Should I Buy Leasehold or Freehold?

In this episode of the Dental Business Guide podcast, we take a look at the differences between leasehold and freehold properties and which one is better for a dental practice.

You can list to all of the the Dental Business Guide podcast episodes here.

I often get the question should I get a leasehold or a freehold for a new start up practice? Whilst getting a freehold is something that many want, it’s not always the best premises to get.

Location, Location, Location.

In my experience, location is the fundamental point when doing a start-up. If a freehold is available, ask yourself, why is it available in the first place?

Is it because the current owner cannot rent it out, as its not in a great position or location? Or is it in a bad state of repair that needs much work to make it habitable.

Of course, a freehold in a strong location usually features a higher price tag, but sometimes you can get a good deal, but it’s rare, even in these times.

You Get What You Pay For

My experience has taught me that cheap rent, or a cheap freehold, usually means it is not going to be in a strong enough location to get the new patient visibility you desire – ultimately, you do get what you pay for.

Whilst it may be tempting to get some premises for a squat, especially as there are so many empty units at the moment, do your research and make sure you choose a strong location – with high visibility.

Do Your Research

Strong locations in town centres still command good rents. Yes, they may have dropped, but going in with a ridiculously low offer for a premium space may be tempting, but it’s likely to be ignored promptly too.

Do your research properly, see who are the other occupiers, what terms can you realistically negotiate, are you in competition with others?

Experience has taught me that location is paramount when doing a start-up. Get this wrong and you will be facing an uphill battle from day one.

Don’t make the same mistake that many have made in the past!

Join the Samera Alliance Buying Group

The Samera Alliance is our growing network of dentists, practices and leading industry suppliers, designed to help you save money, grow your profits and build a better dental business.

Join today for free to be a part of our dental buying group, which gives you access to exclusive discounts and offers on the consumables, equipment and products you need in dentistry.

Sign up for one of our business training events

Sign up now for one of our events and webinars, designed to teach dentists how to build a better business.

We run free webinars twice a month, covering everything from compliance to raising finance. We also host live events across the UK, like our Setting up in Practice Bootcamp, which has been running for over 10 years and the first step for 100’s of the UK’s practices.

Check out our events calendar to see which of our webinars, courses or bootcamps are right for you.

Further Information on Starting a Dental Practice

We’ve been helping the UK’s dentists start their own practices for nearly 20 years and we know exactly what it takes to make your practice a success! For all the advice, support and expertise you’ll ever need, contact us today to find out more about starting a dental practice with Samera.

For more information please check out the articles and webinars in the Starting a dental practice section of our Learning Centre, like our Guide to Starting a Dental Practice.

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