For some vets, working for someone else was never enough and the ambition to own their own practice is compelling.

The freedom, the autonomy, the flexibility, the financial reward - whatever your motives - owning your own practice can be an ideal way for some professionals to do what they love and build for their future prosperity.  

There are a number of routes to achieving this goal:

  1. Buy into an existing practice whilst working there as an employee
  2. Start a practice from scratch on your own
  3. Invest with a branded partner and become a Joint Venture Partner

 

Buying In

Medicus has worked in the Vet sector for over 10 years.  We are a knowledgeable and trusted partner for many of our clients.  These relationships give us the platform to introduce you to potential businesses that are seeking additional partners.  

Whether it's because the existing owners want to expand and open addtional practices, or they are creating an exit strategy for their own retirements, we are able to introduce you to clients that are interested in discussing external investment in exchange for part ownership.

 

Start From Scratch

This option usually takes the longest and will invole a greater share of your time, taking you away from being a Vet.  You'll need to research locations, sites, competition, finance options, licences and put together a business plan for your bankers.  Most Vets have limited experience of these tasks and taking them on can be time consuming and worrying.  

Once it's done and your business is ready to go, you'll have acheived a great deal but the work doesn't stop there. You'll need to work extra hard and extra hours to make sure your fledgling business becomes established quickly and doesn't falter in it's opening months.  More new businesses, of any kind, fail in their first year in the UK than at any other time in their history.  

It's hard work, but very rewarding and you'll have achieved something great once you are up & running.

 

Joint Venture Partnering

There are a number of branded Vet businesses in the UK who's business model is based on expanding their commercial footprints and market share by increasing the density of practices.  Trading under the same name, all "franchise" type practices benefit from the name awareness and familiarity that exists between them.

Becoming a joint venture partner enables you, as a Vet Surgeon or Vet Nurse, to own your own practice whilst pulling in the expertise of dozens of people who have a proven track record and experience of establishing, marketing & launching new practices.  

 

The outline of the JVP arrangement is:

 

  • You'll make a personal investment.
  • You leverage existing financial arrangements with your chosen partner to secure development finance.
  • You own the practice, usually paying royalties to your partner from your turnover.
  • You help in the planning.
  • You recruit your own colleagues.
  • You take the profits of your business once the start-up costs are repaid.
  • The quicker you become profitable, the quicker you can grow and potentially open your second practice from the profits of the first.

 

Medicus has relationships with all the UK providers and we'll be able to assist you with initial JVP discussions.

Current locations available for partnerships (at April 2017)

Bedlington, Northumberland
Bedminster, Northumberland
Bishop Auckland, County Durham
Bodmin, Cornwall
Bognor Regis, West Sussex
Boston, Lincolnshire
Bradford, West Yorkshire
Coalville, Derbyshire
Corby, Northants
Craigavon, Northern Ireland
Daventry, Northants
Dundee, Scotland
Falkirk, Scotland
Feltham, Surrey
Gillingham, Kent
Hartlepool, Co Durham
Hatfield, Hertfordshire
High Wycombe, Bucks
inverness, Scotland
Leamington Spa, Warwickshire
Leigh, Greater Manchester
Macclesfield, Greater Manchester
Maldon, Essex
Merthyr Tydfil, Wales
Northallerton, North Yorkshire
Nuneaton, Warwickshire
Prescot, Merseyside
Rhyl, North Wales
Rushden, Northants
Salford, Greater Manchester
Sheffield, South Yorkshire
Slough, Berkshire
Speke, Merseyside
Uckfield, Sussex
Wakefield, West Yorkshire
Washington, Tyne & Wear
West Bromwich, West Midlands
Carmarthen, Wales

For more information on JVP & Practice Ownership, feel free to call for an informal chat.


 

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Frequent Questions

Does Medicus help with the recruitment of vet and vet nurses from outside the UK?

A:Yes, Medicus is actively engaged in placing well qualified and competent vets and vet nurses in positions with clients across the UK.  Usually, clients will require comfirmation of your abilities including references and copies of certificates of competence.

How do I register with Medicus for locum work?

A:You can register using the standard registration form here or you can call us on 01926 356356.  Typically, each locum requirement is also distributed to our Job Alert subscribers first to give them a headstart on all locum requirements available. Additionally, we advertise all current locum requirements via our website and elsewhere.

How much does it cost to find work through Medicus?

A:Medicus provides all it's services to registered Job Seekers completely free of any charge. (it's illiegal in the UK to charge job seekers to find them work).  Medicus charges our clients a fee to provide them with locum or permanent staff, usually on a success only basis.

I'm looking for a locum vet for next week - can you help?

A:Medicus is very active in the UK locum marketplace.  At the start of January 2017, we have 557 active locum vets and 230 active locum nurses. Many of them are booked up solidly and have limited availability to do extra work.  It's very difficult for us to give any client an accurate answer as to whether we can provide a locum for specific dates until we have "worked" the requirement.  Generally, the more notice you give us, the more likely it is we can find someone for your practice.

If I hire someone through you and it doesn't work out - do I get my money back?

A:Medicus provides a rebate and replacement scheme for all clients.  This enables our clients to grow and develop their businesses with staff surety that if it doesn't work out with a particular recruit, we will put it right.  We work very closely with you to make sure that you are interviewing appropriately qualified and motivated candidates.

What are your fees?

A:Medicus usually charges success only fees dependent on the appointed candidate's starting salary. For locum placements, we charge a daily administration fee for each day the locum works at the client site. We'll make sure you are fully aware of our charges before we start working on your requirement.