Most dentists only think about getting a dental practice appraisal when they are ready to sell. The truth is, waiting until that point can mean missing valuable opportunities along the way.
An appraisal is not just about knowing what your clinic is worth. It is about understanding your business health, your potential, and how the market sees you. Think of it as a yearly checkup for your practice. It helps you stay informed, confident, and prepared for whatever comes next.
Here are a few reasons I always recommend it:
1. The market keeps changing.
Interest rates, buyer demand, and demographics shift all the time. What your practice was worth a few years ago could look very different today. An updated appraisal helps you stay current and make decisions based on facts, not assumptions.
Ask yourself:
- Do I know how my practice value has changed in the past year?
- If the market shifted tomorrow, would I know where I stand?
2. You may be sitting on hidden value.
Many dentists are surprised when they see what their practice is truly worth. A detailed appraisal can reveal value in your patient base, systems, or team structure that you might not have recognized on your own.
Ask yourself:
- When was the last time I took a deep look at the health of my business?
- Are there areas of strength I could be leveraging more strategically?
3. It helps you plan with clarity.
Whether you are considering expansion, bringing on a partner, or simply strengthening your operations, understanding your true value gives you a stronger foundation for planning ahead.
Ask yourself:
- What are my short- and long-term goals for this practice?
- Am I making decisions based on clear data or on gut instinct?
4. It prepares you for the unexpected.
Life moves fast. Opportunities and challenges can arise at any time. Having a recent appraisal gives you confidence and flexibility if you ever need to make a big decision quickly.
Ask yourself:
- If someone approached me to buy tomorrow, would I know my asking price?
- If I needed financing, could I easily provide a current,
credible valuation?
At Tier Three, we take pride in helping dentists see the full picture behind their numbers. Our appraisals go beyond the financials to include patient mix, operations, and market insight, giving you a realistic and strategic view of your practice.
You do not need to be selling to benefit from an appraisal. You just need to care about where you stand and where you are heading.
If you have been putting it off, consider this your reminder. Reach out anytime if you would like to understand your current position and explore what your next step could look like.
