Practice Broker Checking in to Help Answer Any Questions

[Greg_Jones]

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1. Where can I go to see a patient to dentist ratio for each zipcode?
2. Where do you believe dentists' demand is HIGHEST? I know it's rural but WHERE precisely?

They used to have a site to see this but they took it down. Now you have to go through a 3rd party for demographics on such. For instance google: doctor demographics and they are pretty reasonably priced. You can find an area with supporting demographics anywhere. Even in a state like Florida, there are still gold mines sitting around. This company i referenced above can also do this search for you. Good luck!

 

[Bernie Sanders]

They used to have a site to see this but they took it down. Now you have to go through a 3rd party for demographics on such. For instance google: doctor demographics and they are pretty reasonably priced. You can find an area with supporting demographics anywhere. Even in a state like Florida, there are still gold mines sitting around. This company i referenced above can also do this search for you. Good luck!

Which areas of Florida, are gold mines?

 

[Greg_Jones]

Double post.

 

[Greg_Jones]

Which areas of Florida, are gold mines?

Triple post. Stupid phone...

 

[Greg_Jones]

Which areas of Florida, are gold mines?

There are pockets all over the state. Remember you dont have to live where you practice either. That is usually the main turn off for most people. A large area amd example would be the pan handle of Florida. Pensacola is absoulately beautiful and has great demographics for dentists. We have some outstanding opportunities there for sale but no buyers that want to be there.

 

[wengerout]

Yes, Florida is VERY diverse. We have dentists that used to practice around the world that come here to get their licenses and live a better life style with the beautiful weather. I sold a practice 2 weeks ago to an outstanding gentleman from Ghana. I tread lightly here but you have to look at the seller and be logical and see if you could fit in with his patients and staff. Furthermore, we have a large Hispanic population in South Florida so speaking Spanish is a must in most Miami / Dade county areas. I think you have to find your niche and use it to your advantage. For instance, Sunny Isles (Florida) has a large German and Russian population.

In short, you need to just find an opportunity where you will fit in. Don't be afraid to ask the seller: Do you think I can be successful here? We have practices listed right now that have sellers whom are Asian and Indian.

Are there certain areas you would recommend that are better or worse when it comes to this issue? Or is it purely down to the seller of the practice? I'm very interested in the North FL/South GA area after school, and I don't mind being in a more rural area, but being a black male I want to steer clear of areas where this will be a big issue.

 

[Miley Cyrus.]

Are there certain areas you would recommend that are better or worse when it comes to this issue? Or is it purely down to the seller of the practice? I'm very interested in the North FL/South GA area after school, and I don't mind being in a more rural area, but being a black male I want to steer clear of areas where this will be a big issue.

The panhandle will have a significantly whiter population, fyi.

 

[wengerout]

The panhandle will have a significantly whiter population, fyi.

Oh I'm sure, I grew up in predominantly white area (Northern GA) so nothing I'm not used to, but in the area I grew up in most people would still be willing to see a black dentist as long as he was good. Just want to see if that would translate to the panhandle or not.


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[Greg_Jones]

Again treading lightly here as a real estate broker there are rules and regulations however I think it is something you need to be aware of when purchasing a business with existing patients. If it was me, I would straight up ask the seller if he or she thinks it would be a issue. As mentioned, I don't think it really plays an issue. In Florida, it is very diverse throughout the state. We have a practice for sale in Panama city that the seller is Muslim and middle eastern. However he is so upbeat and positive that patients love him and it doesn't matter. Have a good attitude, treat people like family, and be fair and you will be fine. I'll say it again, Dentistry is a personality business. Be outgoing! Patients have no idea about the quality of dentistry that is being done in their mouths!

 

[wengerout]

Again treading lightly here as a real estate broker there are rules and regulations however I think it is something you need to be aware of when purchasing a business with existing patients. If it was me, I would straight up ask the seller if he or she thinks it would be a issue. As mentioned, I don't think it really plays an issue. In Florida, it is very diverse throughout the state. We have a practice for sale in Panama city that the seller is Muslim and middle eastern. However he is so upbeat and positive that patients love him and it doesn't matter. Have a good attitude, treat people like family, and be fair and you will be fine. I'll say it again, Dentistry is a personality business. Be outgoing! Patients have no idea about the quality of dentistry that is being done in their mouths!

Thank you for your help! I will certainly consider all of this when figuring out where to set up shop.

 

[Greg_Jones]

You guys and gals need to know this coming out of school. Let me know if anyone has further questions. TGIF!

https://doctorschoicecompanies.word...the-need-to-know-about-dental-associateships/

 

[Greg_Jones]

Happy Holidays! If anyone has any questions or wants an opinion on anything related to practice transitions or commercial real estate, I am here to help!

 

[wengerout]

Happy Holidays! If anyone has any questions or wants an opinion on anything related to practice transitions or commercial real estate, I am here to help!

I have a question! I remember you saying North FL is a good place for dentist right now. Is the same true for Orthodontist and other specialist? In addition, if you know how are the states of Texas and Arizona for dentist/specialist right now?


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[wengerout]

Happy Holidays! If anyone has any questions or wants an opinion on anything related to practice transitions or commercial real estate, I am here to help!

Also how is the Jacksonville area for dentist specifically? Thank you in advance!


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[Greg_Jones]

I have a question! I remember you saying North FL is a good place for dentist right now. Is the same true for Orthodontist and other specialist? In addition, if you know how are the states of Texas and Arizona for dentist/specialist right now?


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You have understand that EVERY state and area within that state will have it's room for opportunity and you just have to go somewhere that fits your model and desired demographic. One of the many perks of buying an already existing practice is that you have cash flow and patients from day one and don't have to start from scratch and worry about "making it". However, there are areas (typically rural) with untapped potential where you could buy a small practice or even start up in some situations and have it take off as your competition is little to none. Remember, you do not have to live where you practice. My best suggestion is to figure out where you want to be and then start looking for a practice opportunity in that area. I have buyers call me all the time and tell me that they are willing to buy a practice anywhere in Florida if it is a great opportunity. My response is always what I mentioned above and that outside of work you still have to be happy. For example, I have a friend that is 33, has a practice in Panama City Beach and takes home $500K every year. For any GP this is above average as well as for his age. The catch is that he does not like living there as it is more of a geriatric population with little to do for young professionals. Point being, figure out where you want to live and work then find a job or practice opportunity around there. Finding a practice that is a good fit for you can take one year plus so plan ahead! Make sense? Just my opinion.

This applies to every specialty.

 

[wengerout]

You have understand that EVERY state and area within that state will have it's room for opportunity and you just have to go somewhere that fits your model and desired demographic. One of the many perks of buying an already existing practice is that you have cash flow and patients from day one and don't have to start from scratch and worry about "making it". However, there are areas (typically rural) with untapped potential where you could buy a small practice or even start up in some situations and have it take off as your competition is little to none. Remember, you do not have to live where you practice. My best suggestion is to figure out where you want to be and then start looking for a practice opportunity in that area. I have buyers call me all the time and tell me that they are willing to buy a practice anywhere in Florida if it is a great opportunity. My response is always what I mentioned above and that outside of work you still have to be happy. For example, I have a friend that is 33, has a practice in Panama City Beach and takes home $500K every year. For any GP this is above average as well as for his age. The catch is that he does not like living there as it is more of a geriatric population with little to do for young professionals. Point being, figure out where you want to live and work then find a job or practice opportunity around there. Finding a practice that is a good fit for you can take one year plus so plan ahead! Make sense? Just my opinion.

This applies to every specialty.

Thank you so much!!!


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