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The Practice Purchased Podcast
Brian Hanks
108 episodes
4 months ago
Learn step-by-step the process to find, analyze, negotiate and purchase the very best dental practice for you. Each episode is 20 minutes or less to respect your time. No outside ads. No filler. Just tangible, specific and real tips from Brian Hanks, a veteran and recognized expert in the world of dental practice transitions. Learn more and find episodes at www.brianhanks.com.
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Entrepreneurship
Business,
Management
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All content for The Practice Purchased Podcast is the property of Brian Hanks and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Learn step-by-step the process to find, analyze, negotiate and purchase the very best dental practice for you. Each episode is 20 minutes or less to respect your time. No outside ads. No filler. Just tangible, specific and real tips from Brian Hanks, a veteran and recognized expert in the world of dental practice transitions. Learn more and find episodes at www.brianhanks.com.
Show more...
Entrepreneurship
Business,
Management
Episodes (20/108)
The Practice Purchased Podcast
s8e24 - Dr. C, part 3
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. C, a younger dentist in the Las Vegas who was looking to purchase the practice where he was working. In part 1 of this 3-part story, we follow Dr. C as he gets into the legal side of the purchase. How important is the attorney? (Spoiler: vital.) How do you find a good one? How much should you expect to pay them? And the group wraps up by talking about the inspiring "why" behind Dr. C's purchase. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own.   Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
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4 months ago
17 minutes

The Practice Purchased Podcast
s8e23 - Dr. C, part 2
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. C, a younger dentist in the Las Vegas who was looking to purchase the practice where he was working. In part 2 of this 3-part story, we follow Dr. C as he digs into the post-LOI phase of his purchase. Three things happen simultaneously, creating a very busy time for buyers: securing financing, due diligence, and navigating the legal side. Brian Tomono talks us through this process and how he helped Dr. C through it all. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own.   Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
Show more...
4 months ago
21 minutes

The Practice Purchased Podcast
s8e22 - Real Buyer’s Story: Dr. C, part 1
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. C, a younger dentist in the Las Vegas who was looking to purchase the practice where he was working. In part 1 of this 3-part story, we follow Dr. C as he begins talks with the selling doctor, and the DBA team gets to know the situation. This sounds like a pretty straightforward transition, but the devil is always in the details. And that gets to what makes your transition team so important: Is your team giving you answers? More importantly, are they teaching how to ask the right questions? In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own.   Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
Show more...
4 months ago
18 minutes

The Practice Purchased Podcast
s8e21 - Dr. M, part 3
In this episode, Brian is joined by Dr. Dana Fort and Brian Tomono to talk through the story of Dr. M, who was looking at practices in a relatively rural area of Maryland. This story is a bit of a wild ride, so buckle up!   In part 3 of this 3-part story, we follow Dr. M as he moves into the final stages of closing on his new practice. Among the interesting points to follow is what made Maryland an especially interesting state to purchase in. What did that mean for Dr. M, and what can other buyers in other states learn from that experience?   In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own.   Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
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4 months ago
11 minutes

The Practice Purchased Podcast
s8e20 - Dr. M, part 2
In this episode, Brian is joined by Dr. Dana Fort and Brian Tomono to talk through the story of Dr. M, who was looking at practices in a relatively rural area of Maryland. This story is a bit of a wild ride, so buckle up!   In part 2 of this 3-part story, we follow Dr. M as he moves past the LOI phase and works toward closing. Is the practice as good as it looks based on the collections? What are the different phases of due diligence that need to be completed? And what did lending look like for such a large transition?   In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own.   Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
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4 months ago
21 minutes

The Practice Purchased Podcast
s8e19 - Real Buyer’s Story: Dr. M, part 1
In this episode, Brian is joined by Dr. Dana Fort and Brian Tomono to talk through the story of Dr. M, who was looking at practices in a relatively rural area of Maryland. This story is a bit of a wild ride, so buckle up!   In part 1 of this 3-part story, we follow Dr. M as he deals with a dual-representation broker and the difficulties that go along with that. Ultimately, Dr. M ends up scrapping that first deal and finding a much better practice.    In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own.   Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
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4 months ago
15 minutes

