Secure Your Dream Dental Practice: Top Real Estate Traps to Avoid | Max Burrows

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Show Notes

Securing the perfect location for your dental practice isn’t just about finding space... It’s a strategic decision that can make or break your business.

In this episode, Michael sits down with Max Burrows from Practice Real Estate Group to unravel the unique challenges dental tenants face on their path to establishing successful practices. Max, whose firm exclusively represents healthcare clients, arms listeners with clear guidance on navigating the sometimes overwhelming process of site selection, contrasting the approaches taken by first-time startup owners and multi-site groups. He reveals actionable insights that empower new practice owners to adopt the data-driven mindset typically reserved for seasoned groups, stressing that investing in an A+ location is non-negotiable, even if it means paying a little more in rent.

Max and Michael also dig into the make-or-break details of co-tenancy and why your neighbors matter as much as your square footage. Learn why being adjacent to a grocery store could turn your practice into a local destination or how picking the wrong neighbor can create endless headaches. As the episode wraps, Max shares why engaging a tenant representation broker early is the secret weapon that costs clients nothing, yet can save them from costly pitfalls. He finishes with his hard-won advice on resilience, innovation, and managing the financial curveballs that come your way, making this episode a must-listen for anyone serious about launching their practice.

What You’ll Learn in This Episode:

The essential differences between site selection for startups versus established practice groups
How to think like a multi-location group when opening your first practice
Why prime real estate locations are worth the investment for long-term growth
The impact of co-tenancy and what to look for in neighboring businesses
Strategic tips to avoid common real estate pitfalls that plague dental startups
The value of hiring a tenant representation broker (at no extra cost to you)
Crucial lease terms that protect you from competitors and costly mistakes
Max’s proven strategies for managing working capital and unexpected expenses
The importance of consistent effort and creative problem-solving in business
How to access Practice Real Estate Group’s exclusive tools, like their startup cost calculator

Ready to uncover the real estate strategies that set successful dental practices apart? Hit play and take your first step toward a smarter, more profitable practice location!

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Sponsors:‍

Practice Real Estate Group: healthcare real estate experts with over a century of experience in medical real estate across hundreds of transactions. Visit their site and mention "The Dental Marketer" for a FREE demographic and competition study for your new location! https://practicerealestategroup.com/