While every veterinary practice ownership transaction is different, after over 100 successful transactions we have noticed a few common pitfalls and traps for the owner/seller. Whether your exit is imminent or 15+ years from now, here are a few to watch out for on... Read more
By: Kirsten Poppen, JD, CVA, Simmons Midwest – You’re proud of your practice and with good reason. You have an attractive facility, a well-trained staff, newer equipment, and a solid client base. Overall, yours is a comprehensive, client-oriented practice. Yet... Read more
Wilson McManus II, DVM CVPM, Simmons MidSouth – Imagine this…It has been a wonderful last couple of months for you. You’ve sold your veterinary practice, Four Legged Friends Veterinary Hospital, after many, many years of practice, to an associate that had been... Read more
Nikki Nitz, CPA, CMA Simmons Northwest Who Can Afford to Buy We get asked regularly, “Are there buyers who can afford to buy?” The quick answer is YES! When a practice is priced fairly the profits of the practice cover the debt payments the buyer needs to make as well... Read more
Byron Farquer, DVM, AVA Simmons Pacific | Simmons Southwest – I have little or no money for a down payment; can I still buy a practice? Zero to 5% down is an achievable arrangement, so not having a down payment is not the biggest hurdle in purchasing a... Read more
Once a buyer and seller have agreed on a price, they are both eager to finalize the sale. Each party is ready to begin a new life. This makes the buyer extremely eager to begin working in the practice. Sometimes, the seller is happy to have the buyer help run the... Read more
The new 3rd edition expands and amends the sold out 2nd edition. Written by the experts at Simmons, this book is aimed at helping veterinarians better understand the intricacies of veterinary practice sales, valuations and ownership.