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Valuation for a Practice Purchase/Associate Buy-in
Are you contemplating a partial or complete purchase of an existing veterinary practice? In many cases, the asking price of the business has been set by the current owner or by a broker who stands to profit from the sale of the business. Therefore, it is critical that you have the value of the business determined by an impartial third party – otherwise, the price you pay may not be financially feasible for you. This is where Summit Veterinary Advisors can help you. Our accredited valuation analysts abide by the standards of the National Association of Certified Valuators & Analysts (NACVA), the Institute of Business Appraisers (IBA) and the American Institute of Certified Public Accountants (AICPA). These standards require us to perform an in-depth analysis of the business in order to determine the most reasonable and unbiased opinion of value possible.
Our valuation process includes a detailed analysis of the historical financial performance of the business as well as a wide variety of factors that can impact its long-term financial success. These factors include the location and quality of the facility, the local demographics and the competition in the practice area, the quality of the staff and the management systems in place, the long-term stability of the practice and the quality of the existing lease, the service/product mix and so on. As a result, our report not only gives you our fair and unbiased opinion of value, it gives you a much better understanding of the business you want to purchase.
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