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Why a $15M Dental Group Owner Isn't Selling (And Why You Shouldn't Either)
Description
When Dr. Zachary Kingsberg first called the hotline (Episode 450), he said he'd only sell his five-practice group for a "stupid multiple" of 13x to 15x EBITDA. But after running the real math and realizing zero-interest-rate multiples are gone, Zach returns to the show for a conversation to unpack what the realities behind his itch to sell, and why it probably shouldn't be scratched just yet.
Managing five high-volume Dallas practices while living in California, Zach doesn't work in the chair, doesn't lack cash flow, and can operate on just a few hours of visionary work a day. Yet, like many driven practice owners, he found himself contemplating an exit. Peter and Craig step in with a first-principles audit to break down why selling a cash flow engine often forces owners into a lifestyle haircut.
If you've ever thought about cashing out, this episode will help you identify what you actually want out of the sale, and will do the math to work out whether it means trading cash flow for a bank balance you're too afraid to spend.
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