Dental

Financial Management

Managing a dental practice involves significant financial responsibilities. Rent and occupancy costs often represent one of the largest overhead expenses, second only to staff wages. These costs can have long-term implications on the profitability and sustainability of your practice. Securing fair and affordable lease terms is crucial to maintaining a healthy bottom line.

Legal and Regulatory Compliance

Dental practices must adhere to numerous legal and regulatory requirements. Office lease agreements must be carefully negotiated to include favorable legal terms that minimize risk and liability. Overlooking these details can result in costly legal disputes and financial penalties.

Practice Growth and Expansion

As your dental practice grows, you may need to expand or relocate to a larger facility. This process involves complex decisions about site feasibility, lease negotiations, and minimizing downtime to ensure continuous patient care.

Practice Sale and Transition

When planning for the eventual sale or transition of your dental practice, the terms and conditions of your lease agreement can significantly impact its value and attractiveness to potential buyers. Ensuring the lease is structured to facilitate a smooth transition is essential for maximizing your practice’s value.

Expertise in Lease Renewals and Negotiations

WeCare Practice Advisors specializes in reviewing and negotiating dental office lease agreements. Our team works collaboratively with a network of local brokers and advisors to ensure the best rental rates and financial terms for your practice. We diligently review existing lease agreements, identify liabilities, and recommend amendments to secure favorable terms. We aim to protect your practice, reduce financial burdens, and ensure a lease that supports long-term success.

Support for Office Expansion and Relocation

When expanding or relocating your dental practice, WeCare conducts comprehensive site feasibility analyses to help you make informed decisions. We prepare and negotiate the Letter of Intent/Agreement to Lease and manage lease negotiations on your behalf, ensuring minimal downtime and a smooth transition.

General Business Advisory Services

Beyond real estate, WeCare offers consulting services to address unique business needs, including marketing and growth strategies, practice sales and acquisitions, succession planning, and employment matters. Our extensive experience in the healthcare real estate industry equips us to support all aspects of your dental practice’s business operations.

Guidance for Practice Sale and Acquisition

WeCare offers expert guidance through the complex processes of practice sales and acquisitions. We review existing lease agreements, ensure adequate lease terms for facilitating sales, and prepare and negotiate lease assignments and amendments. Our comprehensive approach ensures your practice retains value and attracts the right buyers.

Assistance with Commercial Real Estate Purchases

If you want to purchase commercial real estate for your dental practice, WeCare’s network of established brokers and real estate professionals will find the right investment opportunity for you. We assist with identifying potential exit strategies and negotiate favorable lease termination and disposition terms.