Ask a recent dental graduate for a description of the practice he or she would like to purchase, and you will hear, “I want a high-quality crown and bridge practice, in the best area of town, where I can do my kind of work on my type of patients.” For that matter, it would be amazing if a purchaser ever had a different response. Vanity is usually the reason he or she wants to purchase this kind of practice, but is it the best opportunity?
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It’s interesting to note how many doctors worry more about the fee they will pay for selling their dental practice than the net amount (after taxes) they will ultimately realize from the sale. We have seen doctors take fifty to sixty percent less than the actual value of their practice, and even others who walked away from their practice, just to avoid paying a fee for having it sold for them! The real question should be, of course, is how much money does a doctor lose by trying to sell his den
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There's an old maxim, "There are two ways to get rich in this world, either be born rich or marry rich." If you are rich, you don't need to read this article, but if you count yourself among the less fortunate millions (not dollars but people), then this article is for you.
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