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 ...
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. ...
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 ...
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. ...
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 ...
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 ...
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, ...
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. ...