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Broker Tip – Production Reporting Is Important
When considering selling your practice, tracking production is very important, even in a 1 DVM practice. Having at least three years of accurate production before listing your practice gives potential buyers confidence in considering your practice. Using your practice management… Read More
How Long Will It Take To Sell My Practice?
This is one of the most common questions we get as Brokers. The answer has a lot of variables, but is important for Doctors to plan for their exit from practice and their life after they sell. The variables are,… Read More
Broker Tip – Advice for Solo Doctors
It is important for Solo Doctor practice owners to know that current buyers in the market are mostly looking for 1.5 to 2 Doctor practices. As they develop their exit strategy they may need to consider expanding their practice to… Read More
Broker Tip – Factors To Consider When Selling Your Practice
The sales price is just one of many important factors to consider when selling your practice. Terms, stock options, partnerships, and earn-outs are equally as crucial. Tip by Dr. John Bryk and Dr. Bill Crank.
Broker Tip – Why Do You Need A Valuation?
Why Do You Need A Valuation? A practice valuation determines Fair Market Value, the amount a buyer is willing to pay in the open market. A practice valuation determines Lending Value, which is the amount a bank is willing to… Read More
Broker Tip – Equipment Leases
TPSG recommends that owners do not sign any new five year equipment leases if you are getting ready to put your practice on the market. The offer may be tempting but the buyer(s) may not want to assume the new… Read More
Considering Practice Ownership in the Modern Market
Just like with home ownership, young veterinarians are walking into a completely different market than even the previous generation saw upon graduating from vet school. Nowadays, the ability to buy your own veterinary practice requires more than just the desire.… Read More
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Buyer Articles
What “Not to Do” When Selling Your Practice
We all teach and preach on all the items you should do to maximize your Practice Value when getting ready to sell your practice. Here are some things you should not do when it is time to sell. Most veterinarians… Read More
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Seller Articles
Post-Pandemic Life for Veterinary Hospitals
Curbside service. An influx of people with more time on their hands to adopt new pets. Staff experiencing unheard-of levels of exhaustion. If you can relate to any of the above, you probably worked at a veterinary hospital during the… Read More
Broker Tip – Planning for Career Transition or Retirement
Doctors considering a career transition or retirement must plan 3-5 years ahead of time before selling their practice. This will allow time to make any required changes to increase profitability. If practice profitability is 12% EBITDA (earnings before interest, taxes,… Read More