We all teach and preach on all the items you should do to maximize your Practice Value when getting ready to sell your practice. Here are some things you should
Tag: Selling a Veterinary Practice
How to Get Your Team in Place before Selling Your Veterinary Practice
If you are thinking of selling your practice in the next 3-5 years, now is the time to start the process! This will probably be the biggest asset you will
Understanding the Seller Notes Terminology in Veterinary Financing Deals
In the last article, Dr. John Bryk explained buyer loan pre–approval, and this month I will explain how Veterinary Financing utilizes Seller Notes. Before I begin, I want to go
How Has the COVID-19 Pandemic Affected the Market for Veterinary Practices?
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
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.”
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
Are You Bankable?
The lending market for veterinarians is ever-evolving, with new banks and lenders looking to enter the market to assist veterinarians with their practice financing needs. In today’s lending environment veterinarians
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
The Difference Between an Associate Buy-In and Buy-Out
An Associate Buy-In is selling a portion of the practice to a current associate. This process has unique tax ramifications, distributing responsibilities, future buy-in options, and financing issues. Total Practice