Changes in the market are occurring rapidly! Should you sell now or continue to grow your practice and sell in the future? Contact a TPSG representative for a free consultation.
Broker Tip – Market Changes
Category: Tip of the Month
Broker Tip – Accounts Receivable
If your practice is a corporate sale candidate, and you have a significant amount of Accounts Receivable (A/R), it is advisable to do your best to collect what you deem
Broker Tip – Lab Contracts
If you are thinking about an exit strategy in the next three to five years, be certain your lab contracts are not automatically renewed. If they do not expire, they
Broker Tip – Employee Retention Credit Program
If you own a veterinary practice with ten or more employees, it is worth your time to investigate the Employee Retention Credit program initiated in September of 2021 by the
Broker Tip – Changing Market Conditions
The high prices that corporate sales consolidators have been offering to practice owners are showing signs of waning. The private equity groups backing the consolidators not seeing the return on
Broker Tip – Importance of Associate Veterinarians
With the shortage of doctors in the veterinary sector, associates are more valuable than ever. Most corporate offers are contingent on having them sign an employment agreement. Whether it’s a
Broker Tip – Valuation Timing
As we start a new year and with tax season being right around the corner, TPSG recommends that all practice owners seek to have an updated valuation done by an
Broker Tip – Real Estate/Facility Fair Market Value Rent
If practice transition or future veterinary practice sale is part of your short-term plans, and you own the real estate/facility, please update your rent value, even if your accountant is
Broker Tip – Production Reporting Is Important
When considering selling your practice, tracking production is very important, even in a 1 DVM practice. Having at least three years of accurate production before listing your practice gives potential
Broker Tip – Factors To Consider When Selling Your Practice
The sales price is just one of many important factors to consider when selling your practice. Terms, stock options, partnerships, and earn-outs are equally as crucial. Tip by Dr. John Bryk and Dr.