Broker
Resource Library: Purchasing
Expert advice for buyers—from first steps to final closing of a dental practice.
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Keys to Successful Multiple Practice Ownership
Start with the End in Mind When beginning your journey toward owning more than one practice, I find it best to start with the end in mind. Identify your long-term goals for this type of business model. Most buyers interested in multi-practice ownership tell me they are looking to acquire 5-20 practices over a certain… -
Why Buying and Merging Another Practice Into an Existing Practice Makes Sense
Growing a dental practice can be one of the most challenging things in practice ownership. Advertising for new patients can be hit-and-miss and very expensive. You can spend thousands of dollars on a new website, SEO optimization, postcards, etc., and see little, if any, results. That’s why one of our favorite strategies for growing a… -
Practice Appraisals
PRACTICE APPRAISALS require the collection of volumes of information in order to properly analyze and assess the value of a dental practice. It is not only important in order for the appraiser to form an opinion, but also for the potential buyer to properly evaluate if the practice is a good fit. In performing an… -
A Buyer and Seller’s Guide to a Seamless Practice Transition
Whether you’re on your way in or out, prepare yourself for your practice transition with these tips. Transitioning a dental practice from one owner to another is a significant milestone in a dentist’s professional journey. For the aspiring dental practice owner, purchasing a practice and transitioning into the role of owner signifies the beginning of… -
Should I buy a second (or third or fourth) practice?
Lately, we have seen more dentists thinking about buying or opening additional dental practices. They see the successful expansion of “corporate dentistry,” or what is more commonly known as dental service organizations (“DSOs”), and wonder how they can emulate that success. Before you take that leap of buying a second practice, here are four questions… -
Jump Into Ownership
Shortcut to Freedom When most dentists discuss becoming practice owners, the conversation seems to focus on buying an existing practice or opening a DeNovo practice. If you’ve followed the market lately, you know the cost of buying or starting has realized pressures from increased costs, higher purchase prices, and higher construction or lease costs. In… -
Why Buying and Merging Another Practice Into an Existing Practice Makes Sense
Growing a dental practice can be one of the most challenging things in practice ownership. Advertising for new patients can be hit-and-miss and very expensive. You can spend thousands of dollars on a new website, SEO optimization, postcards, etc., and not get hardly any results. That’s why one of our favorite strategies to grow a… -
Avoid These 5 Major Mistakes When Buying a Dental Practice
Purchasing a dental practice requires careful thought and consideration. Once you’ve acquired the funds to make the purchase, there are some critical questions to ask yourself before you sign on the dotted line. Answering these questions thoroughly can help you avoid some of the most common mistakes that other practice owners have made when purchasing… -
Why Buy a Dental Practice?
Running your own dental practice can be extremely gratifying and profitable. But just how do you know if it’s the right move, and if you’re the right candidate to run it? Being a great dental practitioner doesn’t necessarily make you a good business owner. We’ve put some tips together to help you navigate these tricky… -
Three Items Sellers Will Need to Show Potential Buyers
When your goal is to sell a dental practice, the smart seller’s credo is simple: Disclose! Disclose! Disclose! Providing thorough information is of utmost importance when it comes to educating potential buyers about your dental practice for sale. You can never present too many details to a buyer. Informed and ready-to-market sellers know that information is…