It is obvious that there is a lot of uncertainty right now regarding what the near future will look like, much less what things will look like a year or
Category: Seller Articles
PPP Loans and Their Effect on a Veterinary Practice Sale
Veterinary Practice Sales and Practice buy-ins are affected by the COVID-19 government support Payroll Protection Plan practice loans. The government’s COVID-19 Payroll Protection Plan (PPP) loans (or possibly grants) have
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
Veterinary Practice Resilience and COVID-19
We are certainly experiencing events that no one could have ever predicted. Everyone in the entire country and the world has been affected by this terrible virus called COVID-19. There
The Due Diligence Process: What Should a Seller Expect?
Does the buyer of a veterinary practice have the right to know everything there is to know about your practice if you are selling it? The answer is “mostly, yes.”
Broker Tip of the Month – March 2020
Consolidators are requiring sellers to replace their production prior to completing their employment terms. With a shortage of veterinarians, this can be a difficult task. Call your local TPSG representative
Selling Your Veterinary Practice: Preparing Your Exit Strategy
There are many items to consider when contemplating the sale of a veterinary practice. What price do I ask? Do I sell to the corporate or private sector? How
Broker Tip – Corporate Buyers Ask For Seller To Stay On Past Sale
Practice owners need to consult with a TPSG broker three to five years before they want to depart from working at the practice because more buyers (especially corporate buyers) want
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