Welcome back to our two-part series on valuing a veterinary practice. In Part 1, we discussed the key factors that influence the value of a veterinary practice. In this installment, we’ll explore the different valuation methods and provide actionable steps […]
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Understanding the value of your veterinary practice is essential, whether you’re planning to sell, transition, or just want to know how your business stands. Valuing a veterinary practice involves more than just looking at financial numbers—it’s about recognizing all the […]
In years past, most clinics that boarded pets had waiting list. In many practices, this is no longer true and cages are empty during a time when a clinic should be having waiting list. In my opinion this is due […]
#1 Clean up your profit and loss statement and file your taxes. Buyers and sellers get nervous when they see discrepancies that cannot be explained. Therefore, failure to have a clean profit and loss statement may result in a lower […]
Excess earnings are most important in valuing your practice. The historical excess earnings trend is the most important financial variable in determining your practice’s value—not gross revenue as commonly thought. Typically, a practice’s future earnings will reflect its actual performance […]
As a practice transition specialist, I am often asked “Is now a good time to sell my practice?” While there are many factors involved in making this decision, the short answer is YES. Below is the short list of current […]
Inventory Management-Stopping drugs from expiring. Many hospitals waste dollars by letting products expire on the shelf, or do not “sell” in a normal time. If inventory were changed to dollars and you could see what is on your shelf, I […]
We will create the best transition plan for your specific practice. The most successful businesses always have a plan. Working with you and your financials, we will create a customized plan for your practice which will clearly define and set […]
It’s Never Too Early to Start Planning Your Transition As practice brokers, we are frequently contacted by Veterinarians who have an immediate need to sell their practices due to retirement, disability, etc. After meeting with the doctor and reviewing the […]
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Are You Leaving Money on the Table with Your Vet Practice Sale?
Maximizing the value of your Vet Practice Before the Sale, makes the Real Difference.
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