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 […]
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.
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.
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 […]
by Carly Watson Tobler and Evan Watson, Simmons Southeast 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 […]
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 […]
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 […]
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 […]
There are many things to consider when selling your veterinary practice, including whether to sell the real estate along with the practice. Many owners do not think they should sell or can sell the real estate too. We hear the following reasons for this doubt. Rental Income The sellers want the rental income. This may be […]
Click here for a printable PDF of this article: Exit Strategy Checklist 3 years before putting your veterinary practice on the market: 1 year before putting your practice on the market: Selling a veterinary practice is often the largest financial transaction made during a doctor‘s lifetime and involves much more than just setting a price. […]