Starting a dental office takes a lot of hard work and determination. There are those who may not be ready after eight years of college and dental school. In any event, dental offices are one of the most expensive small businesses to start. That’s why dentists should decide where they want to practice first. For instance, those who want to practice in California may consider dental offices for sale in San Francisco Bay Area. Buying an existing office may be less expensive.
Two Reasons Why Dental Offices Are Expensive
Industry insiders say it costs about a half-million dollars to start a dental office. The biggest cost factor is region. Everyone knows some areas charge more for everything. Indeed, rent in New York City is more expensive than in parts of the south. Compare the costs of doing business in various areas and choose one that’s budget-friendly.
The next biggest cost factor is square footage. If the dentist is renting, landlords charge by the square foot for commercial space. This is a good reason to look at dental offices for sale in San Francisco Bay Area. Buying can be cheaper than renting. Further, buying an existing office is cheaper than building your own.
Dentists Have A Lot Of Overhead
The young dentist needs to decide how many procedure rooms are necessary. Remember, an existing dental office would already have the necessary rooms laid out. Further, dentists need a waiting area, a lab and sterilization room and handicapped-accessible restrooms. Further, the office staff needs a working area, and the dentist needs an office.
Dental equipment is costly, as well. Fortunately, dental software is a purchase that saves money. The office does not need a file room because patient files are stored on-line. However, dentists still need x-ray machines, drills, and lasers.
A Friendly Banker Helps A Lot
Most dentists try and get a bank loan to get started. Banks want to see a strong business plan and an individual with good credit. Ask for industry recommendations about banks that are dental-friendly. Further, buy malpractice insurance from an agent that’s used to dealing with dentists. Indeed, insurance will be one of the highest costs. Those who are interested in buying an office that’s already set up should contact Western Practice Sales.
