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RED FLAGS when buying a dental practice
Description
Make sure you're buying the right dental practice. If you understand these 14 red flags, then you'll stand a much better chance at buying a practice that meets your goals.
🔔 Learn More About Our Services: https://practiceown.com
📕 Check out my book "Buying Freedom" for a deeper dive into the process: https://amzn.com/dp/B0DGGC7WG8
💌 Email me at: chris@practiceown.com
🌍 Website: https://www.practiceown.com
0:00 Buying the Right Dental Practice
1:06 Low Number of New Patients
2:07 Low Active Recall Patients
4:04 Emergency-Driven Patient Mix
5:39 Low Number of Hygienists
7:23 Poor Location
9:53 Seller Over-Diagnosing Crowns
13:00 High Number of Specialty Procedures
15:36 Low Pro Fees & Potential Perio Over-Diagnosis
17:04 Seller's Revenue Per Patient is Too High
19:18 Family Members on Staff
22:21 Low-Paying Insurance Plans
24:21 Seller's Unclear Retirement Plans
28:05 Unfavorable Lease Terms
29:01 Unrealistic Asking Price