Blog
Broker Tip of the Month – September 2019
Sellers should avoid huge inventory counts at closing. In a well-managed practice, there should be no more than two weeks supply of inventory. Next-day shipping and computer tracking software eliminate the need to stockpile three months of expensive medicines and… Read More
Broker Tip of the Month – August 2019
Be careful when entering into long term equipment leases before putting your practice up for sale. They can lower your cash flow and be a financial burden to your buyer. Tip by Dr. Kurt Liljeberg.
Eight Myths Surrounding the Buying and Selling of a Veterinary Practice
As we talk to buyers and sellers, we continually clear up misconceptions around the buying and selling of veterinary practices. In this short article we tackle four buyer-side and four seller-side myths surrounding the practice transition process and provide our… Read More
Giving Your Veterinary Facility A Facelift – What Should Your Priorities Be?
In preparing for an exit strategy for selling your business and Real Estate, we at TPSG, are commonly asked the question, “Should I do a facelift on the facility?” Does it make sense economically? In response to this question, your… Read More
Broker Tip of the Month – July 2019
Get regular valuations. Having a professional valuation done at least every three years lets you know your practice’s current value and what could be done to enhance it. Three years is also a good length of time to start planning… Read More
Is Your Veterinary Practice a Corporate Consolidator Candidate?
In the growing community of corporate veterinary hospitals we often get asked what they are looking for in acquisitions. Many of these entities are targeting practices with a specific EBITDA, which stands for earnings before interest, taxes, depreciation, and amortization.… Read More
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Seller Articles
Broker Tip of the Month – June 2019
Use a broker even if you have buyers because some corporations are looking for smaller practices. Using a broker will get you more than the original offer. Tip by Dr. Karl Salzsieder, Mr. Rex Salzsieder and Mr. Nick Elliston
Owning a Marketable Practice
In this article, we are highlighting the most critical factors that make a practice stand out from all the rest. Undoubtedly, the number one factor that drives the sale of your practice is the location. A practice sale, like… Read More
Broker Tip of the Month – May 2019
Every day veterinarians sell to corporate buyers with sales prices over one year’s gross, however, using a professional consultant or a TPSG Broker can result in a sales price of $250,000 or more over the original corporate offer. This can… Read More
16 Steps to Maximize Your Practice Value
We believe that making a conscious decision regarding the timing of selling your practice is much more effective than the “waking up one day and thinking ‘I’ve got to sell my Practice right now’” approach. So let’s look at those… Read More
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Buyer Articles