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FREQUENTLY ASKED QUESTIONS

Your Practice Transition Questions Answered

Whether you're purchasing your first practice or preparing to sell the practice you've built, Radman, White & Associates helps you make informed decisions.

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How much is my endodontic practice worth?

It comes down to analyzing collections and the cash flow along with equipment, lease terms, referrals and more.

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How long does an endodontic practice take to sell?

Timelines vary widely, anywhere from 3 months to a couple of years, depending on practice fit, financing, and how ready the seller is. We tend to say 12 months is the average, but it varies practice to practice.

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What makes buying an endodontic practice different?

Endodontic practices generate their patients almost entirely from referrals. So there are additional factors to consider when buying an endodontic practice.

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Why should you hire a firm that specializes only in endodontic transitions?

Having transitioned Endodontic practices for almost 30 years, we understand the specific nuances that can make an Endodontic transition succeed. Endodontic practices have unique considerations that we understand and put to work for our clients. We're a three-generation family firm that works exclusively with endodontic practice transitions — never general dental, never other specialties — so every valuation, buyer relationship, and negotiation we handle is built around what actually matters in Endodontic practice transitions.

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How are endodontic practices valued?

We price every practice so that when a purchaser steps in, they should be able to take home at least 40% of collections after all debt and expenses are paid. To arrive at that number accurately, we use appraisal software developed in-house by our CPA, built specifically around what is important in an endodontic practice, not a generic dental valuation model. That precision and expertise is what allows us to structure a price that works for both the seller and the incoming buyer from day one.

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What should be considered prior to bringing in an associate?

Do you actually enjoy working with this person? Are they looking to eventually buy into a partnership? And do you have enough case volume to keep you both busy? Getting honest answers to these questions upfront saves a lot of headaches down the road.

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Can associates buy practices?

Most definitely. You just want to make sure that you don’t buy more collections than you can handle. Unless of course you have an associate to help you.

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How do we match sellers with the right buyer for their practice?

Since we work exclusively with Endodontists, we find out what the Endodontist is seeking and match that up with the various opportunities we have available.  

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What financing is available?

Even Endodontist coming out of residency with massive school debt are routinely approved for 100% financing.  

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What makes a partnership work?

We like to say a partnership is a lot like a marriage, you're around this person constantly, so it matters that you genuinely like working with them and that your values are similar. If you choose the right partner, everything else is easier to work through. In most instances we set the purchase price prior to you ever picking up a handpiece. We believe the associate period can be compared to an engagement period. Who would want to get engaged to someone who wants 10 kids when you want 1?

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What should you expect during an Endodontic practice transition?

You can expect us to be communicative and honest throughout the entire process. And you can expect us to search diligently for the right buyer and we are only searching for Endodontist all day, every day. No time wasted looking for other types of dentists.

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Can I stay on after selling?

Yes, some doctors work back for a transition period after closing, while others are ready to be done and want out as soon as possible. If the practice is busy enough, either way works; it's just a matter of what purchaser and seller want.

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How long should an endodontic practice transition take?

From the time we facilitate an LOI, to the time we close, the process has been as quick as 21 days and then for others it can be drug out considerably to meet their timeline. A standard normal close is about 45 days from the time we get the LOI. The more important phase of a practice transition, is the help you get from the seller. Each practice transition is unique, but in all cases, we only choose to work with sellers that will follow our thorough plan for transition.

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If you aren’t ready to sell yet, how can Radman, White help you plan?

Endodontists are a small pool, and a practice can take a while to sell. So even if you're just thinking about selling your practice in the near future, or even a few years out, we'd love to connect now. That allows us to ensure that your practice is in the best position for being sold.

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How are endodontic practices valued?

We price every practice so that when a purchaser steps in, they should be able to take home at least 40% of collections after all debt and expenses are paid. To arrive at that number accurately, we use appraisal software developed in-house by our CPA, built specifically around what is important in an endodontic practice, not a generic dental valuation model. That precision and expertise is what allows us to structure a price that works for both the seller and the incoming buyer from day one.

gold_questionmark.png
How are endodontic practices valued?

We price every practice so that when a purchaser steps in, they should be able to take home at least 40% of collections after all debt and expenses are paid. To arrive at that number accurately, we use appraisal software developed in-house by our CPA, built specifically around what is important in an endodontic practice, not a generic dental valuation model. That precision and expertise is what allows us to structure a price that works for both the seller and the incoming buyer from day one.

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WHAT OUR CLIENTS SAY

I was very pleased with how everything was handled. I was very impressed with your knowledge and expertise, not only in the transition process, but in endodontic practice as well. You made the entire process pleasant.

Dr. Lee Fox

Texas, (Seller)

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