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
Category: Buyer Articles
Broker Tip of the Month – March 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
Broker Tip of the Month – June 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
Broker Tip of the Month – February 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
Broker Tip of the Month – January 2016
If you are planning on selling your practice in the next five years, be sure to seek advice on how leasing new equipment could affect your sale. Be sure to
Broker Tip of the Month – Sep 2015
The first step in selling a practice begins with a valuation of the business. In addition, a real estate appraisal should be done by a local appraiser certified in commercial
Broker Tip of the Month – June 2015
You think you are ready to sell your Practice and you wonder when to start getting prepared. Sellers should understand that it may take 2-3 years to position their Practice
Broker Tip of the Month – July 2015
What’s in my lease? Be careful before signing any equipment agreements: Equipment rental, software, ads, telephone and other service agreements can impact the sale of your practice and your net
Broker Tip of the Month – Aug 2015
A recent Veterinary Economics Career and Family Survey, in April 2015, found veterinarians’ top 10 regrets. The number 7 regret is the following: “I wish I’d become a practice owner
Broker Tip of the Month – Oct 2015
When selling a practice, it is important to qualify your buyers. What is their preferred location? How long have they been looking? How much after debt income do they want?