Dental News

Maintaining Practice Value Series II

By |February 24th, 2014|

Step 2 to building and maintaining your dental practice value is designing your practice with longevity in mind. If you are building or remodeling your practice, create a floor plan and office design with intrinsic longevity so they will still be appropriate years from now when it’s time to sell. Use an open floor plan that ensures ease of traffic flow. Build in the capacity to expand services as needed with extra operatory, laboratory, equipment or storage space. Use furnishings that are classic in design and colors that are timeless. Consider incorporating environmentally friendly materials and systems that save energy and improve air quality, as these will positively impact the value of the practice. While poor practice design may not be a deal-breaker at the time of sale, a carefully thought-out floor plan and interior structure can add perceived value to the practice for the right buyer.

Click to read  Maintaining Practice Value Series.

Maintaining Practice Value Series I

By |February 14th, 2014|

It’s never too soon to start thinking about how to maintain your dental practice value for future sale, even if you’re just starting your first practice.  Despite all of your advanced planning, you may find yourself expanding to a larger location, opening a second practice, or ready to retire sooner than expected. The value that your practice holds at the time of sale could make the difference between a successful transition, and a challenging one.

Over the next month, we will share four key steps to building and maintaining practice value. First, start with location. Just as with your home purchase, a good portion of your practice value is based on “location, location, location.” If you are planning to build or purchase your practice, spend as much of your investment as you can afford to secure a premium practice location. Nothing speaks more to the quality of services your patients can expect than the location of your practice.

Look for a professional neighborhood with […]

Series: Advantages of Owning a Building I

By |February 12th, 2014|

This 5 part educational series will begin with the advantages of owning commercial property. Please follow us in the coming weeks to learn about the additional benefits of being a property owner.

Most business owners eventually confront the question of whether to purchase or lease their office space. There are many factors to consider in making this important decision. For new dental practitioners who are uncertain of future space needs and want to ensure maximum cash flow as they grow their business, leasing may be a wise option. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foundation for growing the business.

1.) Historically Low Prices

Commercial properties for dental practices are far less expensive today than they were before the recession. In some areas, it may be ultimately less costly to purchase and […]

Series: The Advantages of Owning Commercial Property II

By |February 4th, 2014|

This 5 part educational series will begin with the advantages of owning commercial property. Please follow us in the coming weeks to learn about the additional benefits of being a property owner.

Most business owners eventually confront the question of whether to purchase or lease their office space. There are many factors to consider in making this important decision. For new dental practitioners who are uncertain of future space needs and want to ensure maximum cash flow as they grow their business, leasing may be a wise option. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foundation for growing the business.

Favorable Financing Rates

The most significant cost of purchasing real estate is the mortgage interest rate. Today, rates for commercial real estate purchases continue to be at an all-time low, ultimately […]

Series: The Advantages of Owning Commercial Property III

By |February 3rd, 2014|

This 5 part educational series will begin with the advantages of owning commercial property. Please follow us in the coming weeks to learn about the additional benefits of being a property owner.

Most business owners eventually confront the question of whether to purchase or lease their office space. There are many factors to consider in making this important decision. For new dental practitioners who are uncertain of future space needs and want to ensure maximum cash flow as they grow their business, leasing may be a wise option. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foundation for growing the business.

Equity Appreciation

As you build equity in your business real estate, it becomes an increasingly valuable asset that you can leverage to further grow your business without putting your practice itself […]

Series: The Advantages of Owning Commercial Property IV

By |February 2nd, 2014|

This 5 part educational series will begin with the advantages of owning commercial property. Please follow us in the coming weeks to learn about the additional benefits of being a property owner.

Most business owners eventually confront the question of whether to purchase or lease their office space. There are many factors to consider in making this important decision. For new dental practitioners who are uncertain of future space needs and want to ensure maximum cash flow as they grow their business, leasing may be a wise option. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foundation for growing the business.

Cash Flow Opportunities

If you purchase commercial property that has space for tenants, you have opportunities for additional cash flow through rental income. You might use tenant income to help pay […]

Series: The Advantages of Owning Commercial Property V

By |February 1st, 2014|

This 5 part educational series will begin with the advantages of owning commercial property. Please follow us in the coming weeks to learn about the additional benefits of being a property owner.

Most business owners eventually confront the question of whether to purchase or lease their office space. There are many factors to consider in making this important decision. For new dental practitioners who are uncertain of future space needs and want to ensure maximum cash flow as they grow their business, leasing may be a wise option. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foundation for growing the business.

Tax Advantages

Owning your practice allows you to depreciate your asset while writing off all of the mortgage interest paid during the year. In addition, you can enjoy the benefits of several tax deductions […]

Dental Customer Spotlight: Drs. Annie & Stephen – California

By |October 15th, 2013|

Dental Customer Spotlight

Drs. Annie and Stephen share their experience about working with Live Oak Bank.

Dental Customer Spotlight: Dr. Wayne – California

By |October 14th, 2013|

Live Oak Bank Dental Customer Spotlight

Dr. Wayne, California dentist, shares his experience about working with Live Oak Bank to find financing for his practice’s growth.

The Advantages of Owning Commercial Property

By |October 10th, 2013|

Most business own­ers must eventually confront the issue of whether to purchase or lease their office space. There are many factors to consider in making this important de­cision. For new dental practitioners who are uncertain of future space needs, and who want to ensure maximum cash flow as they grow their business, leasing may be a wise option. But for new or seasoned practice owners with a strong financial profile, a clear picture of future growth, and the ability to take advantage of the tax benefits of ownership, a commercial real estate purchase can provide a solid foun­dation for growing the business.

Following are a number of potential ad­vantages to owning commercial property:

HISTORICALLY LOW PRICES

Commercial properties for dental prac­tices are far less expensive today than they were before the recession. In some areas, it may ultimately be less costly to purchase and outfit commercial real es­tate than to build-out and rent a leased space. While property values will not likely […]

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