Selling your practice

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Selling your practice is a one-off opportunity so make sure you get it right.

Good profitable well managed practices of the right size and in the right location can still command a very high price if the sale is handled in a professional way by a team the understands the veterinary market. The successful sale of a practice still needs to have that relationship between the seller, broker and purchaser to obtain the best outcome. Direct marketing to practices has resulted in over 80% of practices being sold to the initial corporate approach without being offered on the open market, with a result that many practices are missing out on the true value.

Professionally managed practice valuations and negotiations can result in final sale prices being 25% and over the preliminary offers.For this to occur the practice sale should be handled by a team that both understands the veterinary market and has the right financial experience to justify their valuation.

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