The Practice Purchased Podcast
s8e18 - Dr. F, part 3
In this episode, Brian is joined by Dr. Dana Fort and Brian Tomono to talk through the story of Dr. F, who was looking at a practice in an exurb of Chicago. Dr. F's story is a great example of what happens when there's a major wrinkle in the course of a deal. In part 3 of this 3-part story, we follow Dr. F as he works toward closing. With Brian Tomono's help, he went through the 100+ point checklist to be sure he was ready to step in as an owner. From patient charts to software reporting, hygiene and doctor books, an equipment audit, and dozens of other details that needed to be navigated before he eventually signed on that dotted line. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own.
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5 months ago
9 minutes

The Practice Purchased Podcast
s8e17 - Dr. F, part 2
In this episode, Brian is joined by Dr. Dana Fort and Brian Tomono to talk through the story of Dr. F, who was looking at a practice in an exurb of Chicago. Dr. F's story is a great example of what happens when there's a major wrinkle in the course of a deal. In part 2 of this 3-part story, we follow Dr. F as he navigates the lending process for a practice where he'll need to replace the production of two selling doctors. Can his dentist wife fill in the production gaps? Can she be added as a guarantor of the loan? Brian Tomono walks us through the various options and how Dr. F and the bank worked together to try to make it work. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
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5 months ago
16 minutes

The Practice Purchased Podcast
s8e16 - Real Buyer’s Story: Dr. F, part 1
In this episode, Brian is joined by Dr. Dana Fort and Brian Tomono to talk through the story of Dr. F, who was looking at a practice in an exurb of Chicago. Dr. F's story is a great example of what happens when there's a major wrinkle in the course of a deal. In part 1 of this 3-part story, we follow Dr. F as he gets an offer from his boss to purchase outright the practice where he was working. Usually, if the numbers make sense, this is a great idea! But in this case the numbers did not work out, and there were some significant shenanigans from the seller. So Dr. F needed to walk away and find another practice to buy. So what came next? In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
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5 months ago
21 minutes

The Practice Purchased Podcast
s8e15 - Dr. G, part 3
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. G, who moved from one state to another during his transition. It's a great example of how a cross-country relocation affects a doctor's purchase process In part 2 of this 3-part story, we follow Dr. G as he wraps up the purchase process and gets to closing. After the bank loan is secured, what else is there? Brian Tomono, Dr. Amin, and Dr. G work together to complete due diligence, create a business entity, and much more. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
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5 months ago
15 minutes

The Practice Purchased Podcast
s8e14 - Dr. G, part 2
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. G, who moved from one state to another during his transition. It's a great example of how a cross-country relocation affects a doctor's purchase process In part 2 of this 3-part story, we follow Dr. G as he works with Brian Tomono on securing financing for his practice purchase. It's a trickier-than-normal situation when a military applies for lending when still on active duty. But it's not impossible! So how did Dr. G navigate this issue? And what can you learn from it, even if you're not a military dentist? In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
Show more...
5 months ago
20 minutes

The Practice Purchased Podcast
s8e13 - Real Buyer’s Story: Dr. G, part 1
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. G, who moved from one state to another during his transition. It's a great example of how a cross-country relocation affects a doctor's purchase process In part 1 of this 3-part story, we follow Dr. G as he wraps up his military service and sets his sights on a move from Texas to Boise, Idaho. What was he looking for, and how easy was it to find that? Once he found something worth looking into, how did he and Sapna assess the value of the practice? And how did Dr. G's situation affect the beginning of the lending process? In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
Show more...
5 months ago
16 minutes

The Practice Purchased Podcast
s8e5 - Dr. D, part 2
In this episode, Brian is joined by Dr. Dana Fort and Brian Tomono to talk through the story of Dr. D in North Carolina. Dr. D’s story is an interesting one because it had lots of twists and turns, including an inexperienced broker, some tricky lending, and an interesting credentialing journey. In part 2 of this 3-part story, we follow how Dr. D secured bank financing, including comparison shopping and negotiation. At the same time, he needed to hire an attorney, complete due diligence, and prepare for day one of ownership. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. See a sample valuation report on this page Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist
Show more...
5 months ago
16 minutes

The Practice Purchased Podcast
s8e12 - Dr. E, part 3
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. E in Missouri. Dr. E’s story is a relatively straightforward one, but with a few of the twists and turns and hiccups that many buyers experience. In part 2 of this 3-part story, we follow Dr. E as he works through the closing checklist to prepare for ownership. The issue of insurance, especially, was a thorny one here and almost killed the deal. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Links: Get the book for 50% off Schedule a free consultation with the DBA team Download our free Due Diligence Checklist See a sample valuation report
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5 months ago
16 minutes

