Does anyone have experience acquiring dental practices?
I'm reviewing a deal dental practice with about $1.3 million revenue and $900k before dentist/owner compensation. The owner is retiring and does not want to remain longer than 6 months. I figure I can hire a dentist to service patients at around $200k a year plus give him/her a profits interest as an incentive so that the net business cash-flow would be about $700k before additional profit incentives. Any pitfalls that I should be aware of? Does anyone here have experiences with similar acquisitions who would be willing to connect? Thanks in advance!