Government officials must first inspect your facility to be sure that it is located in the location zoned for such business.
#OPEN DENTAL PRICING LICENSE#
The truth is that the location you choose to open your dental practice business determines if you will be issued the required business license and permits. Your choice of location for your dental practice business determines how successful your business may grow. As a matter of fact, there are business consultants cum realtors who are specialized in helping people choose an ideal location for their type of business a location that will guarantee profitability and to breakeven within the shortest time frame. For example, if you choose to start with a standard clinic and several staff members, you are expected to spend far more than those who intend to start from a small office and with one or two staff.Īnother major factor that will determine the cost of opening a dental practice business in the United States of America is the location. The Size and Capacity of the Dental ClinicĪ major factor that will determine the overall cost of opening dental practice is the size and capacity of the dental clinic. The Cost for the Purchase and Customizing of Uniforms.
Cost of Recruiting and Training Your Staff.Sourcing Your Supplies and Ongoing Expenses.The Cost for Furnishing and Equipping the Office.The Cost for Branding, Promotion, and Marketing of the Business.The Cost of Hiring and Paying a Business Consultant and Attorney.The Size and Capacity of the Dental Clinic.The truth is that, if you are a good bargainer, you can get a better deal that will help you beat down the estimated price as listed above. Please note that this is a rough estimate and we usually advise our readers to go to the market or directly contact suppliers of the brand of dental equipment they would need to get the real-time prices of these items. The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, tables and chairs et al): $4,000.įrom the rough estimate as listed above, you would need between $350,000 and $550,000 to establish a medium–scale but standard dental practice business in any city in the United States of America.The cost for dental / medical equipment – $150,000.Storage hardware (bins, rack, shelves,) – $3,720.The cost for Start-up inventory (stocking with a wide range of pharmaceutical items) – $50,000.Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $100,000.Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500).The cost for dental clinic remodeling (construction of racks and shelves) – $20,000.The cost for payment of rent for 12 months at $1.76 per square foot in the total amount of $105,600.Insurance (general liability, workers’ compensation, and property-casualty) coverage at a total premium – $3,400.
#OPEN DENTAL PRICING SOFTWARE#
The cost for Computer Software (Accounting Software, Payroll Software, CRM Software, Microsoft Office, QuickBooks Pro, drug interaction software, Physician Desk Reference software) – $7,000.The cost for hiring a Business Consultant (Writing of business plans inclusive) – $3,500.Marketing promotion expenses for the grand opening of the dental practice- $3,580.Legal expenses for obtaining licenses and permits – $1,500.The Total Fee for Registering the Business in the United States – $750.In view of that, here are the key areas where you are expected to spend your start-up capital on if you want to start a dental practice business Aside from that, you are expected to secure the required license and permits, pay your employees and utility bills. When it comes to starting a dental practice business, one is expected to spend the bulk of the start-up capital on renting and equipping the dental clinic. The Estimated Cost to Start a Dental Practice Business in 2022 The dental practice industry is a very thriving industry that rakes in a whooping sum of $129 billion annually with an annual growth rate projected at 3.4 percent, and interestingly, the industry is open to any aspiring entrepreneur who has acquired the required capital and business exposure.
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