There are many advantages to owning a veterinary practice. For example, as a veterinary practice owner, you can set your own hours, be your own boss, and determine the direction of your business. Fortunately, there are many options available to those interested in practice ownership. One such option is to start a veterinary practice from scratch—and this includes constructing a brand-new building to house your practice. In this article, we discuss how to build a veterinary clinic from the ground up.
Analyze the Cost
When it comes to building your own veterinary clinic, cost is an important factor. Therefore, the first thing you must do when building your own practice is analyze the cost. Veterinary clinics are often expensive to construct when compared with other types of commercial projects. Therefore, it is imperative that you understand the projected costs of your project at the onset and take the time to determine what you can afford to build.
Choose a Realtor
After determining the cost of your project, you should work with a reputable realtor to locate a good site for your clinic. In addition to choosing a site that you can afford, you should choose a location that will allow your business to thrive. A good realtor, particularly one who is experienced in commercial matters, should be able to help you locate a property that checks both boxes.
Obtain Financing
If you are like most people, you’ll need to take out one or more loans to help you finance your business. If you don’t have much experience in this area, your realtor should be able to provide you with information on where to seek financing for your project.
Design Your Building and Space
After choosing a location and obtaining financing, you’ll be ready to begin designing the building that will house your practice. And unless you were an architect or contractor in your previous career, you’ll probably need some help in this area. Regarding the design and construction of the building itself, you should work with a reputable contractor. Again, if you have an experienced commercial realtor, he or she should be able to provide you with contractor recommendations.
In addition, after the building is constructed, you may want to hire an interior designer to help you decorate the inside of your practice. Although this may seem unnecessary, the atmosphere of your office can go a long way in attracting and retaining new clientele, so you shouldn’t overlook this aspect of building a practice.
Contact Our Experienced Veterinary Attorneys
As a veterinarian, owning your own practice is one of the most rewarding things you can do. However, to succeed as a veterinary practice owner, you need the right team, and part of this team should include an experienced veterinary attorney. At Mahan Law, we are dedicated to helping veterinary practices succeed. From helping you get your practice up and running, to defending you against litigation threats, we are here to help you succeed in the veterinary industry. Please contact us to schedule a free initial consultation.