Inspired Or Acquired David Ensley - Building vs Buying Orthodontic Practices
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Feb 14, 2025 David Ensley, an accomplished orthodontist from Austin, Texas, built Celebrate Dental & Braces into a thriving business generating $1.5M in revenue within three years. He shares insights on the pros and cons of building versus buying orthodontic practices. Discussion includes intriguing valuation ranges from 3x to 15x, the dynamics of partnering in a larger DSO, and the importance of accurate financial reporting. Ensley also sheds light on growth strategies and achieving work-life balance in the demanding field of orthodontics.
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Army Orthodontist Experience
- David Ensley's background includes being an Army orthodontist, treating complex surgical cases.
- This experience gave him confidence and allowed him to open his Austin practice debt-free.
100% Financing for Dental Practices
- Banks readily offer 100% financing for dental practices, simplifying startups.
- Consider this when planning your practice launch, as it reduces initial investment.
Orthodontic Payment Plans
- Orthodontic practices have unique financial dynamics due to monthly payment plans.
- It takes approximately two years to build a substantial recurring revenue stream.