CONNECTING DENTAL PRACTICES BUYERS & SELLERS FROM COAST TO COAST
BUYING A PRACTICE VS START-UP
You’ve been working as an Associate for the past few years and the time has come for you to move on and be your own boss. The question is: should I buy a practice or should I start one from scratch? This answer can depend on several factors including budget, current opportunities on the market, and your willingness to adapt to an existing practice.
Budget is all relative and oftentimes it may be more beneficial to purchase an existing practice due to positive cash flow. Although the acquisition price may be substantially higher than a start-up practice, there is an existing patient base to step into. Banks look favorably on this as well.
Of late, there has been a smaller inventory of practices for sale nationwide than in past years. This has created a higher demand for start-up practices. The benefit to starting a practice from start is that you are able to go into a location of your choosing and build it the way you want it. The downside is that you don’t have any patients to start with.
PRACTICE START-UP AND TRANSITIONS CONSULTING
At Venture Dental Group, we offer two types of consulting packages, one for a Start-up and the other for Transitioning into a purchased practice. These packages are ideal for doctors needing assistance as they embark on their new venture. Each practice is unique and thus, each program is tailored to meet the specific needs of the doctor and the practice.
VENTURE REAL ESTATE GROUP
When it comes to picking a location for your next dental practice, it is important to consider how the terms of the lease or purchase can affect the performance of the business. We offer tenant representation for the negotiation of leases and property purchases, which is often at no cost to you. In addition, when you are considering selling your practice that involves the sale of real estate, Venture Real Estate Group has partnered with Venture Dental Group to create a one-stop solution for the entire transaction. Contact us today for details!
When I was looking to purchase a dental practice, it couldn't have been easier! Thanks Venture for guiding me through the process!