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Veterinary Practice Ownership is Still a Good Decision Today
Buying a practice is still a smart move even during the COVID-19 pandemic. There are a few extra things to consider though. First, how have the practice restrictions set in place by the state’s Governor impacted practice revenue compared to… Read More
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Buyer Articles
Broker Tip of the Month – May 2020
Who Gets What at Closing: At closing, the buyer will receive all practice equipment and a specified amount of inventory. The seller will keep the balances of all personal and business bank accounts. Accounts receivable handling is determined by the… Read More
Veterinary Practice Resilience and COVID-19
We are certainly experiencing events that no one could have ever predicted. Everyone in the entire country and the world has been affected by this terrible virus called COVID-19. There is still much to learn about COVID-19 and much speculation… Read More
Broker Tip of the Month – April 2020
Total Practice Solutions Group (TPSG) cash flows practices so buyers only have to work 40-42 hours per week and no more. Working crazy long work weeks should not be a concern to inhibit buyers from purchasing a practice. Tip by… Read More
The Due Diligence Process: What Should a Seller Expect?
Does the buyer of a veterinary practice have the right to know everything there is to know about your practice if you are selling it? The answer is “mostly, yes.” It is best to be prepared for a full disclosure… Read More
Broker Tip of the Month – March 2020
Consolidators are requiring sellers to replace their production prior to completing their employment terms. With a shortage of veterinarians, this can be a difficult task. Call your local TPSG representative to establish a plan for a quick exit. Tip by… Read More
Selling Your Veterinary Practice: Preparing Your Exit Strategy
There are many items to consider when contemplating the sale of a veterinary practice. What price do I ask? Do I sell to the corporate or private sector? How do I tell my staff? If you’re thinking about selling… Read More
Are You Bankable?
The Lending market for Veterinarians is ever-evolving, with new banks and lenders looking to enter the market to assist Veterinarians with their practice financing needs. In today’s lending environment Veterinarians who are best prepared will receive the best financing available.… Read More
Broker Tip of the Month – January 2020
Practice owners need to consult with a TPSG broker three to five years before they want to depart from working at the practice because more buyers (especially corporate buyers) want sellers to stay at least part time for two to… Read More
Questions That Come Up at Closing
Seller’s Note When selling a veterinary practice, the seller can expect to receive 100% of the negotiated price of the practice at closing. The lenders will also loan up to 80% of the negotiated/appraised real estate price, which typically leaves… Read More