Updated: Apr 2, 2020
Step 1: Identify a qualified veterinary practice broker to help you with the sales process.
Our Principal Broker, Rebecca Robinson, specializes in veterinary practice sales and appraisals and is passionate about educating clients. She has over 15 years of experience in the industry and is a CBI (Certified Business Intermediary) accredited by the IBBA (International Business Brokers Association.) PSA has a full staff including our Executive Client Liaison, Dr. Brennan, who has his MBA along with his DVM. He has experienced the PSA buying & selling process personally! (You’re in good hands. We're glad you’re here)
Step 2: Obtain a veterinary practice appraisal.
Also referred to as a veterinary practice evaluation, PSA practice valuations are formulated using the excess earnings method. The practice appraisal is the foundation of a successful veterinary practice sale.
Step 3: Determine your specific needs and options when considering selling a veterinary practice.
· How long do I want to work before I sell my veterinary practice?
· Do I prefer to sell to an individual, my associate or a corporation?
· How long will it take to sell my vet practice?
· How much do veterinary practices sell for?
· Should I sell my veterinary practice?
· Can I afford to retire?
· How does my practice differ from other veterinary practices for sale?
All your questions and concerns will be addressed by an experienced expert veterinary practice broker.
Step 4: Market your practice.
Once you’re ready to move forward with the veterinary practice sale, PSA will build a mass marketing campaign to commence attracting your perfect match! From mailers, to publication advertising, to the world wide web, we specialize in how to sell a veterinary practice and get the job done!
Step 5: Procuring a buyer...the perfect buyer!
We know your practice legacy is important to you! It’s paramount not only to find a buyer, but to find the right buyer, one that is the perfect fit for your practice long after the veterinary practice sale has come to fruition. PSA also guides your buyer, step by step, through the veterinary practice sales process with an in-depth detailed review of the veterinary practice appraisal, access to the nation’s largest lenders, explanation of the current economic climate and expert advice on all matters in relation to the acquisition. Our aim is to make both you & your buyer comfortable regardless of either buying a veterinary practice or selling a veterinary practice. (We're passionate about both sides of the transaction being wildly successful!)
Step 6: The closing process.
The closing process takes approximately 6-8 weeks depending on whether your transaction includes the sale of Real Estate along with the sale of the practice. Typically, you (the seller) can expect to cash out 100% at the time of closing.
Rebecca Robinson Davis, CBI
©Rebecca Robinson Davis, CBI and www.practicesalesadvisors.com, 2019. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Rebecca Robinson Davis, CBI and www.practicesalesadvisors.com with appropriate and specific direction to the original content.