Practice Startup
Why Buy when you can Start up a Dental Practice for a much lower cost?
Dental Practice Start-up Programme
Our Dental Practice Startup Programme is a hands-on consultancy service designed to take you through your whole journey to becoming a dental practice owner.
The Programme gives you access to monthly calls with our expert consultants. We’ll be there every step of the way, giving you the advice and assistance you need, as well as the push to make it happen!
Over a 12 month period, our consultants will be there to assist and guide you to make sure you start your dream practice.
Are you serious about starting a dental practice?
Starting up a practice is not for everyone. However, for those that are willing to start that journey, the Dental Practice Start-up Programme will support you, provide our expertise and make the process easier.
If you’re serious about starting a successful dental practice, our Dental Practice Startup Programme can help you every step of the way. From choosing the right location to opening up on your first day, this programme is designed to help you make it happen in 12 months!
We’ve split the process into manageable chunks, making it easier for you to complete your journey to owning your dream practice.
Key aspects of the
Practice Start-up Programme:
Stage 1: Getting Started
- Discounted rate to attend the Samera Setting up in Practice Bootcamp
Stage 2: Getting a Plan
- Advice on location
- Detailed Strategic Business Plan template and assistance with edits.
- Full Profit and Loss Forecasts for 3 years.
- Full Cash Flow Forecasts for 3 years.
- Full start-up cost breakdown.
Stage 3: Getting the Money
- Assisting you with sourcing any kind of finance through Samera Finance.
Stage 4: Getting the Equipment
- With our Buying Group dental asset partners, we can help you design and select the right equipment for your practice, as well as access to reduced rates for insurance, legal assistance, software and much more.
- Low-rate financing options available for your equipment purchases.
- Help with setting up service contracts.
Stage 5: Getting on With the Job
- Monthly review zoom call with our expert consultants to ensure you actually get to your goal.
- Introduction to the Samera Digital Marketing team for all website and digital marketing needs (separate fees apply).
- 20% off first year practice owner accountancy service.
How much is it?
£375 per month for a 12 month period
If you want to start a dental practice, all of our services are now found in the Dental Practice Start-up Programme. The individual services we offer are now only available as part of the Programme.
The table below shows a breakdown of the savings you will make by joining the Dental Practice Start-up Programme.
With the Programme, not only do you get discounted cash flow projection and business plan template, help sourcing finance at a reduced rate, 12 month free access to the dental buying group, 20% off accountancy fees and discounted tickets to Setting up in Practice Bootcamp, you also get 12 months access to our expert consultants.
These services are not available outside of the Programme.
| Normal price inc VAT | Start-UP Programme Price | |
|---|---|---|
| Business Plan & Cashflow | £1,500 | £0 |
| Arranging Finance (min fee) | £3,500 | £2,500 |
| Dental Buying Group (first 12 months) | £0 | £0 |
| Typical Accountancy Fees (discount only applies for the first year) | £5,424 | £4,339 |
| Bootcamp | £399 | £299 |
| Monthly consulting call (over 1 year) | £4,800 (Unavailable outside of the programme) | Free |
| Start-up Programme (Monthly Subscription) | N/A | £4,500 (£375 / month) |
| Total | £15,623 | £11,638 |
Start Up Packages
Dental Practice Start up Programme
What We Offer
Ideal for start-up or newly established dental practices that need an essential financial setup and compliance.
Stage 1: Getting Started
- Attend the Samera Setting Up in Practice Bootcamp.
Stage 2: Getting a Plan
- Advice on location.
- Detailed Strategic Business Plan template and assistance with edits.
- Full Profit and Loss Forecasts for 3 years.
- Full Cash Flow Forecasts for 3 years.
- Full start-up cost breakdown.
Stage 3: Getting the Money
- Assisting you with sourcing any kind of finance through Samera Finance.
Stage 4: Getting the Equipment
- With our Buying Group dental asset partners, we can help you design and select the right equipment for your practice.
- Access to reduced rates for insurance, legal assistance, software, and much more through our Buying Group partners.
- Low-rate financing options available for your equipment purchases.
- Help with setting up service contracts for equipment.
Stage 5: Getting on With the Job
- Monthly review Zoom call with our expert consultants to ensure you actually get to your goal.
- Introduction to the Samera Digital Marketing team for all website and digital marketing needs (separate fees apply).
Optional Extras
Site & Regulatory Implementation
- Referrals to Planning & Design Experts for Execution: Connection to specialists who can manage practice layout design implementation and equipment installation.
- Referrals to CQC Compliance Experts for Full Registration & Ongoing Management: Connection to specialists who can provide comprehensive support through the entire CQC registration process, policy development, and ongoing compliance checks.
- Referrals to Infection Control Experts for Setup: Connection to specialists who can advise on establishing compliant infection control protocols and decontamination areas.
Marketing & Patient Acquisition
- Website Development: Creation and launch of a professional, patient-friendly website.
- Local SEO & Online Presence Setup: Optimization for local search engines and setup of online directory listings.
- Launch Marketing Campaign Execution: Development and execution of a detailed marketing plan for the practice launch (e.g., local advertising, open day).
- Social Media Setup & Strategy: Establishment of social media profiles and initial content strategy development.
Accounts, Tax and Financial Management
- Ongoing Accounts & Tax Client Service: Full suite of accounting services post-startup, including annual accounts, tax returns, and comprehensive tax planning.
- Payroll and Pensions Management: Ongoing setup and management of payroll systems and pension schemes for your staff.
- Accounts Payable Service: Professional management of your practice’s supplier payments and expenses.
