It’s important to remember that a veterinary practice and the real estate that houses it are two separate assets. Upon the sale of a practice to a corporate group or a veterinarian, many veterinarians will elect to 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 do themselves a disservice by not understanding the value of their property before entering into a lease agreement with the new tenant.

Acquiring your first practice can be an exciting and daunting step. Many young veterinarians put off this step longer than necessary because of the substantial up-front costs. Terravet can assist in the process by purchasing the practice real estate alongside your purchase of a practice and defraying the costs over the life of a long-term lease agreement. With Terravet, you can realize your dream of practice ownership years ahead of schedule while reducing some of the burdensome up-front costs.

Do you own a practice that has outgrown your existing space? Sometimes finding a new location is what it takes for your business to achieve its full potential. Terravet can help by purchasing the building for your new location and spreading out the costs of the “fit-out” over the life of a long-term lease agreement. You can realize all of the benefits of expanding your business without the difficult up-front expenses.