Sellers: Selling Your Veterinary Practice
Your Best Interest is the Heart of Our Relationship
When you’re ready to sell a veterinary practice that you have spent years pouring your heart and soul into, you need the experience of a dedicated professional with extensive expertise in veterinarian real estate. It's not just about finding a buyer with the highest offer; it’s about finding the right buyer. Our goal is to find you a buyer who will continue to care for your veterinary clinic, animal hospital, or specialty practice with the same dedication and passion you have. Practice Sales Advisors has a proven nationwide track record of success for finding outstanding veterinarians, individuals, and corporations in the market to buy a veterinary practice.
Exclusive Seller’s Representation
When you hire Practice Sales Advisors to sell your vet clinic, hospital, or specialty practice, you get exclusive seller's representation. Our nationwide service and relationships with industry professionals offer maximum exposure for your veterinary practice listing.
In addition, our firm is one of the few national veterinary practice brokers that co-lists with other brokers for maximum visibility. We also carefully screen prospective buyers and require a non-disclosure agreement before providing any financial or sensitive information concerning your practice operation.
Why Choose Practice Sales Advisors
We know deciding to sell your practice is not always an easy choice to make. As your exclusive seller's representative, our professional team and nationwide resources handle everything from initial consultation to closing. Our services include tax consultations with leading industry experts to minimize capital gains exposure. We offer a comprehensive turn-key solution, so you can continue to manage your practice while our veterinary experts navigate the entire sales process.
Nationwide broker representation provides maximum exposure.
A turn-key process allows you to continue managing your practice.
Certified Negotiation Expert ensures you get the best possible price and terms.
No upfront practice listing or marketing fees.
We get paid when we sell your practice
How to Sell Your Veterinary Practice
Are you thinking about selling your veterinary practice? This convenient guide will help acquaint you with the process.
Step 1: Make sure your business and financial documents are in order.
It’s vital to ensure your business and financial records are up to date before beginning the process of selling your practice. When conducting due diligence, prospective buyers will want to review your financial records and other legal documents.
Consider your specific needs and options, such as planning for retirement, investments, and how long it may take to sell your practice, for example.
Step 2: Schedule a consultation with an experienced veterinary practice broker
Selling a veterinary practice requires the assistance of an experienced industry professional to navigate the many variables in the process. For more than 15 years, Practice Sales Advisors has built long-lasting relationships, successfully matching practice sellers with buyers. Since our professional team handles the entire transaction, you can continue to manage your practice with peace of mind.
Step 3: Obtain a Practice Appraisal
How much is your practice worth? A practice appraisal, also referred to as a practice valuation, is a snapshot of your practice’s revenue growth and profitability to determine its current value. Ideally, you should have a practice appraisal every three to five years. A practice appraisal is an essential tool for understanding your practice’s current value so you can plan for the proceeds you may receive from the sale.
Step 4: Practice Marketing
Once you are ready to list your practice for sale, a professional marketing campaign will reach prospective buyers. We create a customized mass media marketing campaign that includes advertising in industry publications, mailers and exposing your practice listing to prospective buyers looking for veterinary practices for sale across the internet for maximum exposure. In addition, we take care of all the sales and marketing expenses with no upfront cost.
Step 5: Buyer Recruitment
Once marketing efforts are underway, our team works diligently to find the prospective buyer who will be a perfect fit for your practice. Our firm works directly with individuals, brokers, partnerships, corporations, and other buyers who have an interest in purchasing your veterinary clinic, hospital, or specialty practice.
We set up facility tours, handle the negotiations, work with lenders, and prepare contracts and other documents to facilitate the sale. Although Practice Sales Advisors takes care of the entire sales and negotiating process, the decision on whether to accept a buyer's offer is always entirely up to you.
Step 6: Closing the Sale
Once we find the perfect buyer for your practice, we’ll begin the closing process to finalize the sales transaction. The closing process generally takes six to eight weeks, depending on lender approval and whether your practice includes the sale of real estate. Your sales advisor will keep you informed every step of the way.
Finally, on the designated day of closing, the funding for the purchase is received, ownership of the practice is transferred to the new buyer, and you receive the proceeds from the sale. Congratulations!
Sell Your Veterinary Practice
At Practice Sales Advisors, our goal is to make selling your veterinary practice as easy and enjoyable as possible. From initial consultation and buyer recruitment to negotiations and closing, you can count on us for expert guidance every step of the way. We strive to secure a sale that rewards the investment you’ve poured into your business and a buyer who will serve your clients and lead your staff with the passion and integrity you would.
Contact us toll-free at (844) 4PSA HELP to speak with an experienced sales advisor about selling your veterinary practice today!