Owning Multiple Dental Practices: Is It Profitable?
Oct 08, 2020
In this Dentalpreneur Podcast episode, Dr. Aaron Nicholas joins Dr. Mark Costes for a conversation about owning multiple dental practices and what dentists should consider before expanding.
Dr. Nicholas and Dr. Costes discuss practice ownership, expansion timing, purchasing opportunities, distressed practices, due diligence, reputation, and the systems needed to evaluate whether a second practice is a smart move.
They also talk about how mastermind conversations and exposure to other practice owners can shape the way dentists think about growth, opportunity, and long-term business strategy.
In this episode, you’ll hear about:
- How to determine if you are ready to own multiple dental practices
- Why the reputation of a practice for sale should be considered
- How to find creative opportunities in practice purchases
- How a non-dentist may be involved in dental office ownership
- How to weigh the pros and cons of purchasing a distressed practice
- Why due diligence is key to a successful practice purchase
