Learn The 8 Steps To

Buy The Right Dental Practice

Use the tools and tips below to get you there.

…or continue reading below.

Where Do You Start?

Click on a step below to learn more:

STEP 01

Find A Practice

STEP 02

Purchase Practice Analysis™

STEP 03

Letter of Intent

STEP 04

Bank Financing

STEP 05

Due Diligence

STEP 06

Legal Documents

STEP 07

Pre-Ownership Checklist

STEP 08

Close On Your Practice

STEP 01

Find A Practice

Overcome common obstacles  with the right tools and find a practice you’re excited about.

Your to do's

  • Know your Perfect Practice Profile
  • Build a network of dental professionals
  • Find a practice you may want to buy

Find the perfect practice

Get The Perfect Practice Profile

STEP 02

Practice Purchase Analysis™

Dive deep into the practice you’re looking at and assess the opportunity objectively.

Learn how to read the numbers. This is one of the biggest, most important career decisions you’ll make as a dentist. It’s important to get this right.

Your To Do's

  • Gather practice documents
  • Complete the Practice Purchase Analysis™
  • Decide whether to put an offer on the practice

STEP 03

Letter Of Intent

Here’s where you’re going to make an offer to the seller. It’s time to set the stage and ensure a smooth transition to your ownership of the practice.

Your To Do's

  • Submit the letter of intent
  • Negotiate terms

Buying a Practice is a Big Decision

Brian helps buyers like you through a proven process to get it right.

STEP 04

Bank Financing

After you have an accepted letter of intent, it’s time to secure financing from a bank. Use a dedicated dental lender and remember it’s about more than the rate!

Your To Do's

  • Start the application process with selected banks
  • Negotiated & select the best loan offer
  • Find a practice you may want to buy

STEP 05

Due Diligence

Dive deep into the target practice and ensure you understand what you are purchasing. Good due diligence includes a review of both reports and the practice.

Your to do's

  • Visit the practice for in-person due diligence
  • Complete financial due diligence

THERE ARE 77 QUESTIONS YOU MUST ANSWER...

…Before you can feel confident you’re purchasing the right dental practice. I’ve answered every one of them for you in this free cheatsheet.

Additional Resources

STEP 06

Legal Documents

Both you and the seller will have attorneys draft. Negotiate and finalize the legal documents that will legally transfer the business to your name.

You will also create a legal entity. The most important things that will happen in this step are the protections you put in place which you will hopefully never use.

Your To Do's

  • Select a dental attorney
  • Open your business entity
  • Negotiate and finalize legal documents

Want an easy way to remember all 8 steps?

Get the 1-page Quick Start Guide for All 8 Steps

STEP 07

Pre-Ownership Checklist

As the closing date gets closer, there is a lot to do to be ready to own a business. Some steps are crucial to start as soon as is practical. Others can wait a bit.

As the closing date gets closer, there is a lot to do to be ready to own a business. Some steps are crucial to start as soon as is practical. Others can wait a bit.

Your to do's

  • Complete items in the Comprehensive Practice Purchase Checklist™
  • Insurance credentialing
  • Applying for life and disability policies

download the checkList

Get The Comprehensive Practice Purchase Checklist (it’s free!)

STEP 08

Close On Your Practice

This is what you’ve waited and worked so hard for! You’re going to walk through the doors of a dental practice that you own. There will be a lot going on at this stage, but celebrating can and should be one of them!

Your To Do's

  • Sign legal documents
  • Sign banking documents
  • Ensure working capital funds are accessible
  • Celebrate!

let's talk

Purchasing a dental practice is a big decision.  Ask me any question you’d like.

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