Veterinary Practice Value, Product Sales, and Profitability: Is There a Connection?
…Some practices use signage or other client communications to show clients that they are competitively priced on certain products. If you want to play the price-matching game, make your website’s…
What Are the Benefits of Owning a Veterinary Practice?
…that Big Stick. -=-=- David King, DVM, Simmons Southcentral This article was originally posted on www.simmonsinc.com. Any reproduction on any other site is prohibited and a violation of copyright laws….
$15,000 Awarded to University of Florida College of Veterinary Medicine Student
…of veterinarians buying and selling practices. Veterinarians can learn more about buying or selling a practice at www.simmonsinc.com or by calling 800.333.1984. Contact: Stacy Cadieux, Executive Director stacy@simmonsinc.com | 479.876.8067…
Is Your Veterinary Practice Exit Strategy Up To Date?
While this year always sounded like it was in the distant future, here it is. With it comes a unique opportunity to capitalize on your hard work and either sell…
Exit Strategy Checklist – Preparing Your Veterinary Practice For Sale
…review zoning compliance. Prepare practice records for buyer’s review–financials, contracts, employee records, etc. Compile inventory and equipment lists. Have a competent broker or marketing expert review your practice and current…
All That Glitters is Not Gold! – The Long-Term Service Contract Dilemma
…there are many other long-term contracts or leases that can complicate your life and the sale of your practice. Obviously, along with lab companies, we see similar type contracts with…
Your First 6 Weeks of Veterinary Practice Ownership
…evaluation criteria and bonus plans. Obtain any non-compete, intellectual property, and confidentiality agreements. Also, obtain copies of non-compete agreements that currently apply to terminated employees. Gather contract-labor compensation agreements. Review…
Enterprise Goodwill vs. Personal Goodwill: What Is the Difference?
…They allow walk-ins, are very price competitive and split caseload and revenue generation almost equally amongst all the doctors since the doctors have rotating shifts and commonly interchange clients. Sidestreet…
Practice Valuations: Is It Time for a Paradigm Change?
by Doyle Watson, DVM | Co-founder and CEO, Simmons & Associates, Inc. Has the time come when we, as veterinary practice appraisers and brokers, should reconsider the parameters of fair…
The “New Normal” of Exhaustion and Reaching Capacity
…This is likely going to be a trend in the upcoming months. Fewer corporate purchasers in the marketplace equal less competition, and less competition equal limited negotiating power and lower…
