Veterinary practice owners often believe they can only sell their practice when they are ready to retire. However, selling your practice and retiring at the same time can create challenges in the sales process. Most buyers, especially corporate or private equity groups, prefer a three-year transition period where the seller stays on to maintain continuity […]
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In this video, we talk about the “bubble” in the veterinary industry. We cover how practices previously sold for 16-19x a few years ago, but also burst that bubble by sharing that those days are long gone and probably will not come back anytime soon. With all that said, veterinary practice valuations are still outperforming […]
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When considering the sale of your veterinary practice, many owners compare their situation to peers who sold in the past at high multiples. However, the market has changed significantly over the last few years. During the COVID-19 pandemic, veterinary practices experienced a boom, leading to unprecedented valuations of up to 19x earnings before interest, taxes, […]
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Losing an associate impacts veterinary practice owners in a variety of ways. Enormous demand and a shortage of DVMs is putting many vet clinics around the country in dire situations. Even if this hasn’t hit your practice, you can bet that your associates are getting several job offers a month, and this type of outside […]
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When selling your veterinary practice, you should understand that the price you get will be based on a valuation of your EBITDA (earnings before interest, taxes, depreciation, and amortization). EBITDA is a measurement of a business’ free cash flow and a good way to understand how much cash a business generates from operating activities alone […]
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How would you like to cash in on your hard work and dedication and be able to enjoy financial freedom for you and your family? Selling your practice is a big decision, but with demand at historic levels, now may be the best time to cash in. By selling now, rather than later, you will […]
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