3 Questions to Ask a Dental Practice Broker Before You Buy

Posted on December 16, 2011 | Uncategorized.

When shopping dental practice sales, there’s a lot more to consider than when you’re buying a house. This is going to be your livelihood, so you need to know the right questions to ask before talking money to avoid getting stuck with a dead end practice.

1. Ask for detailed financial information.

There are a lot of numbers your lender is going to want to see before they give you a loan. This data will also give you an idea of the health of the practice. Ask for at least the previous four years of records including income by month, taxes, rent, payroll, benefits, utilities, and contributions to retirement plans. You’ll also want to see current accounts payable and receivable and owed vacation time. The dental practice broker should have all this information ready by the time they list the practice.

2. Are equipment and systems up to date?

Asking prices in dental practice sales ought to take into account the age of equipment as well as the cost of replacing it with up-to-date models. Likewise, if the charting system and other software are outmoded, you need to factor in the cost of replacing them and training staff on new systems and equipment. Ask your dental practice broker for records on the equipment and programs so you can determine how soon you’ll need to update them.

3. Will there be continuity with customer base, prices, and staff?

Taking over a practice is hard enough without having to rebuild from the ground up. If the current owner has tapered off hours before retirement, it may take time to rebuild your clientele. If you need to raise prices immediately to get them up to market levels, you’ll have difficulty retaining patients who don’t have a relationship with you. If the staff all leave with the current owner, who’s going to train your new employees, not to mention the new owner?

Ask these questions early so you don’t waste your time on needless negotiation. Hopefully these questions will help you avoid investing in a practice that will be more stress than it’s worth.

ADS Administrative Office

1621 Ivanhoe Street

Denver, CO 80220

888.ADS.4237

The Future of Storage Units in Rancho Cucamonga, CA

Posted on December 15, 2011 | Uncategorized.

As the population of Southern California swells, real estate must be used as efficiently as possible. Storage units in Rancho Cucamonga, CA, traditionally single storey buildings, will become automated vertical structures.

The technology needed for this kind of facility is not novel. It will use an automated hydraulic retrieval system to move modular storage units between access ports and storage compartments stacked high above the ground. This will allow self storage businesses to use 87 percent less area than comparable traditional facilities.

This system will do more than save space for storage in Rancho Cucamonga, CA. Security will be greatly improved with storage modules tucked in tightly regulated vaults. The units themselves will only be labeled with computer readable codes for added security. At access ports, retina scans will identify owners of storage units before access will be allowed. Ports will be covered and enclosed to protect from rain and unauthorized entrance. They will also be well-lit and video monitored for additional safety measures.

Automated storage systems will also maintain the convenience of self storage Rancho Cucamonga, CA residents have come to expect. Multiple access ports will prevent long lines for patrons. Once access codes are entered, modules will be retrieved within two minutes. Automating storage with well monitored access ports will also make 24-hour access more feasible. Presumably, managers of facilities will have apartments on the ground level of these buildings so they will be available to patrons, as many of today’s horizontal facilities do.

How soon before storage units in Rancho Cucamonga, CA move to this innovative system? As stated before, the technology is available now. Land in Rancho Cucamonga is not at enough of a premium yet for many to justify the initial structural investment. Manufacturers and investors will move as the cost of Southern California real estate resumes its upward trend.

Stor-N-Lock

10975 Arrow Route

Rancho Cucamonga, CA 91730

909-581-9477