VALUATIONS / PRACTICE APPRAISAL

Purchase/Sale of a Veterinary Practice: Veterinarian Takeover Checklist

1. Prepare Construction Review of Facility.

2. Review Staff Files, Discuss:

• Key Personnel Sensitivities

• Staff Conflicts

• Salaries

• Last Raises

• Employee Manual

3. Request Up-dated Financial Statements, Discuss:

• Material Account Changes

• Change of Cash Flow

4. Discuss Potential Takeover Problems:

• Accounts Receivables

• Accounts Payable Cutoff

• Library

• Items to Be Taken by Seller, ie. Books, Packs, Etc.

5. Discuss Drugs & Supplies to Be on Hand at Takeover Date.

6. Discuss Insurance Needs.

7. Discuss Takeover of Favorable Payroll Unemployment Rates.

8. Discuss Seller Work Schedule.

9. Discuss Seller/Buyer/Client - Joint Announcement

10.Discuss Landlord Issues.

11. Discuss Building Access Prior to Close Date

12. Request a Set of Master Keys, ie. Doors, Alarms, Controlled Substances, Etc

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