Dental Practice Sales in a Post-COVID Environment
Like most dentists, we held our breath in April 2020, anxiously waiting to see what the dental industry and practice transition marketplace would look like when we emerged from the COVID shutdown. How long would the shutdown last? Would patients feel comfortable returning to dental offices when they reopened? Would there continue to be demand from buyers looking to purchase practices? Will banks still be willing to fund dental practice acquisitions? With nine months of doing business in a
WHY BUYING AND MERGING ANOTHER PRACTICE INTO AN EXISTING PRACTICE MAKES SENSE
Growing a dental practice can be one of the most challenging things in practice ownership. Advertising for new patients can be hit-and-miss and very expensive. You can spend thousands of dollars on a new website, SEO optimization, postcards, etc., and not get hardly any results. That’s why one of our favorite strategies to grow a practice is to purchase another practice and merge it into your existing practice. By doing this, you get a predictable amount of revenue and patients that will all
How to Sell Your Practice with No Brokerage Fees
Practice owners are well-known entrepreneurs. You are used to doing things yourself and doing them "your way." When the time comes to sell your practice, you may naturally think that it can’t be that difficult to locate a buyer. But why do I need to pay a broker to sell my practice? What if I told you that you could probably find a buyer for your practice without the help of a broker? I always use the analogy with sellers that finding a buyer is like getting on first base; you are still a long w
Real Estate Investing for Dental Practice Owners
Dentists are some of the few medical practitioners who have the unique opportunity to invest in their own business. In addition, a lot of business purchase opportunities come with the opportunity to purchase the Real Estate associated with the Dental Practice. We at Commonwealth Transitions LLC. consider the ability to add a Commercial Real Estate component to your portfolio of Assets is essential for increasing your portfolio’s diversity and net worth in addition to increasing your ability to a
Discover Prime Dental Practice Opportunities with Frye Practice Sales
For dental professionals looking to take the next step in their careers, finding the right practice to purchase can be a transformative experience. Whether you’re a recent graduate ready to step into ownership or an established dentist looking to expand, the quality of your opportunities matters. At Frye Practice Sales, we specialize in connecting motivated buyers with thriving dental practices that match their goals, lifestyle, and long-term vision.Why Buy a Dental Practice?Owning a practice is
Navigating Dental Practice Transitions with Frye Practice Sales
Whether you’re preparing to retire, relocate, or explore new professional opportunities, transitioning out of your dental practice is a significant milestone. It’s a decision that not only impacts your career, but also your staff, patients, and financial future. At Frye Practice Sales, we understand the emotional and logistical complexities involved in selling or acquiring a dental practice, and we’re here to make the process smooth, transparent, and rewarding.Why the Right Transition MattersThe
Why DSO’s Pray You Don’t Hire a Broker
You have been approached by a DSO. They want to buy your practice. If you are the average general dentist, this is happening to you several times per week. If you decide to respond and explore the idea, the DSO will likely try to convince you that you do not need to hire a broker to represent you in the process. "You will save a lot of money by not paying a broker fee," is their primary argument. That is partly true, but what they know–and what they hope you don’t find out–is that, on average,
WHAT IS MY PRACTICE REALLY WORTH?
What is my practice worth? Well, it depends on who you ask. Value is largely a concept of perception. According to the IRS, fair market value is defined as “the price at which a [practice] would change hands between a willing buyer and a willing seller when the former is not under any compulsion to buy and the latter is not under any compulsion to sell, with both parties having reasonable knowledge of the relevant facts.” Although the definition may be stuffy, the concept is sage: the fair m
Timing The Market
Why This Might Be THE Year to Consider Selling Your PracticeAs practice transition specialists, we are often asked “Is now a good time to sell my dental practice?” While many factors are involved in deciding to transition your practice, the short answer is YES. The current practice transition environment features several attributes that are helping to enhance practice value and make it an ideal time to consider a practice sale:1. High Demand – The strong profitability of dental practices and the
The Role of a Dental Practice Broker
Planning to sell a dental practice? Don’t go at it aloneFACT: A dental practice is typically the doctor’s most valuable and prized possession.FACT: A dentist will typically sell a dental practice only once during his or her professional career.Considering these facts, many dentists will make a wise choice and entrust the responsibility of selling their practices to a professional who has the knowledge and experience to facilitate a successful transition … a dental practice broker. In my experien