Buying or Selling Your Veterinary Practice
Buying or selling a veterinary practice for me is a huge honor, for after twenty five years of working with veterinarians, I understand the emotional relationship the veterinarian has with their practice, the emotional debt owed to dedicated support staff and naturally the love and gratitude the owner has for their clients and patients. Besides the emotional journey of saying good bye a passionate career of servicing others and hello to a new career and life style, the selling of a veterinary practice, like any business enterprise, can be not only complicated but frustrating with lawyers and accountants suggesting “this” and recommending “that” with no real answers and leaving you emotionally drained, lost and with a whole lot less money than you thought you would have.
Over the past twenty five years, I have been assisting (purchasing and selling) veterinarians in transferring veterinary practices and as such, the experience has taught me the importance providing my client with a clear and concise process under which they will know the right and practical answers, they will be informed in making the very best decisions and they will enjoy an ownership transfer that respects and uphold their values and priorities.
Whether you are the Vendor or the Purchaser, you will know and understand the cash flow of the transaction throughout the process.
For the Vendor, I work to determine a realistic succession program including determining a realistic selling price, introduce an effective marketing program, identify and qualify potential purchasers and negotiate the very best transaction in a timely fashion, all the while minimizing industry gossip, speculation and anxiety of those close to the practice. For me, the best price is one combining the highest possible dollar value in conjunction with the best purchaser to carry on the practice legacy in honor and respect of the previous owner.
For the Purchaser, I work to identify priorities and objectives leading to confirming a reasonable purchase price, negotiate safeguarding purchaser terms and conditions, obtain necessary acquisition financing, oversee the legal documentation and clarify the jargon all the while providing guiding support and advice in transitioning the practice ownership, support employees and clients all in line with making a lifelong dream come true.