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All About Buying and Building Dental Practice
Rating: 3.5 out of 5(22 ratings)
153 students

All About Buying and Building Dental Practice

Avoid expensive mistakes and Learn from my first hand experience
Created byRajeev Kumar
Last updated 3/2018
English

What you'll learn

  • Understand Dental Practice Buying Process
  • Evaluate Practice Profit and Loss Statement
  • Select Right Dental Office
  • Avoid Expensive mistakes that can cost thousands of dollars
  • Talk Intelligently with broker, seller and landlord
  • Major Aspect of Building a New Dental Office
  • Cost of building Dental Office
  • Dental Office Marketing

Course content

5 sections • 22 lectures • 1h 47m total length

  • Introduction2:58
  • Practice Purchase Workflow2:39
  • Role of Practice Broker3:30

    Understand the role of a dental broker in practice purchases, who facilitates seller and buyer communication, offers limited liability, and earns commission; buyers must perform due diligence on practice records.

  • Finding Dental Practice4:28
  • Evaluating Profit & Loss Statement3:19
  • Evaluating Broker Documentation10:12
  • Negotiating Right Price4:54

    Negotiate the right price for dental practices by recognizing distress sales, seller circumstances, and market pricing; leverage broker appraisals and due diligence to secure favorable terms.

  • Letter of Intent5:33
  • Hiring Attorney & Accountant3:09

    Learn why you need an accountant and an attorney when buying or building a dental practice, and how they review broker financial documents and guide letters of intent and contracts.

  • Financing Business Purchase2:56
  • Business Entity4:32

    Explore business entity options for a dental practice, including LLCs and C-corps, comparing pass-through taxation with double taxation, and outlining steps with an accountant, obtaining an EIN, and state registrations.

  • Business Lease10:03
  • Sale and Purchase Contract7:46
  • Transition and Communication5:36

    Learn how to manage transition and communication during dental practice sale, including pre-signing staff discussions, onboarding, salary decisions, insurance registrations, and preserving patient relationships.

  • Issues Faced During Transition8:47
  • Final Thoughts1:11

    Review key strategies for buying and building a dental practice, including evaluating practice demographics, negotiating terms, and understanding letters of intent, financing, and legal considerations.

Requirements

  • Basics about buying and building dental office

Description

I have acquired few practices in last few years and build new offices from scratch. This course will give 360 view on buying and building dental office. You will be much more confident and will be able to avoid expensive mistakes. I have come across multiple dentist friends struggling with very basic and advance aspects of sale and purchase process.

Dental Brokers wants to sell practice and make their commission and Dental Vendors wants to sell you expensive Ops, x-Rays etc and you can save 25-30% using local vendors. This course is from my personal experience and I guarantee this will be worth of your time and you will save thousands of dollars.

Buying/Building Dental Office:

  • Buying Vs Building Dental Office
  • How and where to find dental office for sale 
  • Role of Broker 
  • Evaluating Profit and loss statement
  • Evaluating Broker Documentation
  • Demographics Analysis
  • Business Entity.
  • Hiring Accountant and Attorney
  • Price Negotiation
  • Financing your purchase
  • Letter of Intent
  • Lease Discussion
  • Sale and Purchase Contract
  • Transition and Communication. 

Building Dental Office

  • Approvals and Major Cost of Dental Office
  • Building Dental Office Case Study

Dental Office Marketing

Who this course is for:

  • Dentist looking for buy or Build a Dental office

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