Determine Which is Right For You

Owning a dental practice is a major career milestone for many dentists, but one critical decision often shapes the future of that ownership—whether to buy an existing practice or start one from scratch. Both options offer opportunities for financial growth and independence, but they come with unique challenges. At Pro-Fi 20/20 in Suwanee, GA, our team of dental CPAs and consultants helps dentists navigate this decision through strategic financial planning, bookkeeping expertise, and comprehensive consulting services tailored to the dental industry.

Buying an Established Dental Practice

Purchasing an existing dental practice can provide an immediate path to ownership with several advantages:

1. Immediate Patient Base and Revenue

An existing practice already has an active patient list and a history of recurring revenue. This creates immediate cash flow and reduces the uncertainty of starting from zero.

2. Established Systems and Staff

When you buy a practice, you inherit its systems, processes, and trained staff, making the transition smoother. With proper HR and operational guidance, you can quickly integrate and begin making improvements.

3. Proven Location and Brand Recognition

An established practice often benefits from years of community presence and reputation, reducing the need for aggressive early marketing efforts.

4. Easier Financing Opportunities

Lenders are generally more willing to provide bank loans for dentists in GA purchasing an existing practice because it has a proven revenue history and lower risk than a startup.

Challenges of Buying a Practice

Despite its advantages, buying a practice may present challenges:

• Outdated technology or equipment requiring upgrades
• Existing contracts and office culture that may not align with your vision
• Potential need for rebranding or remodeling

Our CPA consulting services in GA help evaluate the financial health of practices for sale, ensuring you understand the investment and any hidden costs.

Starting a New Dental Practice

Building a practice from the ground up is appealing for dentists with a specific vision and entrepreneurial mindset.

1. Full Control of Your Practice Design

From office layout to technology and staff culture, you control every aspect of your new practice, allowing you to create a modern, efficient dental clinic.

2. Customized Patient Experience

You have the freedom to design services, pricing models, and the patient journey based on your philosophy of care.

3. Latest Technology and Equipment

Starting fresh allows you to invest in the newest dental technology and management systems from day one.

Challenges of Starting from Scratch

Launching a new practice comes with significant considerations:

• High upfront costs for building, furnishing, and marketing
• Longer time to profitability as you establish a patient base
• Greater responsibility in managing every detail of startup operations

Access to favorable bank loans for dental businesses in GA can help fund these expenses, but expert financial guidance is critical to avoid overextending resources.

Key Financial Considerations for Both Paths

Whether you choose to buy or start a dental practice, you’ll need to address important financial factors:

• Bookkeeping for dentists: Accurate records are essential for budgeting, payroll, and tax planning.
• Dental business valuations in GA: Understanding the true value of a practice helps in negotiations or planning for future transitions.
• Strategic tax planning: A dental CPA ensures you structure your practice to minimize taxes and maximize profitability.
• Dental DSOs and support organizations: Partnering with or selling to dental support organizations in GA can offer management support and growth opportunities.

Making the Right Decision with Expert Guidance

Deciding between buying and starting a dental practice requires careful evaluation of your goals, finances, and risk tolerance. Many dentists benefit from the expertise of dental CPAs and consultants who understand the complexities of practice ownership.

At Pro-Fi 20/20, we provide specialized consulting services, from detailed dental business valuations to securing bank loans for dentists in GA. Our team guides you through every step, ensuring your decision is financially sound and aligned with your long-term vision.

Achieve Ownership Success with Pro-Fi 20/20

Owning a dental practice—whether purchased or built from scratch—can be highly rewarding with the right strategy and support. Pro-Fi 20/20 in Suwanee, GA offers the financial expertise and dental-specific knowledge you need to make confident decisions and succeed as a practice owner.

Contact our team today to discuss your goals and learn how we can help you navigate the journey to profitable, sustainable dental practice ownership.