by omniadminJanuary 23, 2019 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
WHY YOU MAY WANT TO CONSIDER A PRACTICE SALE IN 2019
Happy New Year! We hope that 2018 was full of health and happiness. We helped many veterinarians buy, sell, or start a new practice. Those that sold are now free from their duties of managing a practice. They no longer have to do their books, manage staff, clean toilets, or do whatever most business owners have to do. I speak from experience as I am a business owner and do all those...Read MoreWhy You May Want to Consider a Practice Sale in 2019
Happy New Year! We hope that 2018 was full of health and happiness. We helped over 60 doctors buy, sell or start a new practice. Those that sold are now free from their duties of managing a practice. They no longer have to do their books, manage staff, clean toilets, or do whatever most business owners have to do. I speak from experience as I am a business owner and do all those...Read Moreby omniadminDecember 23, 2018 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
10 Pitfalls to Avoid in Your Transition
Making just one of these mistakes may cost you hundreds of thousands of dollars. Ensuring you have a successful transition involves preparation and knowledge. There are numerous things you should do to make sure your practice is ready to sell. There are also several things you need to avoid in order to make your transition successful. Here are a few pitfalls to make sure to avoid: Letting...Read MoreWhy You Need a Broker When Selling Your Practice
In my past life, I flipped houses. I have bought, rehabbed and sold over 30 homes. Early on when I was flipping houses, I would sell the homes myself. I had my real estate license, so I put the houses on the market, did the advertising and showed the homes when buyers wanted to look at them. Some of the house sales that I did went well. Others did not go well and others didn’t...Read Moreby omniadminNovember 20, 2018 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice, Using a Professional0 comments
Why You Need a Transition Specialist On Your Side
The process of selling a Veterinary practice can be exceptionally challenging for those without experience in practice transitions. It’s a process that requires the leadership and guidance of an expert in the Veterinary practice field, as well as a comprehensive understanding of the steps involved in a business sale. The experts at OMNI Veterinary Practice group have decades of experience...Read MoreYou haven’t missed the boat… yet!
If you were contemplating a practice sale in 2018, but didn’t get started, you haven’t missed the boat… yet! In 2018, consider the following: Interest rates on practice loans were between 4.75% and 5.25% 50% of dentists are now over the age of 55 The economy has been strong Consumer spending on dentistry has increased Practice values were up 5% to 10% All of these...Read Moreby omniadminSeptember 12, 2018 Buyer Articles, Buying a Practice, Practice Sales, Practice Transtions, Seller Articles, Selling a Practice, Using a Professional, Valuation0 comments
From the Horse’s Mouth
Each year one of the largest corporate veterinary practice owners holds a one-day conference exclusively for veterinary practice brokers. At the conference, they discuss, amongst many other things, how their company is different than other corporates, how they value veterinary practices, and trends in corporate buying. It’s an interesting meeting to get the “state of the union” from a...Read Moreby omniadminSeptember 12, 2018 Buyer Articles, Buying a Practice, Practice Sales, Practice Transtions, Seller Articles, Selling a Practice, Using a Professional, Valuation0 comments
From the Horse’s Mouth
Each year one of the largest corporate veterinary practice owners holds a one-day conference exclusively for veterinary practice brokers. At the conference, they discuss, amongst many other things, how their company is different than other corporates, how they value veterinary practices, and trends in corporate buying. It’s an interesting meeting to get the “state of the union” from a...Read MorePreparing Your Practice To Sell
Whether you are approaching retirement age or just thinking about a transition, there are several things you can do to prepare your practice for sale. Doing these things may help eliminate headaches, increase your sales price, or reduce your costs. Here are a few tips: Assess your equipment. Upgraded practices sell faster. If you are more than five years away from retirement, I...Read Moreby omniadminAugust 27, 2018 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
