How We Can Help

Buyer Representation – Negotiations – Transaction Facilitation – Financial Assistance
 

How We Can Help You Buy a Veterinary Practice

Simmons provides expert guidance and services for buyers:

  • Practice valuation and market analysis
  • Negotiations
  • Sample sales contracts and letters of intent
  • Expertise as the nation’s largest and most experienced brokerage firm (since 1977)
  • Relationships with leading lenders who understand the veterinary profession

A Simmons advisor can help you find the opportunity that is best for you. To get started, contact your regional Simmons advisor today.

We can provide guidance and assistance in any practice purchase situation:

Buying a practice listed with Simmons Inc.

If you want to purchase a practice currently listed with Simmons, we can help. We are under contract with and paid by the seller to sell the practice, and part of that job is to assist the buyer through the entire process. Buyer services when purchasing a practice listed through Simmons are at no cost to the buyer, including:
 

  • Providing practice information and a net cash-flow analysis
  • An “affordability” analysis with your needs in mind
  • Assisting you in obtaining financing from a preferred veterinary-friendly lender
  • Sample contracts for attorney review and modification
  • Attorney, CPA, insurance, and lender referrals
  • Aid in structuring the transaction (allocations, terms, non-competes, etc.)
  • An experienced “sounding board” for your questions and concerns
  • Working with the closing agent to keep everything moving forward
  • Providing a closing checklist so details can be addressed
  • Assistance with the new-owner transition
  • Expert advice from negotiations to closing

Buyer Representation: Buying a practice NOT listed with Simmons Inc.

We can represent you and your best interests when buying a practice. We will act as the mediator between you and the seller. Representation includes:
 

  • A practice valuation (fair market analysis)
  • Practice locator assistance to help you find the right practice for you
  • An “affordability” analysis specific to your needs
  • Negotiations between you and the seller and/or his or her advisors
  • An experienced “sounding board” for your questions and concerns
  • Assisting you in obtaining financing from a preferred veterinary-friendly lender
  • Contract templates for attorney review and modification
  • Attorney, CPA, insurance, and lender referrals
  • Aid in structuring the transaction (price, allocations, terms, non-competes, etc.)
  • Expert advice from negotiations to closing
  • Working with the closing agent

Facilitation: Both the buyer and seller want assistance

As a facilitator, we assist both you and the owner through the steps of the practice sale, with both sharing the cost. Facilitation typically involves associate veterinarians who are buying all or part of the practice from the current owner. Facilitation services include:
 

  • A practice valuation (fair market analysis) unless the price has already been set
  • Negotiating details between the buyer and seller
  • Contract templates for attorney review and modification
  • Assistance in obtaining financing from a preferred veterinary-friendly lender
  • Aid in structuring the transaction (price, allocations, terms, non-competes, etc.)
  • Attorney, CPA, insurance, and lender referrals
  • Expert advice from negotiations to closing
  • Working with the closing agent

Practice Valuation

A practice valuation gives a fair market value of the practice and includes a detailed, clear, and precise report, including an explanation of our valuation methods. The practice appraisal is a vital instrument that you can provide to the owner to support your offer. The valuation can provide a second opinion on the seller’s appraisal or requested selling price, or can help the buyer determine a fair offer if the owner has not set a price.

“Knowledgeable, experienced, and honest. Told me up front what to expect and why. Highly recommend!”
~ J. Jones, DVM

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