Working Capital Strategies When Buying a Practice

When a dentist purchases a dental practice, one of their initial concerns after closing is the short-term & immediate cash flow needs. Generally, most dental practice transaction lenders who dwell in this arena of financing dental practice acquisitions will provide working capital to the buyer in addition to financing 100% of the purchase price. They…Read More→

2020 – The Year of the Tax Credits for Many Dental Practices

2020 was the year of many gifts from our friendly governments, from free money to very generous tax credits. Granted, many dental practices needed those benefits to maintain steady during the horrible year of COVID, and hopefully, many took advantage of the benefits in which they were entitled. We hope you have already been informed…Read More→

New Developments in Coronavirus Legislation

Whether business owners are in the process of applying for the forgiveness of their first PPP loan, applying for a Round 2 PPP loan, or deciding whether to keep their EIDL loan that matures in 30 years, recent legislation has created opportunities for businesses to achieve maximum PPP forgiveness and receive refunds (cash flow) on…Read More→

Buyers – Do not Expect Broker/Seller Cooperation if You do This

As a dental practice buyer, you should have the ability to perform proper due diligence on the practice you want to buy. Most brokers/sellers will be very accommodating with the release of information with a properly executed non-disclosure agreement and other minimally invasive assurances to ensure you, the buyer, is not a tire-kicker. With that…Read More→

When should we freeze the practice price

Sometimes you, the associate, are offered an opportunity to buy into the practice in which you have been associating. You may be offered a fifty percent interest in a two-doctor partnership or a thirty-three percent interest in a three-way doctor partnership, etc. We all know that the price the associate is paying today will likely…Read More→

What if Your GP Seller Sublets Space to a Smaller practice?

  When you are looking to buy a practice, sometimes you may find a seller who sublets their space to another dentist. Maybe that sublet tenant is a general practitioner (GP) or a specialist; does it really matter? Do you care if that sublet practice stays or goes? Well, if they are a GP, I…Read More→

Buying a Practice When Seller Has More Than One Location

  As multiple location owners have risen over the past five to ten years, it was a matter of time before we would start seeing more transactions where the buyers are looking to purchase one of the locations, NOT all of them. While this may not seem like a big deal or add any complexities,…Read More→

Seller Wants to Delay Closing due to PPP2-What Does a Buyer Do?

  It’s fall 2020, and you have found a practice that checks just about every one of your wish list boxes. You have engaged professionals to assist you with the due diligence, nailed down your lender for the loan, negotiated a new favorable lease with the landlord, and have the closing date nailed down as…Read More→

Join Us In Welcoming Lance Jacob As Our New Partner!

We (the partners) are proud to announce that Lance Jacob has joined the ownership group of Naden Lean, LLC.   Lance has been with our firm for over thirty years and has been a principal for ten years. “Personally, Lance and I have worked together on many clients for most of his tenure here. I…Read More→

Tips For Easier Transitioning From Your Dental Practice

    More dentists have chosen to retire or sell their practices with the aftereffects of CoVid 19 and changes in practice protocols. There are usually no likely specific rules that apply to every seller, but you may want to consider thinking out of the box to have a successful dental transition. Being receptive to…Read More→