Total Practice Solutions Group
Many sellers today are being contacted directly by corporate buyers. They are getting very good offers above what most non-corporate buyers could offer. When receiving offers from corporate buyers, it is best to get a broker to help negotiate the sale. Almost every corporate sale we have been a part of, we have received higher offers for the seller, in excess of any broker fees.
<September 17, 2018 in Seller Articles, Seller FAQ Leave a comment
If you are considering selling your practice within three years, seek advice from a professional sales broker before purchasing or leasing any new equipment.
<August 15, 2018 in Business Valuation, Seller Articles, Seller FAQ Leave a comment
If you are in the market to buy a Veterinary Practice, it is important to understand that we have a very active market right now. Good practices sell fast. You should be prepared to move quickly on opportunities that fit your ideal practice. It is a good idea to stay in close contact with the TPSG Broker in the area you are looking, so that you might get 1st mover advantage on opportunities that are coming to market.
<The best time to improve the value of your practice is now. Keep good financial records, report all of your income to maximize the value of your practice, keep your office and equipment well maintained, and continue to grow your practice. It is very important to continue to show growth even after your practice is listed on the market.
<June 14, 2018 in Business Valuation, Seller Articles, Seller FAQ Leave a comment
TPSGβs solid relationships with practice and real estate lenders, as well as our experience and understanding of the veterinary practice industry, strengthens your chances of obtaining 80-100% of purchase price of the practice asset and 85% of the cost of the real estate from the lenders.
<Price is only one component of a practice sale. The second component is terms. Terms can make or break a sale. How much cash up front? How long do you stay after the sale? What are the real estate purchase orΒ lease terms? Call us to review your current offers.
<April 16, 2018 in Seller Articles, Seller FAQ Leave a comment
Do not comingle personal expenses with practice finances when contemplating a sale.
<March 14, 2018 in Business Valuation, Seller FAQ Leave a comment
Practice sales, even to corporations, are negotiable transactions. Commonly brokers are able to obtain a higher sale price offer, even from corporations. A broker may explain an increased earnings calculation and/or obtain multiple offers from several corporate buyers. This allows the seller to pick the highest bid offer, if they choose. Some corporations have a specific need for a specific practice location and are willing to pay more for it.
<January 15, 2018 in Seller Articles, Seller FAQ Leave a comment
Many Sellers are being approached by Corporate Buyers and should have a professional, such as a Broker, to guide them through the process. The Brokers at TPSG are experts in dealing with these companies and are available to assist you.
<December 18, 2017 in Seller Articles, Seller FAQ Leave a comment
Be sure when entering into new agreements for equipment, that you understand clearly if it is a true lease of the equipment, a rental of the equipment or a product usage agreement. The terms of these agreements and the payoffs, should you decide to sell your practice prior to the end of the agreement, are vastly different. Not being fully aware of how these agreements work can cost you tens of thousands of dollars at the closing table.
<November 15, 2017 in Business Valuation, Seller Articles, Seller FAQ Leave a comment