When selling a veterinary practice, owners often wonder if they should sell their real estate along with the business. According to 360 Vet Sales CEO Matt Arena, the market has shifted, and most buyers now prefer purchasing the practice without the real estate.
Instead, practice owners can lease their property to the new owners through a triple net lease. This arrangement offers consistent passive income while allowing you to sell the real estate later, when the market conditions are more favorable. This flexibility can provide a significant financial benefit down the line. While selling real estate with the practice was common in the past, today it’s an opportunity for additional income and control over the timing of your sale.
Ultimately, retaining your property and leasing it out can be a strategic move, ensuring long-term financial security while giving you control over when to sell the real estate. If you have questions, we are happy to schedule a no-obligation conversation with you.