What Information Should Dentist Ask for When Purchasing a Dental Practice?

I am seriously looking into purchasing a practice. I have been pretty unsuccessful in getting some documentation from seller doc. Can anyone tell me specifically what to ask for so that I can properly analyze the practice to see if it’s viable? The price is right, and it seems like a good fit, but I don’t want to buy a sinking ship.

I have a home spun profit/loss statement from ’09, but I need a lot more. What should I be asking for? Tax info? Production reports?

Thanks for the help.

This first appeared on Dentaltown.

Send your questions to Tim Lott, CPA, CVA at tlott@dentalcpas.com
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