This is the time of year we all reflect on the past and get ready for a better financial future for 2024. As you start to receive your 2023 financials this
Category: Business Valuation
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
Broker Tip – Managing Cost of Goods Sold (COGS) and Lay Help Payroll
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
Broker Tip – Timing Is Everything
The corporate high purchasing price bubble is busting, so the quicker your sales broker works on your listing the better. Corporate Valuations peaked in the 4th quarter of 2021. So
Broker Tip – Valuation Timing
As we start a new year and with tax season being right around the corner, TPSG recommends that all practice owners seek to have an updated valuation done by an
Broker Tip – Why Do You Need A Valuation?
Why Do You Need A Valuation? A practice valuation determines Fair Market Value, the amount a buyer is willing to pay in the open market. A practice valuation determines Lending
Post-Pandemic Life for Veterinary Hospitals
Curbside service. An influx of people with more time on their hands to adopt new pets. Staff experiencing unheard-of levels of exhaustion. If you can relate to any of the
Broker Tip – Planning For Practice Sale
Doctors anticipating a career transition of a future practice sale should plan ahead by requesting a practice valuation at least three years before the sale, so if needed management improvements
How to Build Team Morale
Did you know that staff longevity can affect your practice valuation? When determining the value of a practice, the appraiser examines historical operation factors in conjunction with predictions of future
Understanding the Seller Notes Terminology in Veterinary Financing Deals
In the last article, Dr. John Bryk explained buyer loan pre–approval, and this month I will explain how Veterinary Financing utilizes Seller Notes. Before I begin, I want to go