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Looking to finance a denture lab
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<blockquote data-quote="JMN" data-source="post: 284405" data-attributes="member: 8469"><p>Greetinfs Earthling! Welcome!</p><p></p><p>Business plan. First. Absolute immediate must.</p><p>No one you will <strong>want</strong> to do business with will touch you without it.</p><p>If it's your first time making one, and it seems overwhelming, [USER=7594]@sidesh0wb0b[/USER] has pointed out nxlevel.com with their nearly fill in the blank workbooks to get you there.</p><p></p><p>Equipment valuation. Well, there's insurance value, depreciated value, and fair sale price value. Fair sale price is most likely the hill that you need to confront. If the current business entity pays taxes on the business owned property much of your work is done if it is itemized.</p><p></p><p>Are you cut out of cloth to be a business person? Being a good and skilled technician is not the only need. [USER=1246]@Affinity[/USER] has pointed out "e-myth" as an essential book.</p><p></p><p>The two books will be worth it. Much better to spend $100 now and find issues in advance than get in up to your neck and find the stable rocks upon which you planned on standing are covered in slick river rock muck.</p><p></p><p>Is it a business that runs without you present, or will you own your job?</p><p>Are there employees who will stay?</p><p>Is there any debt that will be passed to you?</p><p>Do the 25+offices have relationships with the lab, or with the current owner?</p><p></p><p>There are many threads here on buying and selling labs. Try the site search function, and if that doesn't get the depth you need most search engines will respond with results only from here using one or the other of:</p><p><em>Search terms</em> site:dentallabnetwork.com</p><p>or</p><p><em>Search terms</em> host:dentallabnetwork.com</p><p></p><p>This may help: <a href="https://cap-us.com/business/calculating-ebitda-dental-labs/" target="_blank">https://cap-us.com/business/calculating-ebitda-dental-labs/</a></p></blockquote><p></p>
[QUOTE="JMN, post: 284405, member: 8469"] Greetinfs Earthling! Welcome! Business plan. First. Absolute immediate must. No one you will [B]want[/B] to do business with will touch you without it. If it's your first time making one, and it seems overwhelming, [USER=7594]@sidesh0wb0b[/USER] has pointed out nxlevel.com with their nearly fill in the blank workbooks to get you there. Equipment valuation. Well, there's insurance value, depreciated value, and fair sale price value. Fair sale price is most likely the hill that you need to confront. If the current business entity pays taxes on the business owned property much of your work is done if it is itemized. Are you cut out of cloth to be a business person? Being a good and skilled technician is not the only need. [USER=1246]@Affinity[/USER] has pointed out "e-myth" as an essential book. The two books will be worth it. Much better to spend $100 now and find issues in advance than get in up to your neck and find the stable rocks upon which you planned on standing are covered in slick river rock muck. Is it a business that runs without you present, or will you own your job? Are there employees who will stay? Is there any debt that will be passed to you? Do the 25+offices have relationships with the lab, or with the current owner? There are many threads here on buying and selling labs. Try the site search function, and if that doesn't get the depth you need most search engines will respond with results only from here using one or the other of: [I]Search terms[/I] site:dentallabnetwork.com or [I]Search terms[/I] host:dentallabnetwork.com This may help: [URL]https://cap-us.com/business/calculating-ebitda-dental-labs/[/URL] [/QUOTE]
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