Smart Business Decisions, Secure Family Future.
Dr. and Mrs. Johnson needed to decide whether to build a new facility or expand their current practice. A new facility would be a large outlay but offered many more options. Their ages and plans for college and retirement needed to be considered to ensure that their current income, retirement accounts, and savings could manage the outlay while still supporting their future plans.
Using the Build vs. Buy Calculator, we meticulously compared the total cost of ownership, considering financing, depreciation, operational expenses, and potential revenue generation. The tool revealed that building a new facility would cost $550,000 in increased capital over 10 years but would generate $100,000 more annual income than the expansion. This pointed to the new build as the most sensible option.
The Build vs. Buy Calculator incorporates various financial models to estimate the present value of future cash flows associated with each option. We customized the inputs with the Johnson's unique debt, earnings, and family needs.
$450,000 net profit from the increased income over 10 years by investing in the new facility.
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