DiscoverDentists Who Invest PodcastIs This A Good Time To Buy A Dental Practice? with Johnny Minford
Is This A Good Time To Buy A Dental Practice? with Johnny Minford

Is This A Good Time To Buy A Dental Practice? with Johnny Minford

Update: 2024-12-06
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Want to understand how to become as tax efficient as possible?
Connect with Johnny here: https://www.dentistswhoinvest.com/reducing-tax-bill/

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You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>>  dentistswhoinvest.com/podcastreport

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Thinking about buying a dental practice but not sure if it’s the right time? In this episode, we’re joined by James, who shares his expert insights into what makes a good dental practice purchase. From understanding the differences between owner-managed and associate-led practices to evaluating key factors like lab fees, overheads, space, and patient demographics, we cover everything you need to know to make an informed decision.

Ever wondered why a practice owner might decide to sell? We’ll walk you through the red flags, like neglected maintenance or disengaged staff, that could signal a tired seller. Plus, we’ll explain how capital gains tax changes and broader economic factors can affect a seller’s pricing strategy, giving you potential buying opportunities you wouldn’t expect. James also sheds light on how to assess a practice’s financials to avoid getting caught up in inflated figures that make the practice seem more profitable than it is.

We’ll finish up by looking at how the current market dynamics, including budget changes, interest rates, and geographical factors, are shaping practice values. Whether you’re a first-time buyer or looking to expand, learn how to turn market challenges into opportunities with strategic decision-making and due diligence. From NHS practices to working with banks, we’ve got you covered, so you can navigate the complexities of dental practice acquisitions with confidence.

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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.

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Is This A Good Time To Buy A Dental Practice? with Johnny Minford

Is This A Good Time To Buy A Dental Practice? with Johnny Minford

Dr. James Martin