browncrack

Flood Damage
10+ Year Member
7+ Year Member
May 2, 2008
379
13
Status
Dental Student
Met a dentist who has been in the same space for >20 years, bought the practice from another dentist also in the same space for >15 years. Nothing in the office <5 years old. several hundreds of patients but not many. Essentially take over and build the practice and pay versus production for a few years. I get the impression the owner will basically walk away if someone doesn't take it. Urban area. Schedule is two days per week. Any thoughts?
 

gn4

5+ Year Member
Apr 1, 2013
1,134
244
Status
Dental Student
should probably ask this on dentaltown
 

THS

Articulating Disc Jockey
7+ Year Member
Jun 20, 2012
536
560
Louisiana
Status
Dentist
Need some numbers before anyone can help out.
Gross production, overhead %, collections %. FFS? PPO?
Are the staff overpaid?
Can you add procedures that the selling doc didn't do?
Can you add new methods of advertising?
You can obviously add 2-3 days per week and increase production that way.

It a good idea to pay low for a low-production practice with potential, but you want to make sure it has potential.

Ask on dental town, with numbers.
 
Sep 29, 2015
28
7
Status
Pre-Dental
check out dentaltown - much broader audience who knows about these things