Practices come in all shapes and sizes. Some are collecting over $1 million per year with 50% overhead. Others are collecting $600,000 per year with 65% overhead. These both appear to be decent practices. Yet, there are other practices collecting $300,000 to $400,000 with 70% overhead. The first two practices are definitely practices to consider buying, but is the third practice...Read More
By Jim Vander Mey
Practice Transition Advisor
I meet hundreds of veterinarians each year who are looking to buy an existing veterinary practice. Of those, I would estimate that 30% have done any research on what is involved in buying a practice. Of that 30%, none know the beginning to end process of buying a veterinary practice. While all the steps cannot be covered in this article, here...Read More
Understanding how many patients, or what type of patients, are in a practice is an important part of evaluating a potential practice to purchase. What is one man’s trash is another man’s treasure.
When you are evaluating a practice, you may be told that there are a certain number of “active” patients in the practice. That term “active” is one of my...Read More
Owning and growing a dental practice can be one of the most challenging things in dentistry. Advertising for new patients can be hit and miss and expensive. That’s why one of our favorite strategies is to purchase another practice and merge it into your existing practice.
The reason you would consider doing a merger is because you get all of the revenue and current patients from the...Read More
Owning and growing a veterinary practice can be one of the most challenging things in the veterinary field. Advertising for new clients can be hit and miss and expensive. That’s why one of our favorite strategies is to purchase another practice and merge it into your existing practice.
The reason you would consider doing a merger is that you get all of the revenue and current clients...Read More
