Do you run a veterinary practice? If so, you may wonder, “What is a good profit margin for a veterinary practice?” Total Practice Solutions Group specializes in maximizing a veterinary
Category: Blog
Risk Assessment When Acquiring a Veterinary Practice
Buying any business requires due diligence to ensure you know exactly what you’re purchasing and know the enterprise’s business, health, and safety risks. Risk assessments in veterinary practice are especially
Broker Tip – Exit Strategy Prep Tips
Whether your exit strategy is one or three years away, here are four tips to consider: Don’t renew or sign any agreements or leases! Some agreements are not transferable, and leases
Why Should I Buy a Veterinary Practice Rather Than Start One?
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?
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
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?
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
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
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
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