Demographics and trade area analysis involve describing a location, and the consumers, in an effort to identify successful siting of a veterinary practice.
Veterinary Best Practice is one of only a very small number of firms who conduct demographic analysis exclusively for the veterinary industry.
Are you considering opening your own practice or expanding to another location? There are so many things to consider and your biggest decision will be the location of that practice. If you select the wrong site your business will struggle.
In the sale of an existing practice, the owner almost always has a broker representing them. But that's not often the case when you're the buyer. You need someone on your side, too. We help you to evaluate the operational aspects of the practice you are considering, including revenue potential, client base and staff. Sometimes a seller's perception of their business is seen through those rose colored glasses. We support you, as the potential buyer, to evaluate the information you are given about the practice. (Note: we do not get involved in valuations or sales but can refer you to excellent resources in the industry.)
Is your practice generating as much revenue as it can, or should be, for the location and the competitive environment? Are you earning your "fair share" of the available veterinary revenue? We help you determine if you are getting your fair share or if you're under-producing and provide marketing and consumer information for you.
We help you get the most of the biggest financial decision and investment of your life. Call us about a demographic/trade area analysis: