The Future of Dentistry: Why Young Dentists Should Consider Practice Ownership

By: Jen Bennett As the landscape of dentistry continues to evolve, a growing number of young dentists find themselves at a crossroads: to remain employees in established practices or take the bold step towards ownership. While the security of a salaried position can be appealing, there are compelling reasons for young dentists to consider purchasing a practice. This article explores the...Read More

A Tale of Two Vets

The following is a story about two veterinarians who had dreams of owning their own practice. While the story may seem a bit farfetched, it is based on true events. In fact, we have seen this story multiple times in today’s environment. Maybe this happened to you? Shawn and Lilly graduated from the same veterinary school in 2010. They were good friends and always enjoyed talking about their...Read More

Patient Retention and Its Importance in Dentistry

By Megan Urban In today’s competitive dental landscape, retaining the patients you’ve already brought into your practice is more critical than ever. Strong patient retention not only boosts profitability and fosters loyalty but also enhances the value of your practice when you’re ready to retire or bring on an associate. A good benchmark is to maintain a patient retention rate of around 80%....Read More

Pitfalls to Avoid in Buying a Building

By Steve Kikikis, Vice President, Commercial Real Estate Broker Money Pit or Cash Cow? On occasion when a doctor purchases a practice there is also an option to purchase the real estate.  Historically, real estate has been a good investment over time, but owning a commercial building has its own nuances. There are a lot of similarities between owning a commercial building and a residential...Read More

5 Considerations when Buying a Veterinary Practice

How many years you should have under your belt before you own a practice?  Typically, the number is five years, but that the number really depends on the doctor.  We’ve had doctors who were able to purchase a practice after three years and do quite well.   A lot depends on your comfort level, skill set and experience. Here are some things to consider before you buy: Are you comfortable with...Read More

Where to Own a Dental Practice?

The question we often get from potential practice buyers is “Where is a good spot to own a dental practice?”  There are a lot of factors that contribute to answering that question. But first, let’s discuss the reasons why you want to own a dental practice. If you are in it because you love dentistry and love helping patients and you are not necessarily in it to make the big bucks, you can...Read More

Where to Own a Practice?

The question we often get from potential practice buyers is “Where is a good spot to own a practice?”  There are a lot of factors that contribute to answering that question. But first, let’s discuss the reasons why you want to own a practice. If you are in it because you love being a veterinarian and love helping patients and you are not necessarily in it to make the big bucks, you can really...Read More

Do Not Wait to Buy a Practice

Do Not Wait to Buy a Practice By Rod Johnston, MBA, CMA Do you ever sit back and wait for something to happen thinking that if you wait, that something could turn out perfect? But, then you end up waiting a little too long and you end up missing your perfect opportunity? Whether that certain thing is a cake that you think you need to wait a few more minutes to bake and then you end up burning...Read More

Pitfalls to Avoid in Buying a Building

By Steve Kikikis, Vice President, Broker Money Pit or Cash Cow? On occasion when a doctor purchases a practice there is also an option to purchase the real estate.  Historically, real estate has been a good investment over time, but owning a commercial building has its own nuances. There are a lot of similarities between owning a commercial building and a residential house.  As the building...Read More

Communication is the Key to a Successful Dental Practice Transition 

As dental practice brokers, we are often asked “What is the most important factor in facilitating a successful dental practice transition?”  The simple answer is Communication.  While it is imperative for the buying doctor to build a strong team of advisors, complete due diligence on the practice, secure financing, and navigate the closing process, all else could be lost if there is no...Read More