Should I Let the Buyer Work in the Practice Before the Sale?

Once a buyer and seller have agreed on a price, they are both eager to finalize the sale. Each party is ready to begin a new life. This makes the buyer extremely eager to begin working in the practice. Sometimes, the seller is happy to have the buyer help run the practice. However, there are […]

What are the benefits of owning a practice?

David King, DVM, Simmons Southcentral –  One of my heroes of history, Theodore Roosevelt, once said “Speak softly but carry a big stick” and I liken that somewhat to practice ownership. There is just no substitute for carrying that ‘Big Stick.’ There are many reasons NOT to own a practice, and they are all based […]

The Cost of Technology in Veterinary Practice

By: Joe Stephenson, MA – Simmons Northeast – As a veterinary business appraiser and broker I see droves of young veterinarians reared on cutting edge technology, hungry for practices thoroughly equipped with blinking lights and high resolution screens. I also see practice owners sink all of their earnings into new gadgets just before they retire. […]

Can Your Veterinary Practice Be Too Profitable?

By: Nikki Nitz, CPA CMA –  There is a lot of information circulating about No-Lo practices. But how about we flip the coin and talk about highly profitable practices? You would think that there should be no issue with having a higher profit percentage correct? Well, think again. A No-Lo practice is one that has […]

Leases, Leases, Everywhere Leases

By Kirsten Poppen, JD, CVA Simmons  Midwest – Why is my practice not making any money? Let’s examine your expenses.  Many of you have heard of No-Lo Practices, a term that has hit front and center in the veterinary consultant world.  No-Lo: Practices with No to Low Value.  No-Lo Practices aren’t necessarily a bad investment, […]

Dealing With Leases in Veterinary Practice Sales

Elizabeth Bellavance, Simmons Canada ~ It is becoming more common for suppliers of veterinary products and services to enter into long-term contractual agreements with veterinary practice owners. These agreements can have far reaching implications for practice owners, especially if owners wish to sell their practice during the term of the agreement. Caution is advised before […]

Veterinary Practice Ownership – Leaving a Legacy

by: Jim Stephenson, DVM, CBA – Simmons Northeast Few people have the opportunity to leave a legacy as lasting as a veterinarian who has fulfilled their career as a practice owner.  The essence of what they build can become integrated into the culture and history of their community, the surrounding veterinary community, and become a […]

$15,000 Awarded to University of Florida Veterinary Medicine Student by the SEF

St. Simons Island, Georgia – January 28, 2015 – University of Florida College of Veterinary Medicine student, Geoff Landau, has been selected to receive the prestigious Simmons Educational Fund (SEF) National Business Aptitude Award. The award is given to senior students to bring attention to the importance of business education in veterinary practice. Landau presented […]

Simmons Northeast opens New York office

As the only New York State veterinary exclusive practice broker, Joe Stephenson, MA, is taking the boots to the ground in New York bringing the long-standing and proven track record of Simmons to work for you. Located in New York, Joe is the sales manager for the New York office of Simmons Northeast. Since 2010, […]