Total Practice Solutions Group
If you are in the market to buy a Veterinary Practice, it is important to understand that we have a very active market right now. Good practices sell fast. You should be prepared to move quickly on opportunities that fit your ideal practice. It is a good idea to stay in close contact with the TPSG Broker in the area you are looking, so that you might get 1st mover advantage on opportunities that are coming to market.
<As a buyer, or a seller, it is smart to keep abreast of the practices for sale in your market area. TPSGβs new website feature for Buyer Notifications delivers a summary of new listings to your email every week. Sign up at: http://www.tpsgsales.com/subscribe/
<August 15, 2017 in Buyer Articles, News, Seller Articles Leave a comment
It is important to remember the capitalization rate is at the discretion of the evaluator. Important factors that determine oneβs 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.
<July 18, 2017 in Business Valuation, Buyer Articles, Buyer FAQ, Seller Articles, Seller FAQ Leave a comment
Practice Buyers, like real estate buyers, should contact practice brokers in the target market to be included on the priority buyer list, so they might have a first chance to see new listings, even before they have made the public advertisements.
<A non-compete agreement from the Seller to Buyer is always an important part of the Asset Purchase Agreement. Without this non-compete component in the agreement, the value or salability of the goodwill is greatly diminished or reduced.
<February 15, 2017 in Buyer Articles, Buyer FAQ, Seller Articles, Seller FAQ Leave a comment
When selling a practice, it is important to prequalify your buyer. Not only does the practice need to be able to service the debt, your buyer needs to be financeable.
<November 15, 2016 in Buyer Articles, Buyer FAQ, Seller Articles, Seller FAQ Leave a comment
Having a professional valuation done at least every three years lets you know its current value and what could be done to enhance its value. Three years is also a good length of time to start planning ahead for your exit strategy.
<April 15, 2016 in Buyer Articles Comments Off on Broker Tip of the Month – April 2016
Preparing to sell a practice, includes improved management, if needed, beginning two (2) to three (3) years presale, to possibly raise value by tens of thousands of dollars in some cases. To confirm the need, get a practice valuation soon.
<March 15, 2016 in Buyer Articles Comments Off on Broker Tip of the Month – March 2016
Profitable practices are well managed practices. The two big expenses you must manage successfully are COGS and staff expenses. Strive to have COGS at 20% of gross and staff expense at 18-22% of gross. A practice with these percent expenses will cash flow close to 40% of gross and will bring 80-90% of gross at buying viagra online time of sale.
<March 15, 2016 in Buyer Articles Comments Off on Broker Tip of the Month – June 2016
There are standard Landlord waivers and consents required by Lenders when a buyer purchases a Practice in a lease space that require the Landlord to subordinate certain assets to the Lender. If you are the seller it is wise to be sure the Landlord is willing to execute these documents fairly early in the process.
<February 15, 2016 in Buyer Articles Comments Off on Broker Tip of the Month – February 2016