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I have read that dental practices are worth 70% of their gross receipts averaged over the past three years. Is that true?

April 26, 2017averaged dental gross past three years practices read receipts worth

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I have read that dental practices are worth 70% of their gross receipts averaged over the past three years. Is that true?

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While three years of financial information is important to determine the value of an practice, rules of thumbs are simplistic and don’t usually provide the correct value. To find out the true value of a dental office an expert in transitions should be consulted to conduct an evaluation or full appraisal on the practice.