The Dentalpreneur Podcast w/ Dr. Mark Costes 2229: How to Build and Sell a Dental Practice the Right Way
Apr 21, 2025
Matthew Odgers, a dental attorney and founder of Odgers Law Group, shares vital insights on navigating the legal landscape of dental practices. He discusses the importance of due diligence when buying or selling, highlighting how solid contracts can save dentists from costly mistakes. The conversation explores lease agreement challenges, the pros and cons of selling to private buyers versus DSOs, and the need for well-defined partnerships for long-term success. Odgers emphasizes that legal guidance is crucial for achieving financial and operational stability in the dental field.
AI Snips
Chapters
Transcript
Episode notes
Don't Get Emotionally Attached
- Avoid emotional attachment when buying a practice before completing due diligence.
- Always review financials first to prevent costly purchase mistakes.
Manage Lease Early for Sale
- Review and negotiate lease terms early, focusing on assignment and renewal options for selling.
- Maintain a good landlord relationship to ease practice sale and lease transfer.
Plan Lease for Flexibility
- Negotiate lease assignment rights and rights of first refusal before signing.
- Explore options to replace tenant or negotiate buyout if stuck mid-lease needing move.