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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
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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
Broker Tip of the Month – December 2019
When working with a corporate buyer, there are many things to consider other than sales price. Be sure to consult a professional like TPSG to secure a suitable long-term lease. The lease is a very important part of the overall… Read More
The Difference Between an Associate Buy-In and Buy-Out
An Associate Buy-In is selling a portion of the practice to a current associate. This process has unique tax ramifications, distributing responsibilities, future buy-in options, and financing issues. Total Practice Solutions Group (TPSG) has the experience and knowledge to navigate… Read More
Broker Tip of the Month – November 2019
As a Practice owner, when you lease equipment from a vendor, be aware that the vendor files a UCC document. This is just like a lien. When you pay these leases off it is important to ask the lease company… Read More
What is Affecting Your Veterinary Practice’s Profitability?
There are 4 major categories of expenses that are driving your veterinary practice’s bottom line. These are Cost of Goods, Cost of Staff, Cost of Occupancy, and Cost of Veterinary Staff. We will look at each of these individually to… Read More
Broker Tip of the Month – October 2019
Go Hybrid! Owners who qualify to sell corporate may not have to decide between a private or corporate buyer. With Hybrid Sales, associates can partner with the corporation. Tip by Dr. John Bryk and Dr. Bill Crank.