Specialist Dental Accountants for over 28 years - Call 020 8346 0391 

He (Mac) has helped me as my practice has expanded from single-handed to a six surgery/8 dentist practice.

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P3 - You're ready to sell your practice - now what?

If you are thinking of selling your practice and your practice currently occupies leasehold premises, the first thing you will need to consider is whether the remainder of your lease term is sufficient for your purchaser. They will want to be sure that they will be able to practice from those premises for a sufficient period of time to establish him/herself in that location.

Usually a minimum of five years is recommended. However, if your purchaser is intending to borrow from his bank or other lending source in order to raise all or part of the purchase price, his bank will usually require that the lease has at least ten years to run. If your existing lease has less than ten years to run, and you think that more will be needed, you may need to negotiate with your landlord for an extension of your existing lease or for the grant of a new lease.

Ask your solicitor about this before commencing negotiations.

We take great pride in our service, and would be delighted to invite you for a free 1 hour, no obligation meeting at our comfortable offices. Simply call us  on 020 8346 0391 to arrange a mutually convenient time.

This web-site was last updated on 13/06/2008

Specialist Dental Accountants for over 27 years.

Copyright © 2003-2008 Mac Kotecha & Company. All rights Reserved. The information on this site is for general guidance only. It is essential to take professional advice on specific issues about their impact on any individual or entity. No liability can be accepted for any errors or omission or for any person acting or refraining from acting on the information provided on this site.

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