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VALUATIONS / PRACTICE APPRAISAL
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Our Expertise
Gatto McFerson, CPAs has been valuing/appraising business
for over twenty years. Our firm is Accredited in Business
Valuations by the American Institute of Certified Public Accountants
(a status held by less than one percent of the CPAs in this
country), and a recognized leader in the field of business
valuations and appraisals.
Gatto McFerson has been appraising veterinary practices since
1978. Our experience includes:
Appraising over three hundred and forty veterinary practices
in twenty-four states and three countries.
Testifying in court as an expert witness for the valuation
process
Speaking and teaching at veterinary conferences about the
valuation process
Completing the Veterinary Management Institute (VMI) at the
Krannert School of Management, Purdue University
What is an appraisal?
The typical veterinary appraisal involves trying to determine
the current fair market value of the asset (your practice)
that is being appraised. Fair market value is defined as the
price at which your veterinary practice would change hands
between a willing buyer and a willing seller, neither being
under a compulsion to buy or sell and both having reasonable
knowledge of relevant facts.
Why would you need a practice appraisal?
Practice appraisals can be useful for the following situations:
What is the Appraisal Process?
Gatto McFerson uses a process that is fast becoming the industry
standard. By carefully analyzing thirteen different traits
of a practice, our process can not only determine what the
practice is worth today, but also indicate its value in five
years. Our process includes:
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Analyzing past financial performance
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Analyzing the heart of the practice gross
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Rating, with the owner, tangible and intangible traits
of the hospital
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Analyzing the practice's= price list
Two Appraisal Packages we Offer:
We offer two different appraisal packages, depending on your
situation:
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Plan 1: In written form, we will give
a range of values, down payments, interest rates, terms,
and special terms for your transaction. We will provide
the format the offer should be given in, financial comparisons,
an adjusted cash flow, the calculation of goodwill, and
different options of financing.
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Plan 2: We will issue a formal report
which includes, in addition to all the information from
Plan 1, an analysis of management and marketing exposures.
We will also prepare a cash flow, tax analysis, and recommendations
for negotiations.
Cost Estimation
If you are interested in having your veterinary practice appraised,
we encourage you to contact us.
We will get back to you in twenty-four hours with a recommendation
of what appraisal package you should consider, and an estimate
of the costs involved.
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Copyright © 1999-2003 Gatto McFerson
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