Thinking of selling your veterinary practice? In this episode of 360 Half Seconds, Kia and Matt break down why good accounting is essential for a smooth and profitable sale. Matt explains the difference between tax, audit, and managerial accounting, and why managerial accounting is key when it’s time to go to market. From clean, reconciled […]
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In this episode of 360 Half Seconds, Kia and Matt dive into one of the most common — and complex — questions they receive from veterinarians: How do we sell our practice when there are multiple owners involved? They share why alignment among partners is crucial before going to market, how decision-making frameworks can make […]
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Matt & Kia talk about the team that veterinarians need to build when getting ready to sell a practice, including an internal point person, M&A attorney, tax accountant, financial planner, and of course, a broker.
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Matt & Kia discuss how now is the best time in three years to look at selling your veterinary practice. They also talk about how often the market changes and what influences those changes, as well as the impact of interest rates and recapitalizations.
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Matt & Kia discuss why using a broker to go to market, even if your practice valuation is less than you’d like, is a good idea, depending on your circumstances. In many cases, especially for those nearing retirement age, the risk of waiting is much higher and there’s no harm in looking at offers then […]
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Many veterinarians worry about selling to corporate buyers out of fear that they will change everything that makes their practice successful, but not all corporate buyers are the same. Matt & Kia talk about the importance of ignoring the noise and setting clear goals for what you want out of the transaction. With that knowledge, […]
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In addition to owning a practice, many veterinarians also own the building or space where they take care of pets. Matt & Kia discuss how many buyers are not purchasing the real estate currently, which means it turns into rental revenue for you until you decide to sell it.
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Kia & Matt discuss the steps to expect when you decide to sell your veterinary practice. From getting your finances in order to putting together a practice package to approaching ideal buyers to getting offers and due diligence, Matt gives a top level explanation of each step so you know what to expect.
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In this episode, Matt & Kia talk about what buyers are looking for in vet practices, including how many doctors are on staff, balanced production, location and more.In this episode, Matt & Kia talk about what buyers are looking for in vet practices, including how many doctors are on staff, balanced production, location and more.
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Some times are better than others to sell your veterinary practice. Kia & Matt discuss factors that aren’t ideal for a vet practice sale, including right after losing an associate, when your finances aren’t where they need to be, and if you just aren’t ready.
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