Buying a Dental Practice: Key Considerations for First-Time Buyers
Buying your first dental practice is exciting, but it’s also a major investment that requires careful thought. From choosing the right location to analyzing financials, each decision can significantly impact your success. If you’re a first-time buyer, here’s what you need to know before signing on the dotted line.1. Know What You WantDecide early whether you want a general practice, specialty clinic, or multi-provider practice. Consider work-life balance, desired income, and patient demographics
Dental Practice Valuation: What Is Your Practice Worth?
Whether you’re preparing to sell or simply planning, understanding the value of your dental practice is essential. Valuation isn’t just about revenue—it includes patient base, location, equipment, staff, and even intangible assets like goodwill. A proper valuation can ensure you’re setting a fair asking price and attracting the right buyers.1. Key Factors That Impact Valuation • Revenue and Profitability: Steady income streams and healthy profit margins raise your practice’s value. • Patient Ret
Doctor, Don’t Sign the Office Lease!
As a practicing dentist with your practice, more than likely, you have a lease on your office. Perhaps you even required your lawyer to scour it before signing. And maybe you’ve required concessions and allowances from the building owner. Or, if you are just starting in your practice, you will have paid some attention to the lease; the bank providing the financing will require that you have a lease long enough to cover the term of the loan. But the lease is just one item of many that you have to
The Inflation Effect on Dental Office and Practice Values
Over the past thirty years, inflation as measured by CPI has averaged 2.6% growth per year. From 2000 through 2020, inflation never exceeded 4%. Beginning in the Spring of 2021 and continuing through most of 2023, the annual inflation rate spiked. According to the BLS (Bureau of Labor Statistics), the US annual inflation rate rose to 7% in 2021, 6.5% in 2022, and 3.4% in 2023. The economic pressure has affected dentistry on several levels, the most obvious being in the cost of labor, and maintai
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