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Results for "Buyer FAQ"
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 who are best prepared will receive the best financing available.… Read More
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 80% of the negotiated/appraised real estate price, which typically leaves… Read More
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 Solutions Group (TPSG) has the experience and knowledge to navigate… Read More
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 should be prepared to move quickly on opportunities that fit… Read More
Broker Tip of the Month – July 2017
It is important to remember the capitalization rate is at the discretion of the evaluator. Important factors that determine one’s rate are location, growth of revenue stream, ability to transfer goodwill and demographics. Lower capitalization rates indicate greater risk to… Read More
Broker Tip of the Month – May 2017
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… Read More
Broker Tip of the Month – February 2017
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.
Broker Tip of the Month – November 2016
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.