294

The Broker

Q15 Sept 2018 " How can I sell a Practice that the corporates are not interested in purchasing?" FP. Scotland -Answer
Stacks Image 108
Q14 Sept 2018 "I am surrounded by corporate practices and feel like Colonel Custer in his last stand, my turnover is not very good and the corporates do not seem interested in buying, what shall I do?" JH. Scotland - Answer
Stacks Image 104
Q13 Aug 2018 "Should I use a Benchmark report to reassess my price list. CA NE England- Answer
Stacks Image 92
Q12 Aug 2018 " I have approached an accountancy firm specialising in Veterinary business development to help develop my practice to make it more saleable , their fees seem high but they are a national firm with lots of practices on their books, will it be worth spending the money?" PS SW England - Answer
Stacks Image 84
Q8: Aug 2018 " When should we tell our staff we are selling the practice?" AW Midlands England - Answer
Stacks Image 68
Q10: Aug 2018 " I am having difficulty selling my practice, the corporates do not seem interested, what shall I do next?" DT Northern England - Answer
Stacks Image 60
Q9: July 2018 "I have had an indicative offer from a corporate for my practice, does this mean that is exactly what I will receive if I accept ? PP N.W. England - Answer
Stacks Image 50
Q7: July 2018 "What costs are we likely to incur relating to the sale?" CA E. Midlands England - Answer
Stacks Image 46
Q11: June 2018 - "I have been made an offer of £900,000 for my 4 vet SA practice, I am a sole trader, the corporate group who did this, approached me directly and after seeing my accounts, made the offer. It seems really good as I wasn't expecting as much. Should I take it and move on or ask a professional agent to help?" WS- Midlands Answer
Stacks Image 62
Q1: May 2018 "I am a sole trader and am considering selling my practice. I have been advised of the tax benefits of incorporating, should I do that before selling?" SE NW England-Answer
Stacks Image 52
Q2: May 2018 "I have an established small animal practice which I have run single handed for the last six years. My turnover (ex VAT) was £339,000 last year, with a net profit of £94,000. About 6 months ago a pet supermarket in house practice opened within 1 mile of my surgery. Will this destroy any chance of selling my practice for a reasonable price?" LJ - M25 England Answer
Stacks Image 54

Q3: WM- Central Midlands- "I am thinking of selling my 3 vet SA practice, w
ho should I sell to?" Answer
Stacks Image 22

Q4: JS- Midlands- "I keep hearing about EBITDA what is it used for
?" Answer
Stacks Image 74

Q5: SW- SW England "I have been approached by a corporate with an offer to buy my practice, which looks very attractive, should I engage a broker or accountant to deal with the offer
?" Answer
Stacks Image 36

Q6: MJ- Wales - "I own a mainly SA practice with a T/O of £850,000. My assistant who has worked for me for 5 years wishes to buy my practice, because the corporates keep enquiring whether I want to sell and I have heard that the prices paid are very good I am not sure what to do, can you help?"
Answer
Stacks Image 38