As the market shifts to higher interest rates in all aspects of purchasing, be aware of how it affects you as buyer. Specifically when purchasing a veterinary clinic; there are
Broker Tip – Rising Interest Rates
Category: Buyer FAQ
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
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
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
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
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
Are You Bankable?
The lending market for veterinarians is ever-evolving, with new banks and lenders looking to enter the market to assist veterinarians with their practice financing needs. In today’s lending environment veterinarians
Questions That Come Up at Closing
Seller’s Note When selling a veterinary practice, the seller can expect to receive 100% of the negotiated price of the practice at closing. The lenders will also loan up to
The Difference Between an Associate Buy-In and Buy-Out
An Associate Buy-In is selling a portion of the practice to a current associate. This process has unique tax ramifications, distributing responsibilities, future buy-in options, and financing issues. Total Practice
Broker Tip of the Month – July 2018
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