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.
Category: Seller Articles
Broker Tip of the Month – October 2016
Practice sale value and buyer financing may be decreased or denied, if practice tax returns include non-veterinary expenses. Buyers and banks are reluctant to rely on tax returns that have
Broker Tip of the Month – September 2016
If you are considering selling your practice in the next 3-5 years, be cautious about entering into vendor inducement contracts that lock you into minimum purchase levels or minimum laboratory
Broker Tip of the Month – August 2016
A well maintained facility is very important when getting ready to sell your practice. Buyers today expect a “clean” well maintained facility. It is recommended to periodically evaluate your facilities
Broker Tip of the Month – July 2016
The question asked is: Should I spend money on new equipment to sell my practice? The answer is: Equipment does not sell a practice. Location and cash flow (or profitability)
Broker Tip of the Month – May 2016
In 85% of the practices TPSG has taken to the open market, the staff is not aware of the sale.