This scenario is for a medicine subspecialty.
They have refused to open their books to me until the time of partnership buy in and I'm struggling to get an accurate sense of estimated income. I'm not yet business minded and am struggling to get transparency on this issue and hoping that some of you have experience that can help shed light on the darkness.
For anonymity sake, let's assume my starting salary is 100k. At the end of a year, there is a practice and pathology buy in with the supposed ROI being months. The second buy in (For the ASC + Anesthesia) is available at the same time and the ROI is 2.5 – 3 years. After both buy ins, from all revenue streams, my income is likely to Double (At a minimum). The buy in for the ASC is 3x ebitda. And they've said I can deduce profit and loss by assuming a 50% overhead. Honestly, this means nothing means nothing to me but they indicate I have enough information with this to deduce what my income would be after everything. Business minded friends with experience, Given these factors, what would you assume my income to be after all is said and done?
To get ahead of any answers saying "Run, they should open the books for you", i'm already aware this is abnormal. But please humor me. This group has been endorsed professionally and personally by close friends and respected colleagues. It's just a giant leap of faith financially after all this time put into my training.
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