why sell vet clinic now

Matt & Kia from 360 Vet Sales

360 Half Seconds: What Should I Do to Prepare my Vet Practice for Sale?

By Tom / September 9, 2024

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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Veterinarian examining dog

Recap: What Should I Do to Prepare my Vet Practice for Sale?

By Tom / September 9, 2024

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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Matt and Kia from 360 Vet Sales

360 Half Seconds: What We Learned at Veterinary Meeting & Expo 2024

By Tom / September 9, 2024

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.

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Recap: What We Learned at Veterinary Meeting & Expo 2024

By Tom / September 9, 2024

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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Matt and Kia from 360 Vet Sales

360 Half Seconds: Why Should I Sell My Vet Practice If I’m Not Ready to Retire?

By Tom / September 9, 2024

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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Veterinarians working with dog

Recap: Why Should I Sell My Vet Practice If I’m Not Ready to Retire?

By Tom / September 9, 2024

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 […]

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Recap: My friend sold for 19x! Should I wait so I can sell for the same multiple?

By Tom / September 9, 2024

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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Veterinarians in clinic examining cat ears, man and woman standing around the examination table

Don’t Leave Money on the Table by Missing Add Backs & One Offs

By Tom / October 4, 2022

When selling your veterinary practice, you should understand that the price you get will be based on a valuation of your EBITDA (earnings before interest, taxes, depreciation, and amortization). EBITDA is a measurement of a business’ free cash flow and a good way to understand how much cash a business generates from operating activities alone […]

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golden retriever puppy playing with a stethoscope vet

Should You Sell your Veterinary Practice?

By Tom / October 4, 2022

How would you like to cash in on your hard work and dedication and be able to enjoy financial freedom for you and your family? Selling your practice is a big decision, but with demand at historic levels, now may be the best time to cash in. By selling now, rather than later, you will […]

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