How can Anyone Afford to Buy My $1,000,000 Veterinary Practice?

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. […]

Steps to Buying a Veterinary Practice

Identify a Property You can review properties listed on Simmons’ website and note the listing numbers of practices you would like to consider. You may then electronically submit the Confidentiality Agreement to the appropriate regional office which listed the practice, or you may contact us and we will send you the agreement by fax […]

Veterinary Practice Visit Checklist

Practice Visit Check List (PDF of Checklist) At Simmons we realize that a practice visit can be exciting and sometimes overwhelming. In order to make sure you get all you can out of your visit, we have compiled a checklist of items you will want to take note of while in the practice and the community. […]

Is My Practice Worth One Year’s Gross?

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 […]

Why Should I Buy A Veterinary Practice?

There is no greater personal satisfaction than to have a thriving business and know that you were responsible for its success. Besides setting the standards of care and level of client service you desire, the financial benefits of practice ownership can be significant. Being a practice owner means you will succeed or fail on your […]

Mergers: For the Practice at Risk

Richard A. Goebel, DVM, Simmons Great Lakes For the full transcript visit: Mergers For Practices At Risk As An Exit Strategy Trends Affecting the Practice Market While the balance between buyers and sellers seems to be in equilibrium at the moment, the next decade may reveal a different trend. The post-WWII population explosion, commonly referred […]

Avoiding Practice Purchase Pitfalls

David Gerber, DVM, Simmons Northwest For the entire transcript visit: Avoiding Practice Purchase Pitfalls Tonight we will be discussing some of the most common pitfalls we see time and time again surrounding the purchase or sale of a practice. By identifying them here and discussing solutions, it is my hope that you will be able […]

What Creates Veterinary Practice Value?

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 […]

Reducing the Impact of Educational Debt – Veterinary Profession

Dr. Richard Goebel, October 16, 2005 Educational debt has been growing faster than starting salaries. What are the implications for those entering veterinary practice and for their employers. Tonight we plan to discuss the implications for significant debt for borrowers before graduation and after graduation, and implications for employers of new graduates with significant educational […]