Most associate dentists prefer to purchase practices rather than start-up new practices. If you’ve done some research, you know that it is very difficult to find good practices to purchase in areas that you might prefer.

If you have an interest in owning a practice in a metropolitan area, your best bet is to purchase a practice where you can maximize patient retention. Practitioners who are flexible to practice outside metropolitan areas have experienced above average levels of profitability.

Practitioners who have adopted a “go-it-alone” philosophy toward practice ownership often become frustrated in their attempts. And if they do move forward on their own, they can end up in a really bad situation for a long time.

Each practice buyer should build a team of licensed and credentialed professional advisors with experience serving clients in the dental practice transition process. Your advisory team should include an attorney and a CPA.

Compared to other businesses, it is easy for dentists to become qualified for dental practice acquisitions. Funding depends on each individual deal. So don’t let another business broker lead you to believe that it is a complicated process that only they can handle. You can do it on your own!

At Practice Endeavors, we are happy to share the contact information of various lenders. It is easy to become qualified at no cost or obligation. Contact us and we will point you in the right direction.

If you have questions about purchasing a practice, contact us and we will be happy to answer your questions at no cost or obligation, even if you are just seeking some friendly advice.