Total Practice Solutions Group

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Broker Tip of the Month – July 2018

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.

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Posted on by KurtLiljeberg in Buyer Articles, Buyer FAQ Leave a comment






Broker Tip of the Month – January 2018

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.

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Posted on by KurtLiljeberg in Seller Articles, Seller FAQ Leave a comment



Broker Tip of the Month – November 2017

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.

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Posted on by KurtLiljeberg in Business Valuation, Seller Articles, Seller FAQ Leave a comment



Broker Tip of the Month – September 2017

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. Financial statements should go back three or more years to determine growth patterns, but most important; is to show growth even after your practice is listed on the market.

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Posted on by KurtLiljeberg in Business Valuation, Seller Articles, Seller FAQ Leave a comment