- Financial Systems Implementation & Optimization: Setting up and optimizing appropriate financial software and workflows for efficient ongoing practice management.
- Finance Director Services: Ongoing strategic financial guidance for budgeting, forecasting, and performance monitoring.
- Cashflow Management: Ongoing support and advice for effectively managing your practice’s cash flow beyond initial forecasting.
- Financial Health Checkup: Regular reviews to assess your practice’s financial performance and identify areas for improvement as it grows.
- Tax Investigation Cover: Protection against the costs and complexities of a tax investigation.
Sign Up Now
One of the key benefits that you get from the start up program is the advice and experience you receive from the Samera team who have helped many clients open their own dental practice.
At Samera, we will assist you along the journey with monthly catch-up meetings with the team covering areas such as finance, our buying group, practice equipment, accountancy and marketing.
If you’re ready to start your dream practice then we want to hear from you. Book yourself a free consultation at a time that suits you to find out how you can join the Dental Practice Start-up Programme.
Case Studies
Better Terms and Flexible Payments
The Problem
Having had an initial conversation with an associate looking to set up a squat practice, they explained they had found a property to convert and wanted help with the finance.
Part of the finance application is to provide the lender with lease and deposit details and when we obtained these, we contacted the client again.
They had no rent-free period and a large rent deposit to provide with no end date for the return of that deposit.
The Solution
We discussed and explained the benefits of negotiating a rent-free period with the landlord. This would not only allow them time to convert the premises, but also to provide them with a period of no rent to help keep the initial costs down when income was growing.
We also discussed the size of the rent deposit and also them agreeing with the landlord a return date and how the money was to be held to protect their funds.
The Result
After our discussions and help with negotiating, we were able to help them argue for far better terms in their agreements.
Once they discussed all these aspects with the landlord, they agreed to reduce the rent deposit and return it within two years with the deposit being held on an escrow account.
More importantly they agreed a six-month rent-free period which eased the cashflow situation of the squat practice when it started trading.
How it Should Have Been Done
The Problem
One of our clients recently took over a closed practice and approached a bank directly to obtain finance so they could purchase the building and set up a new practice. Due to the lack of income being generated by the closed practice, it was classed as a squat practice.
However, the bank they approached did not provide any finance for the set up of the practice in terms of build and equipment.
Reasons remain unknown. So, to finance the build and purchase the equipment, our client borrowed heavily on short-term finance. They are now lumbered with huge monthly repayments on their short-term debt.
The Solution
We could have negotiated a far better deal.
Here’s how it should have been arranged:
Usually with a squat you can obtain 15 year finance for the build and the equipment needed for the practice. This is usually restricted to 70% of the costs, with a maximum figure of £250K for the build and equipment.
The difference is the loan term. With the 15-20 year term and a broker-negotiated one year interest-only deal, monthly payments are spread out, cashflow is protected and the practice can flourish.
Raising Additional Finance When Lenders Say ‘No’
The Problem
The existing principal of a dental practice based in London who had moved their rented dental practice to a new freehold site close to the existing practice contacted us recently.
They explained that they had raised the funding for their move from their existing lender, but the project had overrun, and their existing bank wasn’t able to arrange any extra funding to complete the project.
The Solution
After our initial discussion, we outlined what information we would need to approach the lenders so that we could provide a comprehensive report to raise the finance.
Using our experience with the application and negotiation process with banks we put together a proper finance application.
The Result
The outcome was having received the information, we were able to obtain the additional finance that was needed to complete the project on competitive terms.
The client now has a new fully equipped dental practice based in a freehold property that is performing well.
Setting up a squat dental clinic can be a very daunting task. With so many different facets to the project, financing the project can be potentially stressful especially in the current climate. However, … Samera made this so easy for us. Always on hand to answer our queries, talk us through the process step by step and presented us with all the different options. It has been a pleasure to work with … the rest of the Samera team and I have no hesitation in recommending them to all my colleagues.
5 Stars
“I cannot recommend … highly enough. My partner and I have been corresponding … when setting up our squat dental practice to organise the best finance loans and equipment deals. He has a wealth of knowledge, trustworthy, straight talking and always responds quickly to questions.”
5 Stars
“After attending the Samera Bootcamp last November, I set about starting up my own practice. … very helpful in setting up finance and giving good all round advice about the process, actually well beyond the scope of a financial advisor- wouldn’t hesitate to recommend!”
5 Stars
Accounts & Tax for Start-ups
Our specialist dental accountants are experts at helping dentists set up their accounts, manage their finances and organise their tax.
Cyber Security
Your business is at risk if you do not have a cyber security strategy in place. Cyber security is one of the most important, but least understood parts of running a business. We can make it easy.
Commercial Finance for Dentists
We specialise in finding the best commercial finance deals on the market for dentists.
Setting Up a Practice Timeline
See all of the steps needed in order to set up your own practice.
Building a Business Plan
Building your business plan is an essential part of starting a dental practice.
Practice Startup Checklist
Download our Practice Startup Checklist to make sure you are following every step on the path to becoming a dental practice owner.
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 online events 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!
Our Dental Practice Start-up Programme is a hands-on consultancy service designed to take you through your whole journey to becoming a dental practice owner. Contact us today for all the advice, support and expertise you’ll ever need to start a dental practice.
For more information please check out the articles and webinars in the start a dental practice section of our Learning Center, like our guide on How to Start a Dental Practice in 13 Steps.
For all our previous articles, webinars and video updates, subscribe to our YouTube channel and follow us on Facebook, LinkedIn, YouTube and Instagram.
