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.
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 […]
After a whirlwind week in Orlando, Matt & Kia discuss what they learned at the Veterinary Meeting & Expo (VMX), including what buyers are looking to purchase veterinary practices and how multiples are expected to change in the next year.
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 […]
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.
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 […]
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 […]
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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