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
I keep running into well-tenured dentists who have enough money to retire, they’re old enough to do a transition (past 65) and they love what they do, but they don’t want to sell their practice. Commonly, tenured dentists have not updated their technology and they’re losing patients as a result; their practice is floundering and they ask me what they should do.
Howard Farran from Dental...Read More
Omni Practice Group is now a proud member of the National Association of Practice Brokers (NAPB).
We are the exclusive NAPB member for Dental Practice Transition Brokers for Washington and Oregon. NAPB is a national organization of practice brokers that is focused on holding a higher standard for Dental Practice Transition Brokers. The NAPB is involved in educating brokers on the laws,...Read More
With so few practices on the market, I often get the question “Should I just start a new dental practice?” Since I am a commercial real estate broker specializing in helping dentists find new locations as well as being a practice broker, I can give you an educated answer. That answer is “it depends”.
Here are 10 questions to ask yourself to see if you are a candidate to do a scratch start...Read More
