The Practice Purchased Podcast

S9E5: Why He Turned Down a $75,000 Dental Practice | Dr. Josh Matthews

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Show Notes


His employer offered to sell him a dental practice for $75,000. He could write a check and own it outright. So why did Dr. Josh Matthews turn it down?

Josh was already moving toward buying another practice when his DSO’s CEO made the offer. The price made him reconsider everything. But he knew the office’s problems firsthand, and his wife asked a question he couldn’t answer: What would he do differently to make it work?

In this episode of *Practice Purchased*, Brian Hanks and Josh walk through the decision, how Josh found the practice he ultimately bought, and what ownership has actually been like.

One thing worth noticing: the practice Josh bought was listed with a broker and didn’t sell that way. He heard about it from a supply rep who’d called on that office for years. That’s how most good practices actually move.

If you’re searching for a practice right now, Brian is doing a free live session on Friday, October 2 at noon Mountain time / 2pm Eastern: How to Find a Dental Practice for Sale, including the ones that never get listed. Register here: https://info.dentalbuyeradvocates.com/free-webinar-how-to-find-a-practice.html

**In this episode:**

– How a local banker and a dental supplier helped Josh connect with a seller

– Why the $75,000 offer was so tempting—and what the price didn’t tell him

– How his wife’s perspective and a review of the financials helped him decide

– What changed after the seller became his associate

– Why Josh has no regrets, even with the extra work and unexpected challenges

– The first-day alarm mistake that brought police to the practice

**Thinking about owning someday?

** Get Brian’s free Ready Kit for the steps leading up to buying a practice: (https://www.dentalbuyeradvocates.com/ready)

**More resources**

– [Read *How to Buy a Dental Practice*](https://www.dentalbuyeradvocates.com/how-to-buy-a-dental-practice-book/)

– [Book an introductory call with the Dental Buyer Advocates team](https://www.dentalbuyeradvocates.com/schedule-a-call/)

**About the guest**

Dr. Josh Matthews Josh Matthews is a passionate general dentist and the owner of Matthews Dental Group in Brookfield, WI. A Creighton graduate and former Army dentist, he worked in private practice and a DSO before becoming an owner.

https://dentistbrookfield.com/about-us/

Practice Purchased is hosted by Brian Hanks, MBA, CFP, founder of Dental Buyer Advocates and author of How to Buy a Dental Practice.


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