How to Sell a Veterinary Practice
Depending on how you choose to go about it,sell veterinary practice can be one of the most pivotal and vital moments of your career. But how do you know if it’s the right time to sell, how much you should get for your business and who will buy it?
The first step is valuing your practice. This is a complex process and we strongly recommend you work with a veterinary valuation professional. There are a number of different ways to value a veterinary business, the most straightforward being a market approach. This compares your business to others in your area to see what they have sold for in the past. However, this is often the least accurate method, and it’s best to use it in conjunction with another method.
Unlocking Opportunities: How a Veterinary Practice Broker Can Maximize the Value of Your Clinic
Once you have a price for your veterinary practice, the next step is to find a buyer. We can help you with this by putting you in contact with a large network of veterinarians that are interested in buying practices. We also have a list of local and national investors that are looking for veterinary businesses to add to their portfolios.
With more and more veterinary consolidators entering the market, it’s easy to feel like you’re being bombarded with offers from groups that want to purchase your business. It’s important to be strategic when it comes to choosing a buyer, as you don’t want to get taken advantage of or low-balled.