Dental practice for sale

1. Dentist buy dental practice for several reason, But questions are always the same. Is dental practice worth buying? What is the right price for buying the practice? When do dentist need to buy it? In this article, we will try to give you all needed and useful information about buying a dental practice. If you are dentists thinking about changes in your life just keep reading. When Dentists Buy A Dental Practice? Every year, thousands of dentists buy dental practices. The biggest part of purchasing dentists are starting their private practice for the first time. They are either at the beginning of the carrier of have worked as associates before. A lot of dentist bought new dental practice because they were moving and wanted to start working in another community. There are other reasons of purchasing the practice. Some dentist expanded their business and bought a practice from another doctor. Some dentists purchased the practice for strategic reasons. They prevented themselves from another dentist in the area. This is a way of avoiding competition. When You Buy The Practice For The First Time Most dentists want to self-employed and for this reason they decide to buy the practice. They can buy: ● ● Practice without any customers; Already existed place and practice. These two option are different in prince. You will need nearly $300,000 (plus/minus $50,000 depending on location and other factors) to buying a dental practice without any customers. The price contains living expenses for starter dentists and student loans. Averagely, with 10 percent of interest rate, you will need seven years to repay the debt with monthly payments of nearly $5,000. Practice with existing facility and customers cost more than new one, however you do not need to build you business from zero. While dentists who buy practices without any customers need two years in average to reach production level, dentists with existing facilities does not require this period of time. Building a practice from nothing takes more energy, time and skills. You should hire new stuff, establish system, set up a marketing strategy and so on. attracting patients to your clinic can be complicated thing, you should create brochures, spend money on adds. This can be especially difficult if there are other practices in your area.

2. The dentists who buy already existing practice with customers do not need organizational and marketing skills on that high level. This option is less stressful and requires less energy and time to make it work properly. Source : Click here.