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SpinDistribute.com Article Directory

The following article was published in our article directory on August 1, 2020.
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Buying a Dental Practice Sight Unseen

Article Category: Advice

Author Name: Karen Ramos

If you're a dentist who has been in this field of medicine for a few years, you may be interested in buying a dental practice of your own. The current coronavirus pandemic makes it unsafe to travel. However, you can move forward with your dream by buying a dental practice sight unseen.

Owning your own practice allows you to make independent decisions about the treatments that you offer. You'll also direct revenue growth, and acquire new technology as you choose.

Why Purchase a Dental Practice Unseen?
Dentists may consider purchasing a practice sight unseen, because it's not safe to travel to view it drectly at this time. Benefits of doing so include:

No stress of managing in-person negotiations with owners.

Move forward with an opportunity without delays.

Easily assess whether the practice satisfies financial criteria.

Objectively assess growth potential based on historical data.

Save on traveltravel costs to different locations.

Avoid risk of infection with COVID-19.

Cons of buying a practice sight unseen include:

Unable to meet or observe patients directly.

Unable to inspect property for damage.

Unable to use smell and other senses to detect potential issues.

Use Digital Tools and Specialized Sites
Dentists can use digital tools to find the right practice for their needs during the coronavirus pandemic. A website that lists practices which are available allows you to easily look for dental practices that are for sale. You can even search by location.

Digital tools help you to save time by providing all of the information that you need in one place. They can be accessed via your mobile device, making it easy to evaluate businesses while you're on the go.

Use Virtual Video Tours
A virtual video tour allows you to learn details about the practice. You can use these tours to view the layout of the office, reception area, and examination rooms during the coronavirus pandemic.

The strengths of the building, and any flaws within it, can be evaluated by using a virtual tour. Real video that provides information on vehicular and pedestrian traffic around the location, can also assist with your decision.

Location
Dental practices aren't easy to move. If you're located in a small town, it's unlikely that patients will follow you to a busier area. Once you buy a location, you may have to stuck with it for 10 years or more.

Assess the location carefully before you buy. What age is the population? If you like building dental devices for kids, you'll need a practice in an area with lots of parents who are planning to, or already have children.

You'll be investing in each patient during the coronavirus pandemic. If you prefer a quiet setting, buying offices in a noisy mall may not suit you. Ensure that the location is one that makes you comfortable.

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