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Key takeaways Your successor can be an organization, not necessarily an associate. Only 23.8 percent of private-practice veterinarians were owners in 2024, and just 9 percent of vets under 40 owned a practice in the most recent AVMA census. Having no successor does not eliminate your exit. Options can include an organized buyer, a phased…
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Selling Veterinary Real Estate: What Clinic Owners Need to Know Selling veterinary real estate alongside your practice can significantly increase your total transaction proceeds, but it requires carefully decoupling the real estate asset from the operating business entity. Because institutional buyers and private equity groups approach property structures differently than owner-occupiers, structuring the lease agreement…
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Key takeaways The work before the advertisement matters. Prove the demand, define the doctor’s role, and price the complete package before asking candidates to respond. Published pay figures as reference points do not create a universal salary band for every region, schedule, experience level, or practice. No national time-to-hire promise replaces an accountable search calendar.…
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Key takeaways Independent practice owners reported the lowest burnout rates among the segments studied. Ownership autonomy protects most owners, so when you, the owner, are burned out, the buffer has failed and the signal deserves real weight. Burnout costs the US veterinary industry roughly $2 billion a year, and the median turnover cost when a…
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What multiple of EBITDA do veterinary practices sell for? In 2026, most independent veterinary practices sell for a multiple of 5x to 8x their normalized EBITDA. However, larger, highly profitable multi-doctor clinics generating over $1.5 million in annual revenue can command premium multiples of 9x to 12x or higher from private equity consolidators. The exact…
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