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.
<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