5 Considerations when Buying a Veterinary Practice
How many years you should have under your belt before you own a practice? Typically, the number is five years, but that the number really depends on the doctor. We’ve had doctors who were able to purchase a practice after three years and do quite well. A lot depends on your comfort level, skill set and experience. Here are some things to consider before you buy: Are you comfortable with...Read MoreWhere to Own a Dental Practice?
The question we often get from potential practice buyers is “Where is a good spot to own a dental practice?” There are a lot of factors that contribute to answering that question. But first, let’s discuss the reasons why you want to own a dental practice. If you are in it because you love dentistry and love helping patients and you are not necessarily in it to make the big bucks, you can...Read MoreWhere to Own a Practice?
The question we often get from potential practice buyers is “Where is a good spot to own a practice?” There are a lot of factors that contribute to answering that question. But first, let’s discuss the reasons why you want to own a practice. If you are in it because you love being a veterinarian and love helping patients and you are not necessarily in it to make the big bucks, you can really...Read MoreInterest Rates Affect on Practice Values – Why now is a good time to Buy!
By Rod Johnston, MBA, CMA Owner and Principal, Omni Practice Group Some of you may remember, others were not born yet, but back in October of 1981, interest rates on home loans were 18.91%. Over the years, interest rates have gone up and they have gone down. In the early 2020s, we saw some home mortgage rates go as low as 2.81%. If you were wise, you borrowed as much as you could at...Read Moreby omniadminAugust 15, 2024 Seller Articles, Seller FAQ, Selling a Practice, Uncategorized0 comments
