Selling Your Dental Practice - How do I?

Today’s guest, Perrin DesPortes, helps dentists build group practices, bring associates and executives into ownership, and assist in the transition process. If you’re moving towards a transition with your practice, then be sure to tune in.

You will hear about what it means to be ‘doctor-founded’ and ‘debt-funded’ and how it has allowed for so much success among the practices that have worked with Perrin. We also discuss the many different aspects that a practice owner needs to consider to do what’s best for their practice and transition aspirations.

Minute Markers:

2:04 – Perrin’s history, his company, and what they set out to do.
8:13 – The best place to be when you’re deciding to transition your business.
15:22 – How many people end up continuing with the process after the consultation.
19:21 – The importance of knowing your true walk-away number.
24:57 – The variations in private equity and what to expect when it comes to working with private equity.
29:57 – What is unknown to most of the marketplace and where to get the right information.
34:02 – A phenomenon in the industry (and why it may be good).
38:54 – Why there’s some hesitancy in the markets and what’s behind it.

If you like this episode, here are more episodes we think you’ll enjoy:

Achieving Financial Freedom in Dentistry – David Phelps – Ep 479
Is It the Time to Sell or Not? – Brannon Moncrief – Ep 477
Embracing Change and Building Resilience … – Dustin Burleson – Ep 472

Featured on the Show:

Perrin DesPortes: LinkedIn
Freedom Founders

#perrindesportes #practicesale #practicetransitions #decidingtosell #sellingprocess

Watch full length Interviews on video!

Watch full length interviews on David’s YouTube channel by going to www.DentistFreedomBlueprint.com/YouTube. Don’t forget to subscribe to David’s YouTube Channel for more content on maximizing your business, wealth, and creating a financial blueprint to reach your Freedom faster!

Join the tribe of dentists ditching Wall Street. Get more insights, resources and inspiration for creating asset based income and Freedom. Follow us on Facebook here.

P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :

1. Schedule a Call with My Team:

If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least 1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.

2. Become a Full-Cycle Investor:

There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.

3. Get Your Free Retirement Scorecard:

Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.

Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.

“All of our clients are what we call ‘doctor-founded’ and ‘debt-funded.’ That’s a fancy way of saying that these are entrepreneurs who happen to be healthcare providers who want to build a multi-location group using bank…

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“If you own a high-value solo practice or a multi-location group, your transaction is going to be a process or an event, and you need to approach it that way if you intend to get maximum value out of it.” – Perrin DesPortes