Dick Goebel, DVM – Simmons Great Lakes Click here for PDF — Measuring Demand for Veterinary Services This article was originally posted on www.simmonsinc.com. Any reproduction on any other site is prohibited and a violation of copyright laws.
David B. Gerber, DVM, BA Simmons Northwest Larry McCormick, DVM, MBA, CBA Simmons Mid-Atlantic – Is My Veterinary Practice Worth One Year‘s Gross? Ever heard this before?? This is probably a brand new concept to everyone, especially those who graduated more than twenty years ago!! In the past, our profession routinely tried to tie practice […]
David B. Gerber, DVM, BA Simmons Northwest What is Profit? Profit is the amount of money remaining after paying all expenses for the practice. Those expenses include all of the normal operating expenses which includes a reasonable veterinary salary for the owner, management compensation for the owner, and fair rent on the facility if owned […]
Texas Veterinary Medical Association Dick Goebel, DVM – Simmons Great Lakes 2007 Click here for PDF — Mergers & Acquisitions: A Strategy for Growth or Exit This article was originally posted on www.simmonsinc.com. Any reproduction on any other site is prohibited and a violation of copyright laws.
Stanley R. Creighton, DVM, Diplomate, ACVIM, Internal Medicine CEO, National Veterinary Associates, Inc. And Dick Goebel, DVM President, Simmons Great Lakes Practice owners too often are focused on the day to day challenges of patient care, client service and staff management that they overlook factors affecting profitability and practice value. In this session, the authors […]
Doyle Watson, DVM, Simmons Southeast The Great Heartbreak! A practice is grossing say $1.2 mil, offers quality service and medicine, high single digit growth, primo demographics, all the toys—-the perfect veterinary practice! Except for one key ingredient—-After all the real and necessary annually recurring operating expenses, including professional staffing and management, there is very little […]
Question: How can Anyone Afford to Buy my $1,000,000 Veterinary Practice? Answer: Because it “Cash Flows” Doyle Watson, DVM, Simmons Southeast In a previous Advocate article (September, 07), we mentioned that a practice must “cash flow” before someone could afford to buy it or get it financed. We said it was the topic of another article. […]
Simmons Mid-Atlantic Larry F. McCormick, DVM, MBA David F. McCormick, MS Can you hold on to your real estate when you sell your practice? Certainly. However, in most situations, the buyer most likely will be able to afford BOTH the practice and real estate. There are two reasons for this. First, the practice will pay […]
We are continually impressed by the number of times we hear veterinary practice value being based upon some percentage of gross revenues. This concept is often suggested by some finance companies as well as veterinarians and even an occasional Accountant, but rarely by those who are familiar with business appraisal methodology. Take, for example, the […]
David Gerber, DVM, Simmons Northwest Strictly speaking, a veterinary practice’s value is a function of its profitability. It is profitability that determines the maximum amount for which a practice can sell and still satisfy the financial requirements of buyers and lenders. But there are other intangible qualities that make one practice more “valuable to buyers […]