Buy A Dental Practice

Purchasing a dental practice of your own can have a variety of inherent challenges, which is why it’s so important to have a quality team on your side. Let CTC National guide you through your transition process!

Steps In Purchasing A Dental Practice

Below are the most important steps you need to take when purchasing a dental practice:

Step 1: Decide On An Area – One of the first things you need to decide when purchasing a dental practice is the location. The location of the practice will determine profitability and potential growth. To help you make this major decision, it’s smart to obtain a demographic report for each location you’re considering. This will help you make an informed decision regarding what’s best for you and the goals you’ve set for your dental practice.

Step 2: Find a Location - Browse through our partner's current listings here.

Step 3: Buyer's Application – Once you’ve decided on a location, it’s time to take the next step. By filling out our Buyer’s Application form (partnered with CTC Associates), we can get a better feel for what you’re looking for in a dental practice.

Buyers Application

Services for Buyers:

Below are a few of the many services we offer to our buyers:

• Reviewing the practice value of potential offices
• Transition coaching
• Employee management training
• Assistance with putting together an employee manual
• Pre-transition assistance
• Post-transition coaching
• Demographic and market research
• Phone etiquette training for your front office staff
• Office policies and procedures training
• Analysis of overhead, production, marketing, collections, and other business management instruction
• Embezzlement prevention coaching
• Help with creating all patient and office documents
• Staff meeting instruction

Step 3: Know The Advantages & Challenges of Practice Ownership – Below are a few things you should know regarding the risks and benefits of purchasing your own dental practice:

Advantages

• Complete autonomy and control over practice and environment
• Greater earning potential (when compared to associate positions)
• Existing patient base on which to build
• Early cash flow and take-home earnings
• Experienced staff to assist with management and operations
• Less risk than starting a practice from scratch

Challenges

• The risk of business ownership, such as declining revenues, overhead, acquisition debt service, etc.
• Opportunities limited to only those practices available for sale
• Responsibilities and additional work associated with management and operation of the practice
• Possibility of poor habits among staff and challenge of overcoming the psychological inertia associated with taking the practice in a new direction (growing, improving)

For more information on purchasing an existing dental practice, or if you’d like to take the first step towards ownership, please contact CTC National today. We’re here to help you every step of the way!