The Practice Purchased Podcast
s8e11 - Dr. E, part 2
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. E in Missouri. Dr. E’s story is a relatively straightforward one, but with a few of the twists and turns and hiccups that many buyers experience. In part 2 of this 3-part story, we follow Dr. E as he works his way toward closing. There was some special attention paid to the closing date, in part because of his notice requirement with his employer. Then there's the issue of the loan, which needed some special attention from Brian Tomono. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Links: Get the book for 50% off Schedule a free consultation with the DBA team Download our free Due Diligence Checklist See a sample valuation report
Show more...
5 months ago
19 minutes

The Practice Purchased Podcast
s8e10 - Real Buyer’s Story: Dr. E, part 1
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. E in Missouri. Dr. E’s story is a relatively straightforward one, but with a few of the twists and turns and hiccups that many buyers experience. In part 1 of this 3-part story, we follow Dr. E as he finds a practice to consider, navigates around an immediate miscommunication with a pushy broker, and submits a competitive offer. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
Show more...
5 months ago
21 minutes

The Practice Purchased Podcast
s8e9 - Dr. Z, part 3
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. Z in New Jersey. Dr. Z’s story is a good one because it includes many aspects of a deal that you may see yourself, like losing out on a bid, navigating inspections, and buying into a Medicaid practice. In part 3 of this 3-part story, we follow Dr. Z as she moves through the legal side of the purchase and completes the closing checklist, including the most frustrating parts of the deal. But don't worry, there's a happy ending! In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
Show more...
6 months ago
17 minutes

The Practice Purchased Podcast
s8e8 - Dr. Z, part 2
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. Z in New Jersey. Dr. Z’s story is a good one because it includes many aspects of a deal that you may see yourself, like losing out on a bid, navigating inspections, and buying into a Medicaid practice. In part 2 of this 3-part story, we follow Dr. Z as she and Brian Tomono navigate due diligence, in all its flavors. How did she decide on a bank loan? How did Brian help her complete due diligence remotely? And what were the professional partners she needed to get off the ground as an incoming owner? In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
Show more...
6 months ago
19 minutes

The Practice Purchased Podcast
s8e7 - Real Buyer’s Story: Dr. Z, part 1
In this episode, Brian is joined by Dr. Sapna Amin and Brian Tomono to talk through the story of Dr. Z in New Jersey. Dr. Z’s story is a good one because it includes many aspects of a deal that you may see yourself, like losing out on a bid, navigating inspections, and buying into a Medicaid practice. In part 1 of this 3-part story, we follow Dr. Z as she selects a practice to buy, negotiates the asking price, and makes her way through the first phases of due diligence. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
Show more...
6 months ago
20 minutes

The Practice Purchased Podcast
s8e6 - Dr. D, part 3
In this episode, Brian is joined by Dr. Dana Fort and Brian Tomono to talk through the story of Dr. D in North Carolina. Dr. D’s story is an interesting one because it had lots of twists and turns, including an inexperienced broker, some tricky lending, and an interesting credentialing journey. In part 3 of this 3-part story, we follow what Dr. D needed to do after financing was secured. From credentialing to personal insurance to state licensure and beyond, here is what buyers need to do to be ready for day one of ownership, and the order they need to be done in. In season 8, you’ll hear real stories about real clients of Dental Buyer Advocates. Through those stories, you’ll gain a better understanding of the logistics, the timing, and the potential speed bumps that practice buyers run into. No two deals are the same, but hearing how our team navigated these deals will help prepare you for your own. Schedule a free consultation with the DBA team Read Brian's book, How to Buy a Dental Practice Download our free Due Diligence Checklist See a sample valuation report on this page
Show more...
6 months ago
21 minutes

The Practice Purchased Podcast
Learn step-by-step the process to find, analyze, negotiate and purchase the very best dental practice for you. Each episode is 20 minutes or less to respect your time. No outside ads. No filler. Just tangible, specific and real tips from Brian Hanks, a veteran and recognized expert in the world of dental practice transitions. Learn more and find episodes at www.brianhanks.com.