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Results for "Business Valuation"
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 Value, which is the amount a bank is willing to… Read More
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 above, you probably worked at a veterinary hospital during the… Read More
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 can be made to get the adequate net cash flow… Read More
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 profitability and growth. Attracting and keeping a qualified staff is… Read More
Categories
Business Valuation
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 over the basic terms used in Veterinary Financing. Interest Rate… Read More
Broker Tip – Simple And Clear Tax Returns
Owners anticipating a practice sale within three years need to have simple and clear tax returns, so the buyer does not see taxable income low from non-operating expenses. If low income is because the doctor included the farm, ranch, or… Read More
Broker Tip – Obtain Regular Professional Valuations
Owners should obtain 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… Read More
How Has the COVID-19 Pandemic Affected the Market for Veterinary Practices?
It is obvious that there is a lot of uncertainty right now regarding what the near future will look like, much less what things will look like a year or more down the road. It is also apparent that veterinary… Read More
Broker Tip – Cash Flows Based On Reasonable Work Hours
Total Practice Solutions Group (TPSG) cash flows practices so buyers only have to work 40-42 hours per week and no more. Working crazy long work weeks should not be a concern to inhibit buyers from purchasing a practice. Tip by… Read More
Selling Your Veterinary Practice: Preparing Your Exit Strategy
There are many items to consider when contemplating the sale of a veterinary practice. What price do I ask? Do I sell to the corporate or private sector? How do I tell my staff? If you’re thinking about selling… Read More