3 Strategies for Easing the Transition into Retirement
Retirement is often seen as a distant milestone—one that promises relaxation, freedom, and the chance to pursue long-held dreams and hobbies. But, so often, people wait until the day they retire to begin enjoying all the things they’ve held in anticipatory esteem. As a result, they are blindsided by the abrupt shift in lifestyle, struggling […]
4 Ways to Sell Your Practice
Selling a practice in today’s climate is not what it was just five years ago. Not only is there a lot of noise in the profession regarding how to determine value, but there are also many companies and individuals advising on sale strategies. Among many factors, we see three primary shifts affecting the veterinary practice […]
How can the “perfect” veterinary practice have little to no value?
A practice is grossing say $1.5M, offers quality service and medicine, high single-digit growth, primo demographics, and all the bells and whistles—the perfect veterinary practice, except for one key ingredient—profitability! After all the real and necessary annually recurring operating expenses, including professional staffing and management, there is very little leftover as a return on the […]
What is Your “Number”? – Retirement Plans For Veterinarians
Veterinarians are unique in so many ways when compared to the rest of the working world.Most veterinarians spend their lives working long hours and sacrificing their personal lives andoften family relationships to help make the lives of animals better. Most of us didn’tget into veterinary medicine for the money. The old saying that “the only […]
What Not to Do When Selling Your Practice
There are many moving parts that you’ll need to manage when selling your practice. While it’s essential that you focus on everything that needs to be done correctly to complete this transaction, there are also some things you shouldn’t do when selling your practice. A single mistake can cost you thousands of dollars in the […]
Trust the Leader in Veterinary Practice Sales
When you’re the first to develop a successful system in your field that’s proven time and time again, the industry is bound to follow. When Simmons & Associates opened the first national (now international) veterinary practice brokerage firm in 1977, we knew that our success would spawn competition. But we continued to look forward into […]
Don’t Be Caught Off Guard
When you’re ready to retire, will you be retirement ready? You don’t have to be caught off guard. Learn the five steps you can take now to position you for a successful sale.
5 Steps to Preparing Your Veterinary Practice For Sale
What do you need to know before listing your practice for sale? Dr. Farquer provides you with the information you need to start planning for a successful sale.
Corporate Consolidators: A Survival Guide for Practice Owners
If you own a veterinary practice, you have likely been approached by at least one Corporate Consolidator wanting to talk to you about purchasing your veterinary practice. It seems like almost every day a new group is becoming Veterinary Corporate Consolidators. For a few years now there has been a lot of corporate activity going […]
What to Look for in a Corporate Sale
Receiving Offers from Corporate Buyers? Here are some considerations to help decide if selling to corporate is the right path for you. If you are a practice owner, there is a good chance that you have been contacted by multiple corporate groups to purchase your practice – with promises that they will get you the […]
