Dental Curb Appeal
by Curtis F. Johnson
Licensed Agent
Doctor’s Choice Companies, Inc.
Why hasn’t
my practice sold? Why didn’t that last
new patient re-appoint? These questions
and many other similar thoughts are often asked by some very well intentioned
dentists. The decision to sell your
practice along with the time that it will take to prepare your practice for
sale doesn’t happen over night. You will need to give proper time and
consideration to this effort. The
answer to these questions just might well be found here.
Recently,
a friend of mine who had just returned from an initial appointment with a
dentist and thought that I might be interested in their view of their visit to
this new practice. It wasn’t easy for
me to take in this lengthy sermon of all that was wrong with the office. Having spent close to forty years in this
wonderful profession, I still find myself a great and thankful supporter of
this art and profession. Their comments
were hard to take, but painfully, so many of their observations were true. Ouch!
With that in mind, please read on.
When did
you last take the time to visit the
front of your office, walk through the front door and sit in your reception
area? As you know your reception room,
along with your receptionist, are your areas of first impressions. The importance of this cannot be over
stated. Going further, look at the
balance of your office as if through the eyes of that new patient. Go ahead, sit in the hygiene chair and the
treatment room chairs. What are your
thoughts and impressions? How do you feel about this exercise? This might be very revealing and something
that you would want to do on a regular basis.
All of
this brings me to the “Curb Appeal” thought.
View your office as though you were the buyer. If you like what you see and if you feel that a potential buyer
would feel the same, then great. If
this is not the case, it is time to make some updating changes. Doing so will
assist you greatly in selling your practice or retaining new and existing
patients. So many dentists are simply
not aware of the appearance of both their reception area and office. They get into a comfort zone and lose track
of this important aspect of their practice.
Ask yourself these questions. How would I feel about this facility if I were the buyer? Do I feel that it is worth the appraised
price? How much money will the buyer
have to spend to bring the office up to a condition and appearance that they
would like? Sit on both sides of the
“table” as you make these decisions, think as the buyer would think. Typically, the items for consideration are
the replacement or addition of some new dental and business office equipment
(don’t forget the tax deduction benefits), and the updating of the office color
scheme with some fresh paint .
Additionally, basic things like
flooring and furniture should be considered in this process of creating
better “curb appeal”. After having made
these changes, you and your staff will benefit by working in an improved work
environment. These changes will also
have a very positive effect on you, as well as patients, along with your
productivity and practice profits.
Suffice it to say, these changes will go a long way in creating a
positive “curb appeal” and increasing the chances of the prompt sale of your
practice. Given the number of dental
practices that are presently for sale,
which practice would you most likely choose to purchase?