Category Archives: Business Valuation
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 for the Bank to have a blanket lien on all the assets, not just the building. This situation would prevent the buyer of the practice from obtaining a loan for the acquisition of the practice.
< Posted on March 19, 2019 by KurtLiljeberg
in Business Valuation, Seller Articles, Seller FAQ
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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 possible.
< Posted on December 17, 2018 by KurtLiljeberg
in Business Valuation, Seller Articles, Seller FAQ
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If you are considering selling your practice within three years, seek advice from a professional sales broker before purchasing or leasing any new equipment.
< Posted on August 15, 2018 by KurtLiljeberg
in Business Valuation, Seller Articles, Seller FAQ
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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 practice. It is very important to continue to show growth even after your practice is listed on the market.
< Posted on June 14, 2018 by KurtLiljeberg
in Business Valuation, Seller Articles, Seller FAQ
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Do not comingle personal expenses with practice finances when contemplating a sale.
< Posted on March 14, 2018 by KurtLiljeberg
in Business Valuation, Seller FAQ
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Be sure when entering into new agreements for equipment, that you understand clearly if it is a true lease of the equipment, a rental of the equipment or a product usage agreement. The terms of these agreements and the payoffs, should you decide to sell your practice prior to the end of the agreement, are vastly different. Not being fully aware of how these agreements work can cost you tens of thousands of dollars at the closing table.
< Posted on November 15, 2017 by KurtLiljeberg
in Business Valuation, Seller Articles, Seller FAQ
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TPSG’s solid relationships with practice and real estate lenders, as well as our experience and understanding of the veterinary practice industry, strengthens your chances of obtaining 80 to 100% of purchase price of the practice asset and 85% of the cost of the real estate from the lenders.
< Posted on October 17, 2017 by KurtLiljeberg
in Business Valuation, Seller Articles, Seller FAQ
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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 practice. Financial statements should go back three or more years to determine growth patterns, but most important; is to show growth even after your practice is listed on the market.
< Posted on September 15, 2017 by KurtLiljeberg
in Business Valuation, Seller Articles, Seller FAQ
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It is important to remember the capitalization rate is at the discretion of the evaluator. Important factors that determine one’s rate are location, growth of revenue stream, ability to transfer goodwill and demographics. Lower capitalization rates indicate greater risk to the investor while higher rates are associated with less risk.
< Posted on July 18, 2017 by KurtLiljeberg
in Business Valuation, Buyer Articles, Buyer FAQ, Seller Articles, Seller FAQ
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Sellers sometimes assume a sale should be a simple do it yourself project, but after a sale closing, they realize a broker valuation to maximize sale price and a broker’s experience to explain the ‘why’ regarding allocation for asset values being sold was needed. Asset closing allocations are commonly negotiation issues, requiring broker and tax professional help, not one side’s data.
< Posted on June 15, 2017 by KurtLiljeberg
in Business Valuation, Seller Articles, Seller FAQ
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