Strategic Planning for Practice Ownership and Retirement
Linda was concerned about the financial viability of Dr. Miller's planned $850,000 acquisition of a veterinary practice, given fluctuating market conditions and Dr. Miller's specialization in avian care, a niche market. Linda also faced challenges related to her own approaching partnership buyout, including managing $1.5M in deferred compensation and ensuring the estate plan accounted for her blended family.
We utilized Golden Door Asset's Cap Rate Calculator to assess the potential return on investment for the veterinary practice. After inputting the projected net operating income ($150,000) and the purchase price ($850,000), the calculator showed a cap rate of approximately 17.6%. This, coupled with projected growth from expanded services (exotics) convinced the team to move forward. We then used the Debt Service Coverage Ratio Calculator to determine the practice's ability to service debt, ensuring a comfortable margin before committing to financing.
The Cap Rate Calculator and Debt Service Coverage Ratio Calculator allowed for a quick but robust analysis of the investment's potential. The integration allowed for real-time sensitivity analysis by toggling variables. No third party API was used.
$17,000 increase in Linda's annual trust income, alongside mitigated risk for her client's acquisition, as a direct result of the analysis performed with Golden Door Asset's tools.
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