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Key takeaways Start with the life you want after the sale. A buyer’s closing date, your last day in the practice, and the date you can comfortably retire may be different. Put each on the calendar before choosing a transaction. A practice is easier to explain when its performance is repeatable. Reliable accounts, a stable…

The process of determining the value of a veterinary practice is as complex and involved as running the practice itself. The final price is based upon factors affecting vet practice value that go far beyond the obvious revenue and profit numbers. A true valuation is determined by several factors, which we will discuss in this…

A good veterinarian does not jump to conclusions. They gather data, observe patterns, ask the right questions, perform the appropriate tests, and then make what we can safely refer to as objective determinations or data-based assumptions, one or the other. Figuring out the value of a veterinary practice works in much the same way. If…

A veterinarian usually does not sign up for the entrepreneurial duties, which they end up, more often than not, doing more than actually practicing medicine. Whether or not they like it is entirely subjective, but most times, it becomes a driving factor to sell the practice. It’s a deeply personal choice. And for someone who’s…

Sentimental value only plays a minimal role for a buyer. Before you enter the market and try to sell your veterinary clinic, you need a real, accurate valuation. Owners often find themselves at the extremes of a spectrum, either underestimating or overestimating the value of their practice. In this guide, we’ll break down what actually…