What does working with me look like? Let me break it down into phases for you!
more info & FAQs
It all starts here. You need to be ready to own, and find a practice you’re excited about. There will be obstacles along the way, but they can be overcome with the right tools. See helpful tools and resources for this step here.
Know what your ideal practice looks like
Build a network of dental professionals
Find a practice you may want to buy
We’re going to take a deep dive look at the practice you’re looking at together and assess the opportunity objectively. This is one of the biggest, most important career decisions you’ll make as a dentist. It’s important to get this right. I’ll create a report to answer three main questions:
Here’s where you’re going to make an offer to the seller. It’s crucial to get this step right to set the stage optimally to help ensure a smooth transition to your ownership of the practice. See helpful tools and resources for this step here.
After you have an accepted letter of intent, it’s time to secure financing from a bank. You’ll want a dedicated dental lender, but the lending landscape is constantly shifting. I’ll help you navigate the process to the bank with the best deals and terms in your area. See helpful tools and resources for this step here.
We’ll dive deep into the target practice and ensure we thoroughly understand what you are purchasing. Good due diligence includes a thorough a review of both reports and in-person due diligence. See helpful tools and resources for this step here.
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 that will be put in place that you hopefully never use. See helpful tools and resources for this step here.
As the closing date gets closer, there is a lot to do to be ready to own a business. I’ll walk you through it and get you as ready as you can be. Some steps are crucial to start as soon as is practical. Others can wait a bit. We’ll work together to make your first days as owner focused more on patients and staff instead of stressing about ownership details. See helpful tools and resources for this step here.
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!
I had my heart set on two practices that Brian helped talk me out of buying. I bought the third we looked at seriously and am glad I waited. Now that I’m an owner, I’m so glad he helped me avoid those practices that weren’t right for me. Brian really knows his stuff. I would recommend Brian to anyone who is thinking about buying a practice.
Nope. Between me and an attorney, you should be good to go. I act as the accountant
through the transition and will help you transition to a full-time CPA to help with your taxes and
bookkeeping after you’re an owner.
My engagement is flat-fee, regardless of the time it takes to close on your practice.
The total fee is $7,500.
$2,500 is due up front as a retainer.
The remaining $5,000 is billed to your business
after you own your practice.
There are no penalties to looking at one practice and deciding not to buy. The rate stays the same regardless of how long you take to search for the perfect practice.
If you’d rather follow a guided course on this process instead, read about my Practice Purchase Blueprint Course here.
Brian helped me negotiate a sales price of $75,000 less than the asking price. He also noticed a mistake on the accounts receivable purchase that saved me another $6,300. His skill more than justified any fee he charged. My favorite part about working with Brian was his skill in explaining the how and why of everything we did during the transaction. I loved working with Brian!
Purchasing a dental practice is a big decision. Ask me any question you’d like.