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.
Steps to Selling Your Veterinary Practice
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
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 […]
Why You Need a Veterinary Practice Purchase Feasibility Analysis
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?
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
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 […]
Should I Sell My Veterinary Practice and Real Estate Together?
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 […]
Exit Strategy Checklist – Preparing Your Veterinary Practice For Sale
Click here for a printable PDF of this article: Exit Strategy Checklist 3 years before putting your veterinary practice on the market: Make quality time to write down your goals; develop a timeline; consider life after practice. Have a baseline practice valuation performed by a competent veterinary practice appraiser. Experience and credentials are critical. Identify […]
Selling Your Veterinary Practice – Private vs. Corporate
By, David King, DVM, CVA, Simmons Southcentral Just like just about anything in life, deciding to sell a veterinary practice can be made easier with a little knowledge and a little planning. Knowing your options along with the pros and cons of each can help you make the right decision for you and your family’s […]
