Benefits of Purchasing an Existing Dental Practice

Dentist store front - practice for saleWhether you’re a seasoned dentist looking for more independence or a new dentist looking for a start, purchasing an existing dental practice can offer many great opportunities. This type of major career decision can be stressful and full of uncertainties. Because of this, we’ve created a list of a few of the many benefits of purchasing an existing dental practice.

Benefits of Existing Dental Practice Purchase

While there are many benefits of purchasing an established practice, the main ones are below:

  • There is an Infrastructure Already in Place – When you purchase an established practice, you will be benefitting from the previous dentist’s marketing efforts as well as the many other things he or she has put into developing the dental practice. The current patients and even most of the current staff are likely to stay loyal to the dental practice even after you take over. This is much simpler and cheaper than starting from scratch.
  • You Have an Opportunity to Build Wealth – Owning your own practice can help you to increase your salary. You will inherit many more responsibilities, but they do come with quite a higher salary. Additionally, business owners, including dental practice owners, are afforded certain tax deductions and other incentives.
  • Gives You a Competitive Advantage – If you already own your own practice, but your patient base is struggling to stay high enough, creating an additional practice location will expand your market share while stimulating consumer interest at the same time. Additionally, purchasing another practice location will prevent your competitors from purchasing the property.

While purchasing an existing dental practice can have multiple benefits, it does come with challenges as well. Here at CTC National, we can help you make the decision to purchase a dental practice or start one from scratch. To learn more, please contact us today!

Posted by

Share:

Archive

Mar 11, 2019, 9:31 PM
One of the ways that insurance companies make sure that their profits increase is to collect monthly premiums from their…
Feb 25, 2019, 6:46 PM
If you’re hesitant to raise the fees in your dental office, you’re not alone. If you and your patients are all happy with the…
Feb 11, 2019, 6:41 PM
When you’re setting up your dental practice, you’ll begin to understand the importance of demographic, geographic,…
Jan 28, 2019, 9:48 PM
It can be easy to get wrapped up in the daily issues of your dental practice. We understand that your first priority should…
Jan 15, 2019, 9:34 PM
If you’re having trouble with finances at your dental practice, you’re not the only one. In 2014, it was discovered that…
Dec 27, 2018, 8:48 PM
If it seems like your dental practice is chaotic and unorganized, there may be a problem with how you’ve been conducting your…

Our Blog

Read about trends within the dental industry, tips, secrets to success and more.

#
Why Insurance Companies Deny Dental Claims and How to Avoid This
One of the ways that insurance companies make sure that their profits increase is to collect monthly premiums from their…
#
Knowing When It’s Time to Raise Your Dental Fees
If you’re hesitant to raise the fees in your dental office, you’re not alone. If you and your patients are all happy with the…
#
Checklist for Relocating Your Dental Practice
When you’re setting up your dental practice, you’ll begin to understand the importance of demographic, geographic,…
#
New Year’s Resolutions for Your Dental Practice
It can be easy to get wrapped up in the daily issues of your dental practice. We understand that your first priority should…