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Buying a Dental Practce – What to Look For

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Buying a Dental Practce – What to Look For

On March 24, 2016, Posted by , In Dental Practice, With 1 Comment

It’s perplexing enough to finally make a decision to buy your own practice. For most of you, cialis generic  it will be your first acquisition. For others, you’ve been there and done that but has it always worked out in your favor.\n\nOf course, every practice has the same components of patients, staff, office, equipment, etc. but isn’t there more to consider.  Let me explain some of the key points and what to look for:\n\nLocation\n

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  • Is it close enough in proximity to your home that the commute would not be troublesome
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  • Is it visible to the passerby’s
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  • Is the marque large enough to see
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  • Is it in a strip mall
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\nCompetition\n

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  • -Are there a lot of other dentist in the same 5 mile radius
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  • -Will you be able to establish or continue the referral base
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\nOther important factors of staffing, current lease terms, transition, etc. are equally as important.  A well trained, professional practice transition broker will be able to guide you through what could be the most important decision of your life.\n\nA decision that can affect your financial status for the rest of your life.  One thing that would be a good direction to take is to discover if you have any credit issues that may prevent you from obtaining 100% financing. This can be done easily through contacting ProMed Financial, Inc. A simple application will help you discover the amount of money you will be able to borrow and the best direction for yourself in making this decision.\n\nIt has happened as a surprise to many that other negative credit may be accidentally recorded on your report and this can take sometimes a few months to have it removed.\n\nBest not to put the cart before the horse.

One Comment so far:

  1. Essie says:

    Great hammer of Thor, that is polufrelwy helpful!

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