By Steve Kikikis and Jim Vander Mey
With so few practices on the market, I often get the question “Should I just start a new veterinary practice?” Since I am a commercial real estate broker specializing in helping veterinarians find new locations, as well as being a Veterinary practice broker, I can give you an educated answer. That answer is “it depends”.
Here are 10 questions to ask...Read More
Whether your practice is collecting $100,000 per year or $10 million per year, you can always use a little more money. Whether putting it away for your retirement or paying for your kids’ college education, some extra dough always comes in handy. The best way to get more money in your practice is to grow your practice. But how do you do that? Here are a few suggestions:
PPOs –...Read More
Some dental practice owners own the building where their practice is located. The longer the doctor has owned the practice, the more equity they may have in the building. They also are paying themselves a high rent for tax planning purposes. One of the questions we get asked when a dentist is considering selling their practice is, “Should I also sell my building?”
One thing to...Read More
By Steve Kikikis
Today we address a question we hear frequently from veterinarians: If you are at a point in your career where you have paid off your school and initial practice loans, and are tired of paying your landlord’s mortgage payments for him or her, then now is one of the best times to purchase real estate as an owner-user.
As everyone knows, we are in the midst of a good economy....Read More
By Steve Kikikis
Today we address a question we hear frequently from dentists: If you are at a point in your career where you have paid off your school and initial practice loans, and are tired of paying your landlord’s mortgage payments for him or her, then now is one of the best times to purchase real estate as an owner-user.
As everyone knows, we are in the midst of a good economy....Read More
By Jim Vander Mey, CPA, ABI and Rod Johnston, MBA, CMA
Every potential practice owner comes to a crossroad where they ask themselves, “Should I buy an existing practice, or should I just go start up a new practice at a new location?” We typically suggest you find a good existing practice to purchase, but if you cannot find one that fits your needs and desires, then the...Read More
By Jim Vander Mey, CPA, ABI and Rod Johnston, MBA, CMA
Every potential practice owner comes to a crossroad where they ask themselves, “Should I buy an existing practice, or should I just go start up a new practice at a new location?” We typically suggest you find a good existing practice to purchase, but if you cannot find one that fits your needs and desires, then the...Read More
Every potential practice owner comes to a crossroad where they ask themselves, “Should I buy an existing practice, or should I just go start up a new practice at a new location?” We typically suggest you find a good existing practice to purchase, but if you cannot find one that fits your needs and desires, then the alternative is to start one from scratch. There are pros...Read More
By Jim Vander Mey, CPA, ABI and Rod Johnston, MBA, CMA
Happy New Year! Is this the year you finally take the plunge and buy your own practice? Or are you content with being an associate working for someone else? Here are a few reasons why 2019 should be the year you become a practice owner:
Interest rates are starting to move up. The past few years have rewarded buyers with interest rates...Read More
