How To Sell A Veterinary Clinic With Outstanding Results

If you own your own veterinary practice, there will come a time when you’ll want to create and implement a solid exit plan. The right exit plan will help you preserve your legacy and protect the people that have helped you build and support your business throughout the years. At Apollo Veterinary Medical Hospitals, we’re sharing everything you need to know about how to sell a veterinary clinic with outstanding results.

You might be tempted to search for veterinary practice buyers that can offer the most money or close the deal fastest. However, it’s important to consider your team. You want to make sure that your employees aren’t left fending for themselves. Thus, you should seek buyers that are willing to keep much of your team on while maintaining similar compensation and benefits and plans.

Your clients are important to consider as well. You’ve worked hard to build up your company’s goodwill and you certainly don’t want the new owners to destroy. Look for buyers who will maintain the same level of customer service and the same fantastic range of services. For instance, if you current offer pet dental care, grooming services, boarding services, and nutritional counseling, look for buyers that will offer these things, too.

Before you sell your veterinary practice, take the time to list out your goals. Decide which factors are most important to you. Are you concerned about protecting your clients and employees or do you have looming expenses and need to break even? You should also have your business appraised by multiple professionals and in multiple ways. Make sure that your goodwill is accounted for, your existing equipment, and the value of the trained talent you’ve hired.

At Apollo Veterinary Medical Hospitals, we buy veterinary clinics all of the time. Moreover, we make sure to preserve the legacies of the professionals who’ve founded them by retaining staff, offering an exemplary range of services, and making people and pets our top priority. For a fast, fair offer or to speak with one of our consultants, give us a call today!