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Questions Frequently Asked by Veterinarians Who Are Thinking About Selling Their Practice

By Rod Johnston & Jim Vander Mey When should I start thinking about and preparing to sell my practice? The earlier the better, but no later than 3 years prior to selling your practice in order to optimize your sales price and find a good buyer match.  Practice values are typically based on 3 to 5 years of financial information with the numbers weighted heavier towards the most...Read More

Top Pitfalls To Avoid When Buying a Veterianry Practice

There are a number of things to look out for when buying a veterinary practice.  If you’re not careful, you could end up with a bag of tricks.  Here are some of the top pitfalls to avoid when buying a practice: 1. Not understanding the numbers. Be sure and know what normal veterinary expenses are and what may be extraneous. 2.  Assume the staff are all on board and will be staying with...Read More

When Do You Know You’re Ready for Your First Dental Practice? 

You have been out of dental school for over a year now, working as an associate, or a GPR assignment.  You’re getting antsy as the owner keeps giving you the new patient exams, fillings, and the mean, nasty patients they don’t want to see.  You’ve got the itch for a change, either to do a startup or buy your first dental practice.   But, how do you know you’re ready?...Read More

Selling Your Practice Does Not Mean You Have To Stop Practicing

Whether you have owned your practice for 40 years, or owned it for 5 years, selling your practice does not mean you are done practicing.  We often meet with veterinarians who are sick and tired of managing their staff, doing the bookkeeping, dealing with the ups and downs of the economy, and on and on.  The veterinarians are about to crack, but think they cannot yet sell their practice...Read More

Selling Your Dental Practice Does NOT Mean You Have to Stop Practicing

Whether you have owned your practice for 40 years, or owned it for 5 years, selling your dental practice does not mean you are done practicing.  We often meet with doctors who are sick and tired of managing their staff, doing the bookkeeping, playing games with the government agencies, dealing with the ups and downs of the economy, the changing environment of the profession, and on and on....Read More