Blog

What is Affecting Your Veterinary Practice’s Profitability?

October 29, 2019
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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 ...

Broker Tip of the Month – October 2019

October 15, 2019
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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. ...

Is Your Veterinary Practice Client Services Technology Up-to-Date? 

September 30, 2019
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A veterinary practice must be ever-changing if it’s going to keep pace with client expectations. This applies to both medical technology – which must include, at the very least, the ...

Broker Tip of the Month – September 2019

September 12, 2019
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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 ...

Broker Tip of the Month – August 2019

August 14, 2019
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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. ...

Eight Myths Surrounding the Buying and Selling of a Veterinary Practice

August 13, 2019
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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 ...

Giving Your Veterinary Facility A Facelift – What Should Your Priorities Be?

July 31, 2019
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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 ...

Broker Tip of the Month – July 2019

July 16, 2019
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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 Your Veterinary Practice a Corporate Consolidator Candidate? 

June 26, 2019
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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, ...

Broker Tip of the Month – June 2019

June 13, 2019
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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. ...

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