Chapter
Selling a Dental Practice and Finding a New Hobby with Christopher Lochhead
1:02:01 - 1:08:24 (06:22)
Christopher Lochhead shares the experience of helping his friend sell his dental practice and exploring new hobbies, including visiting a company that manufactures railroad cars in middle America.
Clips
The process of selling a dental practice and how a company gets acquired were explored in this podcast episode.
1:02:01 - 1:05:38 (03:37)
Summary
The process of selling a dental practice and how a company gets acquired were explored in this podcast episode. Making a public offer, like the guy at CSE Generation is doing, is a way to go about it.
ChapterSelling a Dental Practice and Finding a New Hobby with Christopher Lochhead
EpisodeRapid Fire Business Ideas, How to Buy a Public Company, and Mastering Your LinkedIn Profile
PodcastMy First Million
A private equity firm is doing a roll-up of dental practices run by dentists who are not optimizing their businesses for revenue or profit, but rather for their quality of life.
1:05:38 - 1:06:52 (01:13)
Summary
A private equity firm is doing a roll-up of dental practices run by dentists who are not optimizing their businesses for revenue or profit, but rather for their quality of life.
ChapterSelling a Dental Practice and Finding a New Hobby with Christopher Lochhead
EpisodeRapid Fire Business Ideas, How to Buy a Public Company, and Mastering Your LinkedIn Profile
PodcastMy First Million
A small business that is doing around $1-2m can be sold for seven times, while a business that is making around $20m can be purchased for 15 times.
1:06:52 - 1:08:24 (01:31)
Summary
A small business that is doing around $1-2m can be sold for seven times, while a business that is making around $20m can be purchased for 15 times. Acquiring bigger EBITDA is an easier buy button for private equity firms.