Blog

5 Things to Consider When Purchasing a Practice

Congratulations!  You’ve finished 2018, another year as a veterinarian.  You’ve gained more experience as both a veterinarian with clinical skills as well as observing a practice in operation.  We hear general rules of thumb about how many years you should have under your belt before you own a practice.  Typically, the number is five years.  We’ve seen in practice that the number really...Read More

Top Ten Things To Know When Buying A Dental Practice

  When you buy a house, there are certain key things you check to make sure it’s a good, solid house.  Those include the condition of the roof, foundation, electrical, plumbing, etc. Well just like buying a house, there are key things to look for when buying a practice.  Here are a few I suggest you look at to make sure you are getting a good practice: Cash Flow – This is how much cash...Read More

Why You Need a Transition Specialist On Your Side

The process of selling a Veterinary practice can be exceptionally challenging for those without experience in practice transitions.  It’s a process that requires the leadership and guidance of an expert in the Veterinary practice field, as well as a comprehensive understanding of the steps involved in a business sale. The experts at OMNI Veterinary Practice group have decades of experience...Read More

Why You Need a Broker When Selling Your Practice

  ​In my past life, I flipped houses.  I have bought, rehabbed and sold over 30 homes.  Early on when I was flipping houses, I would sell the homes myself.  I had my real estate license, so I put the houses on the market, did the advertising and showed the homes when buyers wanted to look at them.  Some of the house sales that I did went well.  Others did not go well and others didn’t...Read More

Buying A Practice – You Don’t Know What You Don’t Know

  Do you know everything you need to know when you’re looking at buying a practice?  There are so many different things that require expertise to evaluate a practice.  There over 70 things you need to do in order to get the practice ready to close so you can start practicing.  There are an overwhelming amount of decisions to make during the process of buying and setting up a practice.  It...Read More