Should you sell? When should you sell? Who should you sell to? These are all big questions for any dental practice owner. But in this episode, we get to the heart of what really matters for practice owners thinking about selling.

Joining Elijah Desmond is Dr. Eric J Roman, Co-Founder of multiple businesses, including 1LifeSystem, SmartDiligence.ai, and joyFULL People. He’s skyrocketed growth at several dental groups in his career and now helps dentists and their teams get the most out of their careers and lives. As an entrepreneur, coach, and business mentor, he brings bags of experience and no-nonsense tips for those thinking of selling.

From figuring out when or whether to sell to ensuring a smooth transition to enhancing team culture and using leadership to enhance valuation, this episode is a masterclass for dental practice owners.

In This Episode:

• Eric shares his incredibly varied and successful background
• 3 tips when considering selling
• How to balance selling your practice with achieving personal fulfillment
• Top strategies for a smooth transition
• How leadership affects valuation
• The role of team culture in your preparation to sell
• Why you should be honest about your vision for the future

Resources

• Follow Dental Pitch Brokerage on LinkedIn: https://www.linkedin.com/company/dentalpitch/
• Visit our website: https://dentalpitchbrokerage.com/
• Download The Dental EBITDA Handbook: https://link.dentalpitchbrokerage.com/widget/form/x45Iy9iZhayIriHmfNfb
• Connect with Eric on LinkedIn: https://www.linkedin.com/in/drericjroman/
• Visit Eric’s website: https://drericjroman.com/

A good wealth management plan can help you before, during, and after a dental practice sale. But where do you even start? Do you just hire a regular wealth advisor and take it from there?

The thing about wealth that’s tied up in a dental practice is that your typical wealth advisor may not be equipped to handle the finer details. What you need is a specialist or someone who knows the dental industry.

In this episode, we speak with Tim McNeely, Wealth Advisor and VP at Farther and CEO/Founder of The Dental Exit Institute. He also hosts The Dental Wealth Nation Show and is the author of ‘Dental Wealth Nation: 7 Steps to Decrees Taxes, Increase Impact, and Leave Your Lasting Legacy.’

Tim has plenty of advice for practice owners thinking of selling, whether soon or far in the future. In Tim’s words, it’s never too early to start planning an exit. We hear why the sale of your practice is not an end point for your wealth journey and how the four pillars of advanced wealth planning can set you up for life.

BONUS: To learn more from Tim, don’t miss his generous offer at the end of this episode where he explains how to get a free copy of his book!

In This Episode:

• Tim explains his background in wealth management in the dental space
• Why dentists should start planning their exit on day one
• What do the dentists who walk away with the best deals do differently?
• Ways to reduce tax liability
• What to do if you’re not ready to sell just yet
• The four elements of advanced planning
• The experts you need on your team
• What dentists should consider to effectively manage wealth
• How a virtual family office can help
• Tim’s latest certification and how he helps dentist
• Bonus: how to grab a free copy of Tim’s book

Resources:

• Follow Dental Pitch Brokerage on LinkedIn: https://www.linkedin.com/company/dentalpitch/
• Visit our website: https://dentalpitchbrokerage.com/
• Connect with Tim on LinkedIn: https://www.linkedin.com/in/timmcneely/

What do buyers really look for when weighing up whether to buy your dental practice? Spoiler: it’s not just your revenue. Valuation goes far beyond numbers on a spreadsheet.

Industry veteran Mitch Olan, founder and former CEO of Dental Care Alliance (DCA), one of the largest DSOs in the country, joins this episode to share wisdom and advice collected over his 42 years in the dental industry.

You’ll hear why the value of a practice goes beyond numbers as Mitch weighs in on what buyers are really looking for, namely capacity, payer mix, and procedures mix, to find real opportunities for future growth.

