by Jim Vander Mey
Practice Transition Advisor
Whether you are approaching retirement age or just thinking about a transition, there are several things you can do to prepare your veterinary practice for sale. Doing these things may help eliminate headaches, increase your sales price, or reduce your costs. Here are a few tips:
Assess your equipment. Upgraded practices sell faster. If you...Read More
I often get calls from doctors who want to buy or open a second, third or fourth location. My first question to the caller is how well is your current practice doing? More often than not, they tell me that they’re practice is producing $50,000 per month. I then ask them what percentage of collections is their hygiene production? They tell me it’s about 18 or 20%. Next...Read More
For those of you that have been around for a few years, you have probably noticed that the economy is cyclical. Factors such as interest rates, employment levels, consumer spending and even retirement rates ebb and flow. This flux creates optimal opportunities to buy and optimal opportunities to sell.
Currently, the market for a practice transition is a seller’s market. This means...Read More
It’s probably been a while since you bought or started your practice. You may have just found a location and put up a sign, or bought the practice that you went to as a kid. You did not have a plethora of practices to look at, different practice management systems, new technology, or even a wide variety of practices or procedures to choose from the way graduates do today. Dentists...Read More
As we all close out on 2017 we reflect on the year’s accomplishments and successes. For Omni, we had a record year helping doctors buy existing practices finding new locations for their startup practices. This enabled us to give to various dental related charities and also towards our annual Thanksgiving Basket Brigade. We helped feed over 1,000 people at Thanksgiving time.
How...Read More
