Thinking about selling your veterinary practice?

Whether you’re thinking about an exit strategy, pursuing new opportunities, or simply need a fresh start, selling your practice is a big decision. Here are a few things to consider before making that leap:

✅ Evaluate Your Practice’s Value: Ensure you’re getting the full value of your hard work and dedication. Take a deeper dive into your finances and understand how a buyer is going to value your practice. Doing this early on is so important because you may want to work on a few things before taking your practice to market to increase value.

✅ Prepare for Transition: A well-planned transition will help maintain continuity for both your team and clients. Consider your personal timeline here! Depending on your production in the practice and how many FTEs you have, you will most likely have to commit to staying on board for 2-5 years post transition to receive the most value for your practice.

✅ Find the Right Buyer: Look for a buyer who shares your values and vision for the future of your practice. Remember – you will most likely have to work for them for a period of time, therefore, fit is so important!

✅ Work with Experts: M&A advisors, financial experts, and legal professionals can guide you through the process smoothly. Make sure you hire an advisor who has sold veterinary practices before and understands what the buyers are looking for in the current market. It is equally as important to hire legal counsel that has experience in veterinary M&A transactions.

Selling your veterinary practice is more than just a transaction; it’s about securing the legacy you’ve built while setting up for the future. Let’s make the next chapter of your practice’s story a success!

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