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In 2024, Clear Lakes Dental clinics that had been in operation for the entire year averaged Revenue of $5,129,450 per clinic and the top owner doc did a Revenue of $8,864,788! The Bottom office? Only $1,958,239… while only open four days a week :) (I had an associate and I didn't even work in the dental office)

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Hi. Dr. David Park here. I know I just threw a whole bunch of stats and data at you up there, but I wanted to explain pretty much the goal and the achievable result for the dental ownership position.

I guess I was a little different than most – I just wanted to own my own dental practice as soon as I got out. Any mistakes or systems that I’d make would be faster that way. I also knew that the upside of ownership would be much better than the alternative, which is associate dentist. Ownership would provide me financial freedom, being my own boss, keeping any profits that the practice made and, eventually, creating systems so that I could eventually hire people and sit back and operate the business.

And so, I graduated and started my career as an owner dentist. Though there was an issue – student loans. I don’t know how much you have, but I had some crazy amount like $550,000. Not only that, but my wife had about $500,000 as well (she’s also a dentist).

But that’s not the scary part. The scary part is the interest. I was in the IBR program where you pay like the absolute minimum. And that’s when it hit me. While I was paying the minimum, my principal balance kept going up. I did this for about 3 years without truly knowing what was going on. So yeah, I was making money and invested into real estate, but decided to just pay off over a million dollars in student loans.

The point I’m trying to make is that being an associate dentist isn’t what it used to be. Associates have student loans they have to pay (probably the biggest one), car loans, rent / mortgage, family, life, and the cycle goes on and on.

And that’s precisely why I’m trying to let as many associate docs know the value of ownership and opportunity cost.

Though we averaged a little over 5 mil for our practices, the top owner doc produced $8,864,788 for the year of 2024. I guess he was impressed by the system, so he took over another CLD practice… and this is the doc that became an owner doc after 8 months of graduation. And to complete the range, the bottom number is $1,958,239 while we had one full time and one part time doc on site (four days a week). I own this practice, but didn't have to work in it the whole year and still made this much. These are truly achievable results because, well, we did it and you can come to meet us whenever. And yes, it sounds too good to be true because I feel it too as I’m writing this. But you’ll just have to see it for yourself. We’re a legit company and we’re here.

In fact, we have something called "Item 19" in our Franchise Disclosure document. It's a public, legal document where it shows how much we've made each month for the whole year of 2024. Let me know if you'd like me to send it to you (or you can visit our website at www.clearlakesdentalfranchise.com)

Oh, and I have a youtube channel that explains the building process of dental clinics. So here it is: www.youtube.com/@thedrpark

Make sure you subscribe! … I still feel awkward saying it.

In the end, ownership is just one of those things we do during our dental career. And if you have the desire to succeed, you have a team that knows the process, then why not? If you are interested, please email me at dpark@clearlakesdental.com. Alternatively, you can text or call my personal cell phone at 443-759-0910.