Practice Expansion Guide - 2

DENTAL PRACTICE EXPANSION

GUIDE TO GROWTH

Is your production potential limited by the size of your current dental office?
It sounds like you may be ready to expand your practice and grow your business.

Expanding a dental practice is an important decision that involves countless, time-sensitive moving
parts. For 20 years, Cirrus Consulting Group has been helping dental professionals safely and thoughtfully
prepare for their dental office expansion projects. Use our guide to prepare for your new business
venture, armed with the knowledge critical to take your business operations to the next level.

STEP 1: Define Objectives & Create the Plan

Is your potential for revenue capped by the size of your current facility? Strategically thinking about why you need to
expand will help define your goals and execute a plan of action.
What does your current office lack that your new space will need? Will you have special equipment needs?
Do you need additional treatment/hygiene rooms? What are some key patient requirements for a larger location?
Are you looking to upgrade your office esthetically by enhancing design elements and the quality of décor?

STEP 2: Analyze the Terms in Your Current Dental Office Lease

After outlining your goals, it's time to analyze the details in your current office lease to ensure they will allow you
to carry out your expansion plans without obstacle. Contact the dental office leasing specialists at Cirrus Consulting
Group to help you with this important step. A leasing expert will help you review and decipher the complex
language within the lease to ensure you are fully protected when you approach your landlord with your plans.

Important Considerations in Your Current Lease:
Right of First Refusal (ROFR): Is there a ROFR for expansion clause in the
lease that grants your landlord permission to deny your request?
Surrender Clause: If you're unable to expand into an adjacent space and
decide to relocate into a larger office, is there "surrender" language in the
lease that could force you to restore your office back to its original shell
condition? Imagine having to remove all leasehold improvements such as
plumbing, electrical and millwork. This can easily cost a dentist hundreds of
thousands of dollars in restoration fees.
Practice Downtime: Be aware of critical dates and consider how much time
you have left in your current office in the event of a practice relocation. It's
important to ensure that you minimize any business "downtime" while your
new space is being built-out.
(See next page for steps 3-5)

1.800.459.3413
www.cirrusconsultinggroup.com

"With the right planning
and methodology in
place, expanding your
practice can be an
enjoyable and thrilling
step forward in your
career as a dentist,
taking your business and
production to the
next level!"

http://www.cirrusconsultinggroup.com/solutions-for-dentists/services/dental-office-lease-analysis/ http://www.cirrusconsultinggroup.com http://www.cirrusconsultinggroup.com

Practice Expansion Guide

Table of Contents for the Digital Edition of Practice Expansion Guide