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Broker Tip of the Month – August 2019
Be careful when entering into long term equipment leases before putting your practice up for sale. They can lower your cash flow and be a financial burden to your buyer. Tip by Dr. Kurt Liljeberg.
Eight Myths Surrounding the Buying and Selling of a Veterinary Practice
As we talk to buyers and sellers, we continually clear up misconceptions around the buying and selling of veterinary practices. In this short article we tackle four buyer-side and four seller-side myths surrounding the practice transition process and provide our… Read More
Giving Your Veterinary Facility A Facelift – What Should Your Priorities Be?
In preparing for an exit strategy for selling your business and Real Estate, we at TPSG, are commonly asked the question, “Should I do a facelift on the facility?” Does it make sense economically? In response to this question, your… Read More
Broker Tip of the Month – July 2019
Get regular valuations. Having a professional valuation done at least every three years lets you know your practice’s current value and what could be done to enhance it. Three years is also a good length of time to start planning… Read More
Is Your Veterinary Practice a Corporate Consolidator Candidate?
In the growing community of corporate veterinary hospitals we often get asked what they are looking for in acquisitions. Many of these entities are targeting practices with a specific EBITDA, which stands for earnings before interest, taxes, depreciation, and amortization.… Read More
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Seller Articles
Broker Tip of the Month – June 2019
Use a broker even if you have buyers because some corporations are looking for smaller practices. Using a broker will get you more than the original offer. Tip by Dr. Karl Salzsieder, Mr. Rex Salzsieder and Mr. Nick Elliston
Owning a Marketable Practice
In this article, we are highlighting the most critical factors that make a practice stand out from all the rest. Undoubtedly, the number one factor that drives the sale of your practice is the location. A practice sale, like… Read More
Broker Tip of the Month – May 2019
Every day veterinarians sell to corporate buyers with sales prices over one year’s gross, however, using a professional consultant or a TPSG Broker can result in a sales price of $250,000 or more over the original corporate offer. This can… Read More
Broker Tip of The Month – April 2019
When selling your practice, the Accounts Receivable (AR) can be an issue. As a rule, AR goes with the practice. If you have a high AR, try to reduce the amount prior to selling your practice in order for a… Read More
Broker Tip of the Month – March 2019
If you are considering selling your practice, but leasing the Real Estate to the buyer of the practice, it is important to determine what liens the Mortgage holder (if there is one) has on the practice. It is not uncommon… Read More