Every veterinary property is unique, and Terravet can provide the financing to help your practice reach its full potential.
Upon selling a practice, many veterinarians continue to own the property and lease it back to the new practice owner. While this can be a great way to maintain a reliable revenue stream, many veterinarians don’t fully appreciate how the terms of their lease can impact their property’s value and revenue stream.
Negotiating a market lease agreement requires more than relying on an appraisal or market rent comps. Knowledge of acceptable lease terms, guarantor language, assignment rights, and landlord responsibilities is key to preserving long-term value and your peace of mind–now and in the future.
There are many reasons to renovate or expand your property to improve your practice capabilities. At Terravet, we have the ability to acquire your building at 100% of the value while adding investment capital to renovate or expand your practice.
This allows you to maintain full control of your practice and have the cash on hand to do what you’d like. We can even agree in a lease to pay for your renovations up front, financing the renovations by basing your rent on the negotiated amount.
Sometimes, the best way to improve your practice is to move to a new location. Terravet works with many veterinary operators who don’t own their real estate, helping them acquire a building in a new location, then spreading out the costs over the life of a long-term lease agreement. You realize all of the benefits of expanding your business without the difficult up-front expenses.