If you’re looking to buy or sell your pet hospital or veterinarian practice, you’re probably wondering, “Why are veterinarians going corporate?” Keep reading to discover an insider’s view on selling
Category: Seller Articles
Broker Tip – Things To Consider Before Signing a Letter of Intent (LOI)
There are many factors a seller must consider before signing a Letter of Intent (LOI). Price is important, but the seller must also be diligent in negotiating Employment Contracts, Lease
Broker Tip – Preparing Early For Year End & The New Year
If you are an owner, as you head into fourth quarter of 2023, we recommend you start now to make sure you are ready for a busy end of year
Broker Tip – Assigning Commercial Real Estate Leases When Selling Your Practice
It is prudent when signing leases for commercial real estate to pay particular attention to the terms surrounding the assignment of the lease and your continued liability as a Personal
Broker Tip – Exit Strategy Prep Tips
Whether your exit strategy is one or three years away, here are four tips to consider: Don’t renew or sign any agreements or leases! Some agreements are not transferable, and leases
Broker Tip – Control Expenses & Maximize Practice Sale Value
Practice value is mostly based on practice net cash flow or EBITDA. That number is determined by a broker valuation to exclude non-operating expenses and non-cash expenses. To increase practice
Broker Tip – Importance of Physical Plant
Many times owners that are considering selling are so focused on the financials and the numbers on the practice they forget to consider their physical plant. It is important, as
Broker Tip – Increasing Selectivity of Private Equity Buyers
The number of corporate buyers decreased in 2022. As a result, private equity buyers are very selective regarding the size and location of the practice and are paying decreased multiples.
Broker Tip – Corporate Offers Moving Away from 100% Cash At Close
In 2022, sellers will experience a change in corporate offers. Private equity companies see a severe problem replacing the seller’s income stream; therefore, 100% cash at closing is shifting to
Broker Tip – Changing Market Conditions and Value of an Experienced Broker
With the current veterinary practice market conditions and the decline of corporate consolidators, an experienced Broker is more valuable than ever. If you are considering selling in the future, please