Selling your practice can be a huge adjustment for dentists, but Mitch’s key advice in this episode is to embrace change and evolution rather than fight it. As Mitch puts it, "it's not a revolution, it's an evolution.” He also describes selling like a “marriage,” and why finding a buyer who’s truly aligned and committed is fundamental to your practice’s long-term success and growth.

In This Episode:

• Mitch takes us through the highlights of his career
• How sellers can present the growth potential of their practice to attract buyers
• What buyers are looking for beyond revenue practice to showcase value
• The most common traits of practices that thrive after acquisition
• Why sellers need to be open to change
• Common mistakes that dentists make when selling
• Timing your practice sale
• The importance of long-term planning (even when selling)
• Tips for organically increasing your valuation
• How to get in touch with Mitch

Resources:

• Follow Dental Pitch Brokerage on LinkedIn: https://www.linkedin.com/company/dentalpitch/
• Visit our website: https://dentalpitchbrokerage.com/

What if you discovered you'd left millions on the table when selling your practice? It happens more often than you think! In this episode, we look at the number one report you need to maximize your practice's worth: the Quality of Earnings report.

But what is it and how does it really affect your valuation?

Mike White, CPA and Advisor for CLA (CliftonLarsonAllen), is the go-to guy when it comes down to the nitty-gritty numbers involved in a practice sale. He joins the Closing the Deal podcast for a full breakdown on Quality of Earnings and getting your accounts in order for a super smooth sale.

We talk about what a Quality of Earnings report looks like, how dentists can prepare, and the biggest mistakes to avoid that could shave off dollars from your valuation figure. He shares real examples and figures that you need to know about, plus recommended resources to help you prepare for your sale and walk away with the best deal possible.

In This Episode:

• Why Mike’s experience makes him the go-to for accounting advice in dental practice sales
• What is a Quality of Earnings report?
• What goes into a QoE?
• Example figures from real practice sales
• How dentists can prepare for a QoE
• Advice for dentists who don’t have their accounting squeaky clean yet
• Most common mistakes to avoid before a sale
• What you need to do today to get your house in order
• How a QoE makes the negotiation process smoother
• Why Mike loves the Dental Pitch Brokerage community and conferences
• What you need to know about EBITDA add-backs

Resources:

• Follow Dental Pitch Brokerage on LinkedIn: https://www.linkedin.com/company/dentalpitch/
• Visit our website: https://dentalpitchbrokerage.com/
• Connect with Mike on LinkedIn: https://www.linkedin.com/in/michael-w-b80571113/

What really goes into a practice sale when working with a specialist brokerage firm? Get a behind-the-scenes look in this episode with Managing Director Jason Brown of Dental Pitch Brokerage and Oak Dental Partners, a DSO he’s grown to over 70 dental offices and counting!

Jason breaks down the full process of working with a broker and what the relationship with a top brokerage firm will mean for your practice sale. We look at what you should ask yourself before selling and how to know if you’re ready to hand over the reins, plus how to get your affairs in order before you start meeting buyers. Selling your practice and staying on is a delicate balance to get right, so we talk about how to find a buyer that’s the best possible fit for your firm’s culture and needs so that everybody wins.

In This Episode:

• An introduction to Jason
• Step one for those thinking of selling their practice
• A broker’s role after you decide to sell
• The process of meeting with buyers and finding the right one
• What you need to have before selling
• How we help dentists understand the value of their practice
• Advice for those hesitant of selling
• The best part about working with dentists

Resources

• Follow Dental Pitch Brokerage on LinkedIn: https://www.linkedin.com/company/dentalpitch/
• Visit our website: https://dentalpitchbrokerage.com/
• Connect with Jason LinkedIn: https://www.linkedin.com/in/jdejeanbrown/

What’s life really like after selling your practice? If this is new territory for you, you’re bound to be a little nervous. Walking away from the responsibility of running a practice can be both liberating and scary. But in this episode, you’ll hear from a former dental practice owner who took the plunge and sold successfully, with a little help from Dental Pitch Brokerage.

