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 […]
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.
If you’re considering selling your veterinary practice, understanding the process is essential. Matt Arena, CEO of 360 Vet Sales, recently shared a detailed walkthrough of how the process works from start to finish. Here’s an overview of what to expect: Preparing to Sell Before you can go to market, it’s crucial to ensure your practice […]
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.
If you’re thinking about selling your veterinary practice, understanding what potential buyers are looking for is crucial. According to Matt Arena from 360 Vet Sales, several factors play a significant role in determining your practice’s value. Number of doctors: Having at least two doctors is essential, as buyers are less likely to invest in a […]
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.
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 […]
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 […]
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 […]
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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