Click here to enlarge imageDenzinger Family Dentistry wants to provide top-notch family dentistry in comfortable surroundings at reasonable prices. The practice's philosophy is to treat people like team members themselves would want to be treated.
Much of the success of the practice can be attributed to its efficient utilization of space. Throughout the office, the use of space is very functional.
According to Mike Rowe, the original decision to move to the practice's current location was influenced by the ability of future expansion at the site, which is part of a two-level office condominium complex.
In essence, the site selection help set in motion future expansion plans.
The Rowes started with two treatment rooms in the practice with a third operatory roughed in for addition at a later time. In addition, by converting a break room and making some cosmetic changes to the office, the practice was able to create enough space for six operatories.
The purchase and build out of additional space next door to the current practice location (the space due to open the first of 2009) will bring Denzinger Family Dentistry to 10 treatment rooms.
While the practice was expanding on the main floor with the addition of operatories, it was also expanding to a second level.
Nonpatient activities, such as office space, a break room, storage, and even a portrait studio, are now located upstairs.
As unique as the use of space in the practice, so is the payment approach the Rowes have used with expenses for their office expansion.
Investments in office improvement have been paid, in part, up front with the remaining amounts financed on a short-term note of more than two years.
According to Mike Rowe, this approach has worked well for them. He said it makes them remain disciplined in their spending while allowing for debt to be paid off quickly. This allows the practice to have a great relationship with banks in terms of establishing credit for future financing needs.
The Rowes do try to keep the practice's debt as low as possible. Generally, they try to pay for one addition before embarking on another.