Often times I hear of dentists holding off on practice transitions. They’re in their late 60’s, early 70’s, and even in their 80’s. They either think they don’t have enough money to retire, or they simply enjoy dentistry.
In many cases, those who have sold and worked back for the buyer found an associate position or volunteered at a clinic and found a more...Read More
When buying a dental practice, there are several essential reports you absolutely must have in order to evaluate the practice. The reports are as follows:
Minimum of 3 years Tax Returns and Financial Statements
Minimum of most recent 3 years annual productions, collections, and adjustments
Most recent production by procedure code report
Fee Schedule
Patient demographic information...Read More
We just listed another dental practice for sale. This one is in Olympia, WA.
This Olympia practice has 3 operatories with a couple of pulse oximeters, x-rays and more; everything a practice needs. Chairs are older but in good shape. There are “thousands of patients”, but the doctor estimates the active count to be around 2,000. No financials on the practice will be provided by the doctor,...Read More
A couple of years ago, in 2010, banks that financed buyers in a practice transition, tightened their credit requirements. They began requiring dentists to be out of school for at least 2 years, they would only finance up to 80% of the last 12 months’ production or they would require the seller to take a note back for part of the loan. In addition, they would absolutely not finance a new...Read More
With the economy somewhat improving I’ve had an increase in Washington and Oregon from dentists asking about practice transitions or a practice sale. While as a broker, I can easily just suggest they do a practice transition, but as someone who wants to have a long career, it’s in my best interest to give existing and potential practice transition clients the best possible advice and tools...Read More
