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10 Things to Know When Buying a Veterinary Practice
Total Practice Solutions Group® (TPSG) have been practice owners and understand the demands of veterinary medicine, as well as, practice ownership. We are part of a nationwide team providing not only brokerage services for sellers but also Valuations/Appraisals, Buyer Representation, and… Read More
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Buyer Articles
The Nuances of Veterinary Financing and Buyer Pre-Approval
With interest rates at an all-time low, it is a great time to buy a practice. In this article, I will explain what is expected of a buyer before their offer can be accepted to purchase a veterinary practice. 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 – Veterinary Practices Are Resilient
It is unfortunate that so many businesses have been negatively impacted by COVID-19 nationwide. However, we have realized how resilient our veterinary profession has been in most parts of the country. This resiliency reinforces TPSG’s position that buying the right… Read More
PPP Loans and Their Effect on a Veterinary Practice Sale
Veterinary Practice Sales and Practice buy-ins are affected by the COVID-19 government support Payroll Protection Plan practice loans. The government’s COVID-19 Payroll Protection Plan (PPP) loans (or possibly grants) have created questions for veterinary practice sellers and buyers that must… Read More
Broker Tip – Buying A Practice With Real Estate
Buying A Practice With Real Estate: Once the letter of intent is signed, the buyer is required to have a building inspection, a real estate appraisal, and based on the bank’s requirements, a Phase One Environmental Study. These inspections must… Read More
Veterinary Practice Ownership is Still a Good Decision Today
Buying a practice is still a smart move even during the COVID-19 pandemic. There are a few extra things to consider though. First, how have the practice restrictions set in place by the state’s Governor impacted practice revenue compared to… Read More
Broker Tip – Who Gets What At Closing
Who Gets What at Closing: At closing, the buyer will receive all practice equipment and a specified amount of inventory. The seller will keep the balances of all personal and business bank accounts. Accounts receivable handling is determined by the… Read More
Veterinary Practice Resilience and COVID-19
We are certainly experiencing events that no one could have ever predicted. Everyone in the entire country and the world has been affected by this terrible virus called COVID-19. There is still much to learn about COVID-19 and much speculation… 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