praxisinc.com
The Step-by-Step Guide to Buying a Veterinary Practice
Close Sale
Your Praxis advisor will:
• Arrange a bank-required inspection of the premises without alerting the staff
• Assist you in understanding and executing documents needed by the bank to close
• Help you determine into what account your proceeds should be placed -personal
account, business account, or both
• Send the bank any documents needed to close the transition
• Address last minute changes to the contract.
• Obtain signatures on all documents by all parties
• Provide executed agreements to the bank in order to facilitate funding
• Provide landlord waiver and assumption agreement, if needed, to the bank
• Schedule the closing with both parties and any advisors
• Obtain pertinent information to have the sales proceeds wired into your selected
account
Form all necessary accounts
for proceeds, address last
minute changes, and obtain
signatures.
