There are many advantages to buying an established practice. In a practice, the referral base and the excellent reputation of the previous doctor jump start your career. If you start your practice from scratch, it will take a good deal of time to build a referral base. That means it can also take time for you to start earning income. The economic gains for purchasing a practice outpace gains of a startup.
Another advantage of buying an existing practice is that the systems and the staff are already in place. This allows the dentist to focus on patients rather than dedicating endless hours to getting a practice up and running.
Another significant advantage of buying an existing practice is that funding is readily available. This is because financing sources recognize that the failure rate for dentists buying an existing practice is extremely low. If you have any further questions, don’t hesitate to contact us.