Blog
Preparing to sell a practice, includes improved management, if needed, beginning two (2) to three (3) years presale, to possibly raise value by tens of thousands of dollars in some ...
Profitable practices are well managed practices. The two big expenses you must manage successfully are COGS and staff expenses. Strive to have COGS at 20% of gross and staff expense ...
There are standard Landlord waivers and consents required by Lenders when a buyer purchases a Practice in a lease space that require the Landlord to subordinate certain assets to the ...
If you are planning on selling your practice in the next five years, be sure to seek advice on how leasing new equipment could affect your sale. Be sure to ...
The first step in selling a practice begins with a valuation of the business. In addition, a real estate appraisal should be done by a local appraiser certified in commercial ...
You think you are ready to sell your Practice and you wonder when to start getting prepared. Sellers should understand that it may take 2-3 years to position their Practice ...
What’s in my lease? Be careful before signing any equipment agreements: Equipment rental, software, ads, telephone and other service agreements can impact the sale of your practice and your net ...
A recent Veterinary Economics Career and Family Survey, in April 2015, found veterinarians’ top 10 regrets. The number 7 regret is the following: “I wish I’d become a practice owner ...
When selling a practice, it is important to qualify your buyers. What is their preferred location? How long have they been looking? How much after debt income do they want? ...
One of the biggest obstacles to overcome in closing a deal is when a buyer or seller becomes obnoxious and rants and raves to the other party. Don’t become petty ...