Your Brand is showing! No, not your underwear brand, your practice brand.
A brand is everything about your practice. From the look, feel, sound, smell, texture, color, to your voice, answering the phone, etc. You go to your office every day and probably get complacent about your brand. Spring is a great time to clean up your brand. You can start outside. Is your parking lot clean and...Read More
When buying a practice one of the most critical numbers to look at is the number of active patients. Active patients are typically defined as the number of patients seen in the past 12 to 24 months. Most brokers use 24 months, but I like to use 18 months in my definition. When I ask a selling doctor how many active patients they have, I typically get either an “I don’t know”, or a number...Read More
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
