Blog

Pitfalls to Avoid in Buying a Building

By Steve Kikikis, Vice President, Broker Money Pit or Cash Cow? On occasion when a doctor purchases a practice there is also an option to purchase the real estate.  Historically, real estate has been a good investment over time, but owning a commercial building has its own nuances. There are a lot of similarities between owning a commercial building and a residential house.  As the building...Read More

PREPARING FOR THE EMOTIONAL ROLLER COASTER IN YOUR VETERINARY PRACTICE TRANSITION

As you get nearer and nearer to retirement and are preparing to sell your veterinary practice, there is something you need to ponder that many doctors do not think about.  That is the emotions you will go through during and after you sell your practice. Selling pet food or even charts is easy.  It’s just an object that you are giving to another doctor to own.  But, I’ve had many doctors who...Read More

Preparing For The Emotional Roller Coaster When Selling

As you get nearer and nearer to retirement and are preparing to sell your dental practice, there is something you need to ponder that many doctors do not think about.  That is the emotions you will go through during and after you sell your practice. Selling a chair or even charts is easy.  It’s just an object that you are giving to another doctor to own.  But, I’ve had many doctors who...Read More

Not All Valuations Are Created Equal

  Practice valuations and those that value practices can come in all shapes and sizes.  Did you know that there are probably 20 different methods you can use to value a practice?  Did you know there are 5 to 10 different certifications or accreditations one can work towards obtaining? Rule of thumb valuations are ones that are typically quoted and overly abused.  The typical rule of...Read More

Ideal Practice Benchmarks

​ by Jim Vander Mey Practice Transition Advisor People love benchmarks.  They want to know how many glasses of water we should drink each day.  How much we should work out every week.  Or, how many miles per gallon our cars can achieve.   There are benchmarks to look at when you are buying a practice.  They may not necessarily be deal-breakers, but they help determine what you will need to do...Read More