Page 25 - The Dental Entrepreneur
P. 25

The Dental Entrepreneur





                                              If you work just for money, you’ll never

                                              make it. But if you love what you’re

                                              doing and you always put the
                                              customer first, success will be yours”

                                              Ray Kroc





                                              CHAPTER 3

                                    Selecting The Type of Facility

    1.    The Vanilla Box / Fit-Up

    2.    Own Your Own Building

    3.    The Prestige Location

    The Vanilla Box, Vanilla Shell, White Box

    These three terms are inter changeable and describe the majority of dental office start up
    projects. This office is typically 1000 to 2000 square feet of space in a strip mall or other
    business oriented location. This may be a solo office or an extended hour group practice. The
    vanilla box is a term used to describe how many shopping center type spaces are delivered to
    a tenant at a time of lease. The “box” provided is the perimeter walls dry-walled, sanded, and
    with a suspended ceiling in place. Handicapped accessible rest rooms may or may not be
    provided by the landlord in the “box”.

    The Lessor (that’s you) is responsible for finishing off the space. Fit-up is the term used to
    describe  the construction necessary with the walls of a leased space. This would include the
    partition walls, floor coverings, electrical and plumbing. These are collectively called
    Leasehold Improvements. These improvements are generally permanent in nature and often
    return to the landlord at the conclusion of the lease. Leasehold improvements can be a
    substantial expenditure in the opening of a dental practice. An average figure today might
    range from 75- $125 per sq foot. Landlords often provide a partial “allowance” toward this
    depending on lease conditions, length etc.






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