer members of NASDAL on a quarterly basis in order to give a useful guide to the practice sales market. These figures relate to the quarter ending 31st July 2015.
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