Blog
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
How the Pros Outweigh the Cons of Veterinary Practice Ownership
Many veterinarians who start to consider buying a veterinary practice hesitate because they worry that owning a practice will draw their focus too far away from veterinary medicine. While it is true that owning a practice requires a certain attention… Read More
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Buyer Articles
Broker Tip – Planning For Practice Sale
Doctors anticipating a career transition of a future practice sale should plan ahead by requesting a practice valuation at least three years before the sale, so if needed management improvements can be made to get the adequate net cash flow… Read More
Navigating the Maze of Corporate Veterinary Buyers
Navigating through the maze of corporate consolidator buyers can be a daunting task. There are a large number of consolidators and they are purchasing a large number of veterinary practices. Current estimates are that about 17% of the U.S. practices… Read More
Broker Tip – Negotiation Factors
When selling your practice there are several underlying factors to negotiate. Having a professional help you to recognize these factors and facilitate these decisions can greatly affect the bottom line (i.e. equipment leases, real estate sale/lease, stock options, etc.). Experience… Read More
How to Build Team Morale
Did you know that staff longevity can affect your practice valuation? When determining the value of a practice, the appraiser examines historical operation factors in conjunction with predictions of future profitability and growth. Attracting and keeping a qualified staff is… Read More
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Business Valuation