There’s a lot more that goes into the cost of buying a dental practice than just the sticker price. Dental practices can cost anywhere from a few hundred thousand dollars to over a million dollars depending on size, location, history and a number of other parameters.
A good rule of thumb for determining the expected cost of a dental practice is 60% of the adjusted gross annual production of the practice. But the advertised number doesn’t tell the whole story.
When considering the cost of a dental practice, it’s important to also consider the following four things.
Wish to learn more about buying a dental practice and even see some dental practices for sale? At Benevis, we assist dentists with the purchasing process and help position them for the best return on their investment. See how we can help you today.
Dental Economics: http://www.dentaleconomics.com/articles/print/volume-89/issue-10/features/to-buy-or-not-to-buy-your-move.html
The Wealthy Dentist: http://thewealthydentist.com/surveyresults/133-dental-practice-leases.htm
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Zac joined Benevis as a Manager of Talent Acquisition in 2015. He works to identify dentists who would be interested in ownership opportunities at our affiliated practices across the United States. Zac enjoys really getting to know the dentists he works with so he can help them purchase a practice that perfectly suits their needs. Zac spends his free time with his wife and two dogs. When the weather gets warm, you can usually find him on the lake, at a Braves game, or playing golf.