Potential multiple dental practice $

[CalabasasDental]

doing a project for my minor in business...I'm majoring in biology and I want to get my DDS in the future. I want to open several pediatric offices and manage them from a business perspectiveonce I'm a developed dentist. What's the possible income level saying that I own 3-4 practices that are making ~$750,000-$1,000,000 profit. Just need ballpark averages of potential pay.

Ps, Ik Ive asked a similar question and some people have been able to participate but this question seems to have a little more meat to it and should hopefully give me some better data.
Also, I was told that in CA a dentist can have a maximum of 1 practice...don't think this is accurate

Thanks again!!!

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[BeaverLover]

At 4 practices I think you would be more of a businessman than a dentist

 

[HookahLungs]

At 4 practices I think you would be more of a businessman than a dentist

He said he wants to open them so he can manage them as a businessman not as a dentist. So if he gets the 4 offices then he'll be strictly a businessman, not a practicing dentist.

OP if you can get yourself 4 practices that are successful then by all means go for it you'd be making enough to buy a new house every year

 

[nonociceptors]

doing a project for my minor in business...I'm majoring in biology and I want to get my DDS in the future. I want to open several pediatric offices and manage them from a business perspectiveonce I'm a developed dentist. What's the possible income level saying that I own 3-4 practices that are making ~$750,000-$1,000,000 profit. Just need ballpark averages of potential pay.

Ps, Ik Ive asked a similar question and some people have been able to participate but this question seems to have a little more meat to it and should hopefully give me some better data.
Also, I was told that in CA a dentist can have a maximum of 1 practice...don't think this is accurate

Thanks again!!!

Good luck opening 3-4 pediatric offices pulling close to one million in profit. As far as your CA comment, obviously there is no rule that a CA dentist can have a maximum of one practice. The state is just very saturated and I'd feel pretty confident saying you won't successfully open 3 or 4 pediatric offices in the state, let alone make that much money from each of them. Since you're still in undergrad it will potentially get worse by the time you graduate dental school.

 

[PocketRocket]

You can own 4 practices and still do dentistry as long as you have a really good manager.

 

[THS]

Here is something I posted on another thread a while back:

"Income is very variable, but lets use the national average for a solo practitioner and assume each practice has a gross income of $700k. If overhead is 60%, the owner doc could take home a net of $280k. Now if the owner doc instead hires an associate to work full time, and pays them 33% of their production, that associate would be paid around $154k (assuming that hygiene is providing 1/3 of the practice's gross production and the associate is producing the other 2/3). So subtract that associate's income from the net income and the owner doc can keep $126k without seeing a single patient. And that's just for one practice, using national averages. I would assume that if a dentist has a practice successful enough to open other locations, each practice is probably producing more than $700k."

 

[johnho771]

If developing a successful business is your goal, don't overlook the idea of developing one large and successful dental practice. If you split your time between clinical dentistry and operating the business you could still be Very successful with high income levels.

 

[tyunup]

Yo dawg, here's my business plan - if I open 8 practices and they all make 3 million dollars profit, can I afford to pay off my student loans? 😀

 

[swindoll]

At 4 practices I think you would be more of a businessman than a dentist

Not true

 

[swindoll]

doing a project for my minor in business...I'm majoring in biology and I want to get my DDS in the future. I want to open several pediatric offices and manage them from a business perspectiveonce I'm a developed dentist. What's the possible income level saying that I own 3-4 practices that are making ~$750,000-$1,000,000 profit. Just need ballpark averages of potential pay.

Ps, Ik Ive asked a similar question and some people have been able to participate but this question seems to have a little more meat to it and should hopefully give me some better data.
Also, I was told that in CA a dentist can have a maximum of 1 practice...don't think this is accurate

Thanks again!!!

OP, it's wonderful that you're already looking into this so early in the game! Kudos to you! I think you're better off perusing DentalTown than SDN because most people on here are pre-dentals and don't know what they're talking about

 

[Typical Average Student]

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[NAVY DDS 2010]

OP .... if you want info that is more accurate and reliable, go ask this at Dentaltown. Asking thus question in the predent forum is probably not going to get many, if any, responses from practicing pediatric dentists who own their own, let alone 4, dental practices.

 

[nonociceptors]

OP, it's wonderful that you're already looking into this so early in the game! Kudos to you! I think you're better off perusing DentalTown than SDN because most people on here are pre-dentals and don't know what they're talking about

OP .... if you want info that is more accurate and reliable, go ask this at Dentaltown. Asking thus question in the predent forum is probably not going to get many, if any, responses from practicing pediatric dentists who own their own, let alone 4, dental practices.

I don't think dentaltown wants every predent with questions to start flooding their forums. It's limited to dental students, dentists, and others in the field for a reason. Hell, I'm going to start dental school next year and I wasn't even able to make an account since they have to verify your info before you can post, and only class of 2019 was an option to select.

 

[NAVY DDS 2010]

I don't think dentaltown wants every predent with questions to start flooding their forums. It's limited to dental students, dentists, and others in the field for a reason. Hell, I'm going to start dental school next year and I wasn't even able to make an account since they have to verify your info before you can post, and only class of 2019 was an option to select.

Then it has changed since I joined years ago

 

[swindoll]

I don't think dentaltown wants every predent with questions to start flooding their forums. It's limited to dental students, dentists, and others in the field for a reason. Hell, I'm going to start dental school next year and I wasn't even able to make an account since they have to verify your info before you can post, and only class of 2019 was an option to select.

Why would dentaltown not want predents when there's a whole section dedicated for pre-dental students. lol

 

[nonociceptors]

Why would dentaltown not want predents when there's a whole section dedicated for pre-dental students. lol

How do you register as a predent? I remember trying earlier in the cycle and the part where you have to verify your identity only had two options that were close to accurate "dental students" or "other." I tried signing up using the other box and clarified pre-dental but then it requires you to submit the name of your practice, so obviously it wasn't intended for predents. Now as an accepted student I put "dental student" and class of 2019 because 2020 wasn't an option and I haven't been accepted to post. It's been 3 weeks.

Edit- hey what do ya know, I can see the forums now so I must've been accepted today. I see the predent section now but it's tiny, looks dead lol. I just assume if they wanted a bunch of undergrads posting on there, they'd make it more obvious during registration by adding a pre-dental option. I still say they want us sticking to sdn lol. The way I look at it is the same when I see these high schoolers posting on sdn like hey I'm not in college yet but I wanna be a dentist what steps do I take? Step 1: relax, get to college first, then we can talk.