Your first practice should be profitable for at least 2 years before even thinking of opening a second location. You also need to consider whether a bank would give you a loan in such a short amount of time. In some cases, we have seen startups that made a million dollars the first year. If that’s you, then we can walk into a bank and get your loan for the second practice right away. Keep in mind, the bank won’t treat the second practice as a startup even if it is a startup, they treat it as an expansion. Therefore, they will look at that cash flow of practice number one before any decisions are made to finance a second, third or fourth location. That’s why the second location is usually the most difficult to start up for new business owners.