How We Can Help You Buy a Veterinary Practice

Simmons provides practice valuation and market analysis, negotiations, sample sales contracts and letters of intent, expertise as the nation’s largest and most experienced brokerage firm, and relationships with leading lenders who understand the veterinary profession.   A Simmons advisor can you help you find your way and find the opportunity that is best for you. For more information contact your regional Simmons advisor today.

As a buyer, you can work with Simmons in the following ways:

Buying a practice listed with Simmons & Associates

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 can include (at no cost to the buyer because we represent the seller) but are not limited to:

•    Providing practice information and a net cash-flow analysis
•    An “Affordability” analysis with your needs in mind
•    Assisting you in obtaining financing from a Simmons & Associates preferred lender
•    Sample contracts for attorney review and modification
•    Attorney, CPA, insurance agents, 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

Buying a practice NOT listed with Simmons & Associates (buyer representation)

We can represent you and your best interests when buying a practice by evaluating the transaction and discussing the “Affordability” of a particular practice to determine if it satisfies your specific needs. We will act as the mediator between you and the seller. Representation includes but is not limited to:
•    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 through referrals to veterinary friendly lenders
•    Contract templates for attorney review and modification
•    Attorney, CPA, insurance agents, 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, when both the buyer and seller want assistance

As a facilitator, we would 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. The facilitator service includes but is not limited to:
•    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
•    Aid in structuring the transaction (price, allocations, terms, non-competes, etc.)
•    Attorney, CPA, 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 report. This valuation can help the buyer determine the price when the owner has not yet set a price, if you want a second opinion on the seller’s appraisal, or you want to validate a requested selling price set by the owner. Our clients have commented on the detailed, clear, and precise explanation of our valuation methods. When representing yourself, this is a vital instrument that you can provide to the owner to support your offer.

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