How Important Is the Location Of Your Dental Practice?

Whether you’re building a dental practice from scratch, purchasing an existing dental practice, or thinking about opening a second office, you should be aware of the importance of location. Just doing a bit of research beforehand can save you time and money down the line. Luckily, a demographic report, which includes a dentist-to-target-population analysis, will help you feel more confident in the decision of location.

Importance Of Dental Office Location

Many dentists severely underestimate the effect that location can have on their dental office. Even a practice with the friendliest staff, most effective marketing techniques, and most up-to-date equipment will still have a difficult time finding success if it’s in a bad location. This is why it’s so important to have a demographic report for a potential location.

Just having a demographic report in your hands won’t do much good. It’s also important to have a professional dental consultant to help you understand the research behind the report. A dental consultant can help you with the due diligence necessary to be successful. For example, we recommend speaking with the city planning committee of your potential location to see if any new home developments are being planned over the next 2-5 years.

If you’re considering building a dental practice from scratch or purchasing an existing practice, it’s important to hire the right group of people to help you succeed. These people include:

• An equipment and supply representative
• A banker
• A contractor
• An attorney
• A real estate consultant
• A dental consultant

To speak with a friendly and knowledgeable dental consultant or for help deciphering and understand your demographic report, please contact CTC National today.