How much does it really cost to start a dental practice or a dental office from scratch? Or, you may have heard the term a squat practice, or a de novo practice, but really the question, is how much does it cost?
Well in truth, it depends. Now, it depends on various factors. It depends on:
- where you’re opening the site
- what type of building you’re going to be trying to acquire to put a dental practice into
- what type of kit you’re going to be putting into the practice
- how many surgeries you’re going to be putting into the practice
- How much the building work is going to cost, what the design is etc.
So it varies so greatly; you could spend anything from £80,000 to £100,000 in terms of starting the clinic, and quite easy up to half a million or 600,000 pounds to set up a dental clinic.
But remember, when you’re setting up a dental clinic you really want to make sure you have a budget and you understand, and have put together, forecasts that will hopefully help you repay all that money you’re going to need to start up that dental practice or dental clinic.
So, it’s really important to at the outset work out your numbers before you even start doing any work or start doing any building work for it. Get that full cost done by your accountant, work out how much it’s going to cost and then also work ou thow you’re going to get that money repaid back as quickly as possible through your performance of your business.
So in summary, how much does it cost? It depends. But a ball park figure we’re seeing today is anything between 100k and 500k. On average, probably about 200,000 to 250,000 pounds to start up a dental practice as a squat these days.
More on How to Start a Dental Practice
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