Dr. Terry Soule had already once tried to sell with no such luck, largely due to communication issues. But with our help, he negotiated a great deal with a DSO to take over and now practices without the stress of running the whole show.

Terry’s really transparent in this episode about why he decided to sell, how he knew he was ready, and what the experience has been like so far. He explains what he would do differently if he could go back in time and shares advice for others in the same boat. For a real picture of life after the sale, tune in today.

In This Episode:

• Terry shares about his educational and career background
• Why Terry first decided to buy a dental practice
• Why Terry then went on to sell that practice
• What would he do differently if he could start over?
• How a specialist brokerage firm is essential for a successful dental practice sale
• Terry shares his experience of working with Dental Pitch Brokerage
• The transition from owner to employee and how Terry has adjusted
• Why Terry decided to keep the building when he sold
• What it’s like to join a pitch event
• How to know when to sell

Resources:

• Follow Dental Pitch Brokerage on LinkedIn: https://www.linkedin.com/company/dentalpitch/
• Visit our website: https://dentalpitchbrokerage.com/
• Download The Dental EBITDA Handbook: https://link.dentalpitchbrokerage.com/widget/form/x45Iy9iZhayIriHmfNfb

What do dental practice buyers really want to see when weighing up whether to make an offer? To get the best possible deal for your practice, this is must-know stuff! Luckily, we have Brian Colao, Director of Dykema's DSO Industry Group, on the podcast to shed some light on the buyer and DSO side.

The Dykema DSO Conference is in its 12th year of knocking it out of the park when it comes to dental conferences, and Brian’s talks are always a hit. But this time, he brings all his DSO and legal wisdom accumulated through 30 years in the business, to this episode.

Hear Brian talk about what buyers are really looking for, why the highest offer isn’t always the best one, and his top pieces of advice for maximizing the value of your practice. We also cover why dental specialist legal advisors and brokers are essential when closing a deal.

In This Episode:

• Brian shares some background on his career and the Dykema Conference
• Brian’s market predictions for those looking to sell in 2025
• What he would look for as a buyer
• Why dental investments are big right now
• How dental practice owners can maximize their value
• The industry standards for sellers staying on at the practice
• Why the practice offer price isn’t the only thing to think about (and what you should look for in a buyer)
• Why specialist legal representation and brokerage firms are a must when selling
• The benefits of selling to a DSO vs. private equity firms

Resources:

• Follow Dental Pitch Brokerage on LinkedIn: https://www.linkedin.com/company/dentalpitch/
• Visit our website: https://dentalpitchbrokerage.com/
• Download The Dental EBITDA Handbook: https://link.dentalpitchbrokerage.com/widget/form/x45Iy9iZhayIriHmfNfb

Want to know what your dental practice is truly worth? Well, you need to know your EBITDA aka your Earnings Before Interest, Taxes, Depreciation, and Amortization. Turnover is one thing, but unless you know your EBITDA, you could be leaving money on the table when you come to sell your practice.

Join us for this masterclass with Matt Ornstein and host Elijah Desmond of Dental Pitch Brokerage, as we break down exactly what EBITDA is and how to unlock maximum value from your practice when you sell it.

Matt explains what inspired him to write his book, The Dental EBITDA Handbook, which you can grab for free on our website! We also break down what you need to know, how to work out your adjusted EBITDA, the two ways you can increase it, and your next steps to take when you have an interested buyer.

In This Episode:

• What inspired Matt to write his book
• What is EBITDA?
• Why you need to know your practice EBITDA
• How to work out your adjusted EBITDA
• The best ways to increase your EBITDA
• Why a specialist CPA is your best bet
• The first two steps to take when you have an interested buyer

Resources

• Connect with Elijah on LinkedIn
• Connect with Matt on LinkedIn
• Follow Dental Pitch Brokerage on LinkedIn
• Visit our website
• Download The Dental EBITDA Handbook