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 […]
Veterinary Practice Technology Costs
By Joe Stephenson, MA – Simmons Northeast As a veterinary business appraiser and broker, I see 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 their earnings into new gadgets just before retiring. These seasoned owners hope their new cutting-edge […]
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 […]
Dealing With Veterinary Practice Sales Leases
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 veterinary practice owners, especially if owners want to sell their practice during the agreement term. Read on to learn why we advise […]
