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Results for "Buyer Articles"
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
Considering Practice Ownership in the Modern Market
Just like with home ownership, young veterinarians are walking into a completely different market than even the previous generation saw upon graduating from vet school. Nowadays, the ability to buy your own veterinary practice requires more than just the desire.… Read More
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Buyer Articles
How the Pros Outweigh the Cons of Veterinary Practice Ownership
Many veterinarians who start to consider buying a veterinary practice hesitate because they worry that owning a practice will draw their focus too far away from veterinary medicine. While it is true that owning a practice requires a certain attention… Read More
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Buyer Articles
Navigating the Maze of Corporate Veterinary Buyers
Navigating through the maze of corporate consolidator buyers can be a daunting task. There are a large number of consolidators and they are purchasing a large number of veterinary practices. Current estimates are that about 17% of the U.S. practices… Read More
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