Here are the best places where you can save significant amounts of money and increase your odds of making it:
- Building
- Equipment
- Supplies
How much does it cost to build a new dental Practice?
Land Acquisition. This is where costs can become the most variable. Dependent on the city, state, the economy, and the country, real estate prices can fluctuate tremendously. To give you an idea: The typical 3-operatory dental practice would fall in about a 120-130 sqm footage range. So the price can range depending on the cost of commercial real estate land in the location you want to set up. You’ll want a well researched, strategic location with enough foot traffic and patients to pay for that space.
There’s a lot of other expected and maybe unexpected costs that come with this too —i.e., consulting with a realtor, making sure your location is zoning compliant, and if you have enough space to accommodate and other guidelines for dental practices. Not to mention if you have the right operatory sizes for your spaces dependent on the type of dentistry you work in. Whether you’re planning to start a general practice, orthodontic, periodontics, or something else.
Construction Costs. Now that we’ve covered the gist of land acquisition, you need to also consider constructing the office itself. It estimates a cost of $2100 to $2750 per sqm just for construction —this doesn’t account for equipment or supplies.
To get more information schedule an appointment with Newarc Edge 1300 312 327
Dental Practice Fit Out Specialist