41. Size matters: getting the size of your healthcare practice right from the start, with Stephen Strecker
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Show Notes
If you go too big, you’re locking yourself into an expensive lease that could limit your cash flow. If you go too small, you could stunt your growth and trap yourself in a space that feels tighter by the day. Healthcare providers face a crucial imperative to get it “just right” when they hunt for commercial real estate. And that’s certainly heightened by current market challenges, the impact of high-demand locations on success, and the balancing act of space versus budget. In this episode, we’re talking to Stephen Strecker, president and founder at Tower Realty Partners, who has helped hundreds of healthcare providers find real estate to open their first practice, purchase a building to relocate, or open a second practice. Together, we’ll discuss: Why choosing the right location is crucial for the success of a healthcare practice Factors healthcare providers should consider when searching for a location How the number of doctors, exam rooms, and treatment rooms creates a formula for the footprint of a practice How to consider the potential for future expansion when selecting a space The risks and benefits to both leasehold space and buying a building for a healthcare practice Are you ready to take the next step in scaling up your practice ownership dreams? Visit getprovide.com. Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.
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