If you’re a dentist, or about to graduate, you may eventually want your own practice. So, would you buy an established one, or start a new practice? By purchasing a dental practice, you’d probably go into debt, but it would give you a head start in the field. Dental brokers assist in the purchase of a dental practice. The video gives guidance on buying a practice. Video Source A practice is valued between three to seven times the EBITDA. When purchasing a practice, consider attrition of patients, overheads, loan interest, and paying an associate. Think about making it more profitable, by offering more services, or by decreasing costs. If the…
