EP22 Buying Dental Practices – Interview with Andy Acton

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In today’s episode, Mike is joined by Andy Acton – owner and director of the FTA group of companies which offers a full range of business services to the dental sector. This includes Frank Taylor & Associates, acquired by Andy in 2000, which is still the leading valuer and sales agent of dental practices in the UK.

Andy is a sought after public speaker covering topics including leadership, management, marketing, and the future value of dental practices. He also co-hosts the Dentology podcast with his business partner, Chris Strevens.

Andy explains how he got into dentistry and why he finds the industry so fascinating. He then outlines in detail the process of buying a dental practice. Andy discusses the advantages and disadvantages of buying an established practice vs a new squat practice.

We then dig into some of the 35+ factors that impact a practice’s value, including Andy explaining what goodwill actually is. He touches on the points associates should consider before buying a practice.

Finally, Andy shares his number one piece of advice for any associate thinking about buying a dental practice.

If you are thinking about buying a dental practice, then you need to reach out to Andy and the FTA team.

Visit the Growing A Dental Practice podcast page for more details and links to streaming platforms > patientboost.dental/podcast

This episode is brought to you by PatientBoost – The Business & Marketing Growth Consultancy for Dental Practices.

“We get it. Dealing with low value patients day in, day out is exhausting. That’s why we promise to help you earn an extra 10k per month in cosmetic treatments within 90 days.”

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Have a story to share?

If you’d like to share your knowledge and experience of growing a dental practice, the we’d love to get you on the podcast as a guest!

We’re especially interested in speaking with established practice owners, dental marketers, business consultants, and associate dentists who want to own their own practice one day.

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