The Broker

Q18 Feb 2019 " I have been involved with selling my practice to a corporate, after 8 months of work they suddenly withdrew their offer, shall I look to another corporate as my broker has suggested or what? KW East England -Answer
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Q17 Jan 2019 " We have had to increase our fees markedly in the last 12 months to compensate for
increased assistant’s salaries. We now seem to be getting a large number of
complaints about the increased charges, and I am worried about clients leaving the
TR Greater Manchester -Answer

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Q16 December 2018 " I want to protect myself from my assistants putting up their plate in opposition. I have been advised that a restrictive covenant may not be legally binding, what else can I do??"
RGT. West Midlands -
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Q15 Sept 2018 " How can I sell a Practice that the corporates are not interested in purchasing?" FP. Scotland -Answer
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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
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Q13 Aug 2018 "Should I use a Benchmark report to reassess my price list. CA NE England- Answer
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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
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Q8: Aug 2018 " When should we tell our staff we are selling the practice?" AW Midlands England - Answer
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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
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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
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Q7: July 2018 "What costs are we likely to incur relating to the sale?" CA E. Midlands England - Answer
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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
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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
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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
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Q3: WM- Central Midlands- "I am thinking of selling my 3 vet SA practice, w
ho should I sell to?" Answer
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Q4: JS- Midlands- "I keep hearing about EBITDA what is it used for
?" Answer
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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
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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?"
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Q15: FP. Scotland -Sept 2018 " How can I sell a Practice that the corporates are not interested in purchasing?" -Answer
April 1st 2019 -490