Before You Buy, Finding a Practice, Letter of Intent

Practice Purchased Podcast 1-1 – The 5 Things You Need to Buy a Dental Practice

Posted on by Brian Hanks
Welcome to the first episode of Season 1 of Practice Purchased – the podcast that takes you through the entire process of buying a dental practice start to finish. All in 20 episodes. Each 20 minutes or less. Why? I love podcasts, but I don’t need an hour for each one. I don’t need an interview every time. Just tell me what I want to know, and do it in a reasonable amount of time. In this episode, I dive right into the 5 things you need to have if you want to purchase a dental practice. And while I’m not going to sugar coat things (item #1 is the toughest one: cash) I’m also going to show you that these 5 things are well within your reach.
Brian Hanks

Brian Hanks is an author, advisor, certified financial planner specializing in helping dentists evaluate and acquire a dental practice of their own. Brian developed his dental practice acquisition framework to help dentists navigate the complex and overwhelming process. Brian's book, How to Buy a Dental Practice: Find, Analyze, Negotiate, and Purchase the Right Dental Practice for You, details the basic pitfalls that new dentists often make, and lays a roadmap for a successful acquisition. His consultancy, Dental Buyer Advocates, provides hands-on guidance and expertise for evaluating practices, negotiating with sellers, closing on a practice, financing, transitioning a practice from the seller to the new buyer's management, and much more. Brian has a business management degree from BYU, a finance MBA from University of Michigan, and a CFP certification from Northwestern University. He lives in Salt Lake City, Utah with his family and serves dentists nationwide. See Brian's 27-point dental practice acquisition checklist: https://www.dentalbuyeradvocates.com/dental-practice-acquisition-checklist/ Learn all about the process of buying a practice: https://www.dentalbuyeradvocates.com/buying-a-dental-practice/