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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Veterinary practice owners often focus on the best times to sell, but it’s equally important to know when not to sell. Here are some situations where waiting may be the better option: You’re Not Ready Mentally: Selling a practice requires emotional and mental readiness. If you’re unsure, there’s no downside to finding its value, but you may […]
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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 […]
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The 2024 Western Veterinarian Conference (WVC) highlighted a growing trend among veterinary practice owners considering selling for reasons beyond retirement. Increasingly, owners are feeling the pressures of managing larger practices, struggling with staff retention, and facing difficulties competing against corporate platforms. Many expressed that the dynamics of managing a practice have shifted, with veterinarians now […]
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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.
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When selling a veterinary practice, ensuring a clear and accurate financial picture is key to maximizing value. Potential buyers will closely examine your financials, but there’s more to this process than just looking at profit and loss statements. This is where the concepts of “add-backs” and “one-offs” come into play. Understanding Add-Backs Add-backs refer to […]
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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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Selling your veterinary practice is a significant step and ensuring that you’re fully prepared can help maximize its value. Here’s how: Establish a Timeline: Ideally, plan at least 12 months in advance to allow ample time to organize your financials, operations, and team. Get Your Accounting in Order: Buyers want clean, well-documented financials. Ensure all […]
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Attending industry events like Veterinary Meeting & Expo (VMX) provides veterinary practice owners with invaluable insights. After participating in this year’s VMX, we gathered key observations that can significantly impact your decision-making process regarding the sale of your practice. Let’s dive deeper into the main takeaways: Strong Buyer Interest for 2023: One of the standout […]
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In this video, we discuss why it is important to start thinking about selling your practice well before you are ready to retire since waiting can negatively impact your valuation and the practice’s price. Learn why planning well ahead makes sense and is in everyone’s best interest.
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