Blog

Why Should I Buy a Veterinary Practice Rather Than Start One?

June 26, 2023
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So, which is better: buying a veterinary practice or starting one? How much does it cost to start a veterinary practice? You’ll have a ton of factors to think about ...

Is A Joint Venture for You?

June 9, 2023
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When selling your practice to a Private Equity Corporation, you will be faced with a choice. Do you sell 100% ownership and become an employee or do you retain a ...

Broker Tip – Control Expenses & Maximize Practice Sale Value

June 4, 2023
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Practice value is mostly based on practice net cash flow or EBITDA. That number is determined by a broker valuation to exclude non-operating expenses and non-cash expenses. To increase practice ...

What’s the Difference Between Veterinary Practice Brokers and Advisors?

May 31, 2023
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Veterinarians know how to take care of animals, but the nature of their practice means that they may run into trouble when trying to sell their clinic. Veterinary practice brokers ...

The Benefits of Choosing a Broker Over an Advisor

May 30, 2023
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The Benefits of Choosing a Broker Over an Advisor When it comes to navigating the world of veterinary practice sales, it’s important to differentiate between practice brokers and practice advisors. ...

Ensuring a Healthy Credit Profile in 10 Easy Steps

May 11, 2023
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You’ve finally decided it’s time to start your own veterinary practice, and of course, you’ll need to secure financing. Let’s say you’re still in significant debt from your student loan. ...

Broker Tip – Importance of Good Credit Scores for Buyers

May 4, 2023
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Good credit is critical for loan approval. Lenders use your credit score as the primary determining factor. Chronic debt is the biggest threat to your credit score. Contact TPSG for ...

Is Owning a Vet Clinic Profitable?

May 3, 2023
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Owning one or more veterinary practices can be a profitable and rewarding venture. As with any other business, there are many questions to answer before making your decision. For instance, ...

Top 10 Myths of Buying and Selling Veterinary Practices

April 11, 2023
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Myth #1 “I heard my Practice should sell for the average of the last 5 years gross revenue.” This is an antiquated ballpark method that may have been used many ...

Broker Tip – Managing Cost of Goods Sold (COGS) and Lay Help Payroll

April 10, 2023
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The two largest expenses in a veterinary practice are Cost of Goods (COGS) and lay help/paraprofessional payroll. COGS includes drugs, supplies, and lab costs. We like to see COGS below ...

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