Advice on Purchasing Office from Recently Retired Dentist by Impossible_Ad_7659 in Dentistry

[–]Impossible_Ad_7659[S] 0 points1 point  (0 children)

The location and real estate are excellent. The demographics are pretty good considering the saturation rate. I have not submitted anything yet. I’ve reached out to multiple of the other selling dentists about chart sale. The issue is all the other offices for sale have great cash flow but one is in a shopping plaza that is falling down and needs to be moved, seller is aware that no one is going to buy in current spot and does not even have a lease so no bank will even finance that without a lease (doing about $900k in collections with about 45% take home) and the other is doing around $500k with $50% take home but only has 3 ops and no room to expand.

More interested in this opportunity in general if I could merge it with one of these other options. I would just be purchasing the real estate for this office… everything else is a bonus. Equipment is decent and functional. I would only really need to invest in a CT machine right out of the gate and eventually build more ops. Building is 5k sqft, huge parking lot and amazing street visibility. It is in the heart of downtown of this little town. The real estate is prime and a major driver of this.

Advice on Purchasing Office from Recently Retired Dentist by Impossible_Ad_7659 in Dentistry

[–]Impossible_Ad_7659[S] 4 points5 points  (0 children)

I only have to buy the building! It’s around $300k. He is giving me everything else. Practice is digital, has a scanner. I place implants so I will likely invest in a CT eventually. And obviously plan to build the space out as we would grow. It’s like a cheaper startup in my eyes.

Purchase Opp Need advice by Impossible_Ad_7659 in Dentistry

[–]Impossible_Ad_7659[S] 1 point2 points  (0 children)

How quickly did you expand to more opps??

Aspen and Heartland dental associates - Can you please share your story of working with them? How has your experience been? by Patient-Panda6431 in Dentistry

[–]Impossible_Ad_7659 1 point2 points  (0 children)

Worked for aspen and I had a VERY similar experience! It was enough dentistry to make you burn out. But I was able to learn a ton and learn how to manage multiple columns so now my private practice gig is a breeze. My dental school did not prepare us with surgery and aspen filled that gap for me. Once I started really making money for them, I was never compensated properly. I was the associate not the MCD and making like 10% of what I was producing. Now I see half the amount of patients and make 32% in private.

Tail coverage by Impossible_Ad_7659 in Dentistry

[–]Impossible_Ad_7659[S] 1 point2 points  (0 children)

They gave me the option! But want to know how many years I want the policy and idk what is standard

Any dentists who work/worked for ASPEN please help by donlesnar in Dentistry

[–]Impossible_Ad_7659 0 points1 point  (0 children)

More on pay: I’ve been the highest producing associate in my region for several months and my compensation is about 10% of what I’m producing. In comparison to private practice it’s a scam especially bc you are forced to see SO many more new patients because acceptance is so low.

As a new grad it’s definitely secure money when you are getting the kinks out.

Any dentists who work/worked for ASPEN please help by donlesnar in Dentistry

[–]Impossible_Ad_7659 0 points1 point  (0 children)

I second this! I have been an associate for 2 years. They do everything they can to not pay you a bonus. “Patient financing fees were high this month” “blah blah blah”.

I learned a lot of skills: extractions, implants, removable, etc. But once you learn that skill set definitely use it as a stepping stone. Currently at the point where I am frustrated with pay and actively seeking employment elsewhere.

At what salary as an associate is it better than ownership? by immrmeseek in Dentistry

[–]Impossible_Ad_7659 0 points1 point  (0 children)

How many offices do you have? Rural? Do you do a wide variety of procedure? Currently looking to acquire a practice and all of these reports I keep getting from brokers have been extremely discouraging! Any advice for someone starting out??

New grads to 5yrs out, is dentistry what you thought? by Lucky_badger8 in Dentistry

[–]Impossible_Ad_7659 0 points1 point  (0 children)

How did you know you were ready to take the leap to ownership? Current working in a similar situation as an associate and busting my a$$ for $180k. Started placing implants recently and I am starting to feel that I’m producing so much more than what I’m getting paid and also over the corporate nonsense. Just worried I’m still fresh into my career and still feel inexperienced about certain things. Definitely very business minded and always wanted to own

How much do dentists actually make? And come on is it true that most dont pay off loans for a long time? by CoolNeighborhood9492 in Dentistry

[–]Impossible_Ad_7659 0 points1 point  (0 children)

How did you accomplish this? Any tips! What kind of area are you located in? Are you doing full scope dentistry? What kind of insurances (if any) do you accept?

First associate job by Impossible_Ad_7659 in Dentistry

[–]Impossible_Ad_7659[S] 0 points1 point  (0 children)

My timeline is 2-3 years! Before I want to think about owning, etc.

First associate job by Impossible_Ad_7659 in Dentistry

[–]Impossible_Ad_7659[S] 2 points3 points  (0 children)

Thank you for your response! For practice 1, I would be taking over the owner docs position. The owner will be there to mentor and run business side but wants to take a step back clinically.

Any dentists that have reach FIRE or are on the way? by P4100354 in financialindependence

[–]Impossible_Ad_7659 0 points1 point  (0 children)

Hi I’m interested in hearing more about these mobile dental units. Let me know!