If you are buying a dental practice, or considering it, how do you know if the time is right?
Whether you are a dentist who has been practicing under another for sometime or a new dentist, who is weighing up the options a good dental broker will help you answer the tough questions.
Buying a Dental Practice with an Experienced Dental Broker
Every year thousands of dentists all over the globe purchase dental practices. Did those dentists make the right decision? Did they get the best deal at the right time? Too buy a dental practice, or not to buy, that is the question that affects every dentist at some point in his or her career.
According to Dr. Bill Blatchford and Dr. Christina Blatchford there are five reasons why a dentist buys a dental practice.
The First Practice
35 percent of dentists who were buying a dental practice were purchasing for the first time, or were practicing associates buying their first practice.
Moving to a New Community
25 percent were buying a dental practice because they wanted a new location.
Buying a Dental Practice for a Dental Flow
22 percent weren’t as busy as they would like to be so they purchased a practice to increase dental flow and productivity.
Changing or Upgrading
Dentists who bought a dental practice did so to improve their business. Those dentists were looking at better facilities and more patients.
Buying a Dental Practice to Stop the Competition
6 percent of dentists bought a dental practice did so to prevent the competition from moving in.
Buying a Dental Practice for the Right Reasons
Whatever your reason for buying a dental practice, a dental broker helps you get there. Blatchford Transitions are practicing dentists and dental coaches who understand the industry while helping you make the best decisions.
If you are buying a dental practice, call and talk to the team from Blatchford Transitions. Making the right decision is vital if you are buying a dental practice.