Acertaining the True Value of a Dental Practice

Are you interested in striking out on your own and buying a dental practice? Do you have dreams of setting your own hours, your own rules and your own goals for yourself? Buying a dental practice can give you the freedom to manage your life on your own terms and Buy the Right Practice is here to help make your dreams of owning your own dental business come true.

There are some pitfalls in buying a previously owned dental practice, but with our help, you can avoid those problems. In fact, the earlier you get help to find the right practice, the better off you will be. Why be overwhelmed or mystified with the process when you have help available?

Location, Location, Location

Just like buying any piece of property, the location of your dental practice matters. You may be buying a practice with plenty of existing patients, but even though there may be many mouths to examine, it does not guarantee you will achieve the success you desire. The location of the practice can impact your ability to make it grow.

Working With Current Staff

Part of the value of an existing practice is the staff that are part of it. Your purchase will most likely include the support staff, hygienists, office staff and others. This can be very valuable to you, especially since the patients already know the staff members. These team members can help ease the transition from the former dentist to you. They also have an understanding of how the dental practice is run and the institutional history they hold may be quite valuable to you as you build your success.

See What You Are Getting Into

You definitely will want to see the practice before you buy. A visit to the office can be very helpful. You will want to know what the patient load has been for the past couple of years. By knowing the patient flow you can determine if the practice is stable, growing or shrinking. Even if it appears to be shrinking, you may be able to identify opportunities for growth that could make it worth your while.

There are many factors to consider when you are looking into buying your own dental practice. Seeking assistance early in the process can help you acquire your new practice sooner. Buy the Right Practice can streamline the process for you and make it easier than you can imagine. Contact us for a consultation and fast track your way to your own dental practice.