by omniadminOctober 12, 2023 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
PREPARING FOR THE EMOTIONAL ROLLER COASTER IN YOUR VETERINARY PRACTICE TRANSITION
As you get nearer and nearer to retirement and are preparing to sell your veterinary practice, there is something you need to ponder that many doctors do not think about. That is the emotions you will go through during and after you sell your practice. Selling pet food or even charts is easy. It’s just an object that you are giving to another doctor to own. But, I’ve had many doctors who...Read Moreby omniadminAugust 15, 2023 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice, Valuation0 comments
Not All Valuations Are Created Equal
Practice valuations and those that value practices can come in all shapes and sizes. Did you know that there are probably 20 different methods you can use to value a practice? Did you know there are 5 to 10 different certifications or accreditations one can work towards obtaining? Rule of thumb valuations are ones that are typically quoted and overly abused. The typical rule of...Read MoreCommunication is the Key to a Successful Dental Practice Transition
As dental practice brokers, we are often asked “What is the most important factor in facilitating a successful dental practice transition?” The simple answer is Communication. While it is imperative for the buying doctor to build a strong team of advisors, complete due diligence on the practice, secure financing, and navigate the closing process, all else could be lost if there is no...Read Moreby omniadminJuly 17, 2023 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
The Many Different Types of Veterinary Practice Transitions
By planning your transition carefully and working with a trusted broker in the Veterinary practice marketplace, practice sellers can ensure each element of the process is completed smoothly. But first, it’s important to learn more about the types of Veterinary practice transitions available for those considering a sale. In this article, the team at OMNI Practice Group explains the processes...Read MoreFAQ’s by Dentists Who Are Thinking About Selling Their Practice
1. When should I start thinking about and preparing to sell my practice? The earlier the better, but no later than 3 years prior to selling your practice in order to optimize your sales price and find a good buyer match. Practice values are typically based on 3 to 5 years of financial information with the numbers weighted heavier towards the most recent years. If you focus your last 3...Read Moreby omniadminMay 10, 2023 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
Questions Frequently Asked by Veterinarians Who Are Thinking About Selling Their Practice
By Rod Johnston & Jim Vander Mey When should I start thinking about and preparing to sell my practice? The earlier the better, but no later than 3 years prior to selling your practice in order to optimize your sales price and find a good buyer match. Practice values are typically based on 3 to 5 years of financial information with the numbers weighted heavier towards the most...Read MoreSelling Your Dental Practice Does NOT Mean You Have to Stop Practicing
Whether you have owned your practice for 40 years, or owned it for 5 years, selling your dental practice does not mean you are done practicing. We often meet with doctors who are sick and tired of managing their staff, doing the bookkeeping, playing games with the government agencies, dealing with the ups and downs of the economy, the changing environment of the profession, and on and on....Read Moreby omniadminApril 14, 2023 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
