What is Your “Number”? – Retirement Plans For Veterinarians

couple walking on the beach with dog

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

Older, likely retired, man watching the sunet by the ocean standing on rocks

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

Person standing on an overlook, following the leader, looking towards the bright new morning

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.

Corporate Consolidators: A Survival Guide for Practice Owners

Corporate Consolidators

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

someone handing over a contract to sign

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 […]

Why You Need a Veterinary Practice Purchase Feasibility Analysis

Bridge over Des Moines River in the state of Iowa.

David McCormick MS and Sherry Everhart BS, CVT –  Buying a practice is often a better alternative to starting a practice. An existing practice has a facility equipped with trained staff, and it serves an established client base. Most significantly, it has an existing level of profitability. These attributes can help a new owner avoid […]

Can You See Your Veterinary Practice Exit?

a dog with eyeglasses

By David King, DVM, CVASimmons Southcentral Wow, 2020 was rough but like most challenges veterinarians persevered. Now it’s 2021 and there are new issues facing practice owners deciding on an exit strategy. There seems to be a shortage of veterinarians which may good if you are looking for a job but bad if you are […]

Questions I Should Have Asked When Selling My Veterinary Practice to a Consolidator

older woman looking at a laptop

When it comes to practice ownership, we are living in a gilded age, or time of rapid economic growth, for many. Owners have a “bull market” of buyers from the corporate consolidator realm seeking their favor, but this is not news anymore. So many have “cashed out” well beyond their financial expectations. They do not […]