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 […]

What is the Basis of Practice Value? (Part II: Calculating Earnings)

– Doyle Watson, DVM, Simmons Southeast In another article, we have discussed the calculation of “Adjusted Net Cash Flow.” This is the amount remaining from gross revenues after necessary operating expenses are met. It is the amount available to the owner to spend at the owner’s discretion. The debt service and owner/chief of staff’s (COS) […]

Why Do I Need A Broker To Sell My Veterinary Practice?

David King, DVM, Simmons Southcentral It is true. You don’t need a broker to sell your veterinary practice. It’s your property. You can do whatever you want with it. However, it is also true that your clients can treat and medicate their own pets. Now, most of your clients would never dream of spaying their […]

How Does the Real Estate Effect the Practice Value?

– Dave Gerber, DVM, Simmons Northwest With the exception of mobile practices, every veterinary practice must have a facility in which to operate. The cost of the facility, either rented or owned, is a real expense to the practice when considering profit. In essence, there needs to be a “rent” figure as an expense on […]

What are the “Perks” of Veterinary Practice Ownership?

– Jim Stephenson, DVM, Simmons Northeast Nearly every veterinary practice in existence today, including those owned by corporate consolidators, was built, bought, or nurtured to success by young veterinarians much like you. Today’s challenges are different and difficult, but no more so than ownership endeavors of your predecessors. There are many good reasons to own […]

Simmons Launches eNewsletter

For immediate release Are You in the Know? Simmons & Associates LaunchesMarket Update eNewsletter called eTIMES — Veterinarians are Now in the Know with ValuableReal Estate Tips and Pointers — August 2006 — Simmons & Associates, a company specializing in providing customer care and business counsel in veterinary real estate since 1977, announces the launch […]

New Book Launches at Western Veterinary Conference

NEW BOOK HELPING VETERINARIANS WITH BUYING OR SELLING A PRACTICE LAUNCHES AT WESTERN VETERINARY CONFERENCE “Your Veterinary Practice ~Buying, Selling and Merging” Edited by Dr. Byron Farquer and Dr. Larry Wiseman Las Vegas – February 2006 — Dr. Farquer and Dr. Wiseman with Simmons & Associates, a company specializing in providing customer care and business […]

What is The Basis for Practice Value? (Part I: Establishing Cash Flow)

– Doyle Watson, DVM, Simmons & Associates Southeast It continues to impress me the number of times I hear veterinary practice value being based solely upon some percentage of gross income. This concept is often suggested by some finance companies as well as veterinarians, but rarely by those who are familiar with business appraisal methodology. […]