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.
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 […]
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, […]
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.
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.
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.
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.
After attending the Viticus Group’s WVC Conference in Las Vegas, Matt & Kia discuss what they learned from discussions with other attendees. The dynamics of managing a practice are changing, and more vets are looking at selling well before they are ready to retire so they can do what they love without the hassle of […]
Before you can consider selling your vet practice, you must understand its value. On this episode, Matt & Kia talk about “one offs” and “add backs,” and how they can impact your sale price. They also touch on the value of working with a veterinary broker that also owns an accounting firm.
What do you need to do to prepare to sell your veterinary practice? Matt & Kia discuss what you should do ahead of time, including understanding your timing and getting your accounting in order.
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