Results for "Business Valuation"
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 Staff. We will look at each of these individually to… Read More
A veterinary practice must be ever-changing if it’s going to keep pace with client expectations. This applies to both medical technology – which must include, at the very least, the basics of an in-house laboratory and digital radiology for medical… Read More
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. Tip by Dr. Kurt Liljeberg.
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 it make sense economically? In response to this question, your… Read More
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 is also a good length of time to start planning… Read More
If you are considering selling your practice, but leasing the Real Estate to the buyer of the practice, it is important to determine what liens the Mortgage holder (if there is one) has on the practice. It is not uncommon… Read More
If you are looking to sell your practice or obtain a practice valuation in early 2019, send all your financial information to your CPA as early as you can so your business tax returns can be completed as soon as… Read More
If you are considering selling your practice within three years, seek advice from a professional sales broker before purchasing or leasing any new equipment. Tip by Dr. Len Jones
The best time to improve the value of your practice is now. Keep good financial records, report all of your income to maximize the value of your practice, keep your office and equipment well maintained, and continue to grow your… Read More