Buying or selling a practice is one of the most significant financial events in a dentist’s career – with only one chance to get it right.
Act Now to See These New Practice for Sale Listings!
- Central Missouri: Small town charm with above average profit margins. Please see CODE MO358.
- South central Kansas, Wichita area: “Award winning general practice.”Above average revenues and profitability. See CODE KS218.
- St. Joseph, Missouri: A great practice, with an excellent location and curb appeal. Look at CODE: MO357 on the Missouri tab.
- Northwest Kansas City Metro: Located in an historic downtown area close to Kansas City, this practice boasts a long history of service to the community and is ready for new ownership. Take a look at Kansas City Metro – CODE KS216.
- Johnson County – Kansas City Metro: Looking to expand or start? This practice is located in one of our most requested destinations. Call now for further details: CODE KC347.
- Southwestern Kansas: Here’s an amazing opportunity for the right buyer. This office is the regional dental center for a very stable Southwestern Kansas town. Don’t wait. Please see Kansas CODE KS217.
Our latest sales – in Lee’s Summit, Missouri
We were pleased to represent Dr. Robert Lockard in the sale of his practice and building in Lee’s Summit, MO to Dr. Phillip Montoya.
. . . and in Seward, Nebraska
By the Numbers – a blog post from Dr. Steve Wolff
Here are a few numbers that buyers and sellers of dental practices may find interesting;
6003: Largest class of dental students to date – 1978.
$250,000: current baseline student loan debt.
$2800: my student loan debt upon graduation in 1977.
160: UMKC Class of 1977 celebrating their 40th reunion at the Midwest Dental Conference.
1: Number of Women graduates in UMKC Class of 1977.
102: UMKC class of 2016
65: University of Nebraska College of Dentistry Class of 1977
47: University of Nebraska College of Dentistry Class of 2016
76: net loss (33.78%) of graduates at UMKC and UNCD 1977 vs. 2016.
100%: Financing available to qualified buyers from banks with practice acquisition financing experience.
5%: Chances that an associate will segue into ownership while seller stays and retires in the future.
0%: Chances the above scenario will work if not fully detailed before the beginning of the Associateship
1161: Professionally Active General Dentists- Kansas (Kaiser Family Foundation)
2361: Professionally Active General Dentists – Missouri (KFF)
945: Professionally Active General Dentists – Nebraska (KFF)
2.5%: Presumed annual retirement rate based on a 40 year career
50%: Practices that have poor marketability as a result of revenues or geography
$400,000: Baseline revenues for a sustainable, transitionable solo general dental practice
$600,000 – $800,000: Transition “Sweet Spot” for a general dental practice
5%: optimistic projection for the percentage of sellers who understand the effects of asset allocation.
If you have questions about any of these numbers and are wondering what impact they may have on your practice and transition plans, please do not hesitate to give us a call or drop us a note. We deal with the effects of these numbers every day and will be happy to discuss.
Dr. Steve Wolff – UMKC Class of 1977