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 – Preparing Early For Year End & The New Year
Category: Tip of the Month
Broker Tip – Importance of Good Credit Scores for Buyers
Good credit is critical for loan approval. Lenders use your credit score as the primary determining factor. Chronic debt is the biggest threat to your credit score. Contact TPSG for
Broker Tip – Managing Cost of Goods Sold (COGS) and Lay Help Payroll
The two largest expenses in a veterinary practice are Cost of Goods (COGS) and lay help/paraprofessional payroll. COGS includes drugs, supplies, and lab costs. We like to see COGS below
Broker Tip – Interest Rates Should Not Deter Buyers
BUYERS!!!!! Don’t let today’s interest rates hold you back from pursuing your dream of owning your own veterinary practice! Let us show you how to realize your dreams of 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
Broker Tip – Rising Interest Rates
As the market shifts to higher interest rates in all aspects of purchasing, be aware of how it affects you as buyer. Specifically when purchasing a veterinary clinic; there are
Broker Tip – Corporate Sales Market Update
Please be aware the corporation bubble has broken and corporate buyers are now lowering their multiples. Corporates are becoming more cautious on deals including deals being contingent on associates continuing