2026 Benchmark · U.S. Veterinary Practices

What your practice
is really worth.

Download the free 2026 Veterinary Practice Multiples Benchmark — the real multiple ranges by practice profile, and the one variable that moves your number more than any other.

Get the 2026 Benchmark

Instant download. No sales call to get it.

A veterinary practice owner with a patient
513×
The 2026 range by practice profile
3050%
More than a typical direct offer
$5M+
Typical gap on $1M of earnings
Why it matters

A single offer leaves
millions on the table.

In 2026, most veterinary practices change hands between 5× and 13× true EBITDA. A direct conversation with a single buyer clears near the bottom. A competitive process clears near the top. Across the deals we’ve closed, the median has climbed with the market — 13× in 2025.

$5M+
The routine gap between those two outcomes on a practice earning $1 million.
What’s inside

Eight pages. Everything a buyer
already knows about your practice.

01

The 2026 benchmark table

What practices in your revenue tier sell for — a single offer vs. a competitive process, side by side.

02

The 5 variables that move your multiple

In the order sophisticated buyers actually weigh them, and the one that outweighs the other four combined.

03

Your true EBITDA

The real-earnings number buyers multiply, and the personal and one-time costs that belong back in it. Documented well, it runs 15–30% above your tax return.

04

The gap that pays for everything

Real closed-deal swings between one offer and a competitive process, from our own work.

05

What a great exit really buys

Not just the number, but your role, your hours, and the three years after the sale.

Dr. Michael Warren, Founder of Transitions Elite

“I started Transitions Elite after watching too many owners accept the first offer that landed and leave millions on the table. This benchmark is that lesson, on paper.”

Dr. Michael Warren · Founder, Transitions Elite
$350M+ in closed exits One side of the table: yours Sell-side advisory, $2M+ practices
Get the benchmark

Get the 2026 Benchmark
today — free.

Instant access. The real ranges, the five variables, and the number behind them.

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