1. Do I really need a business consultant?
A:Buying or Selling a Veterinary practice is the most complex transaction you’ll ever embark upon. Rely on an expert to help you increase your potential and minimize your investment risk. Not choosing to engage professional assistance often proves to be a costly mistake.
2. What if I find a business for sale by owner?
A:Even if you find a "For Sale By Owner" practice, it is still in your best interest to protect yourself by having your own representation. Practice Sales Advisors offers Buyer representation and will be your advocate working exclusively for you during the entire transaction.
3. Where do I begin if I want to sell my business?
A:We will lead you through the process step by step with you in control at all times. Our trusted advisors will begin with a complimentary consultation to personally evaluate your individual needs and the specifics of your veterinary clinic.
4. Is buying a Vet Practice the right move for me?
A:Ownership is a big responsibility and not an endeavor to take lightly. Call PSA today for a complimentary buyer consultation. We will listen to your needs and desires and help you come up with a plan for your future.
5. What are the best ways to market a practice for sale?
A:Due to a limited market, it’s in your best interest to engage an experienced marketing team. Practice Sales Advisors offers national exposure with a personal touch. We offer buyers services that other brokerages don’t, so buyers are in constant contact with us due to mutual respect and admiration.
6. How can I afford to pay a million dollars when buying a veterinary practice
A:Most buyers don’t realize how easy financing can be with the right guidance. As long as a practice has adequate cash flow/earnings you CAN afford to buy a million dollar practice while simultaneously building a future and equity for yourself, while exceeding average associate salaries. Talk about a win/win! Seek qualified help from PSA. We not only share the practice valuation information with you, we spend hours reviewing it, enabling you to truly understand the earnings & valuation methodology.
7. What is involved in a veterinary practice valuation?
A:Valuation is the foundation to all transactions. It’s vital to ensure you are working with a qualified consultant when obtaining valuation advice. Ms. Robinson is a certified CBI, Certified Business Intermediary and has specialized training through the International Business Brokers Association specifically in valuation. She has specialized in veterinary practice valuation for over a decade. A forensic analysis is performed, analyzing income generation along with each expense ensuring accurate appraisal. Valuation is a complex process, but one we feel is of the utmost importance for clients to understand. We pride ourselves on client education, because if you feel comfortable with the process, you are more likely to be successful.
8. What should I look for in a veterinary practice broker?
A:Not all practice brokers are created equally. Practice Sales Advisors offers services that other brokers do not, such as: post sale valuations, detailed consults explaining the valuation process, guidance versus instruction during the transaction. But where we excel is with our patience and understanding. These are key components to our service because we understand that this is likely the largest endeavor of your professional career. At PSA, we get small business; we don't operate like a large corporation any more than you do. We know where you're coming from and have been in your shoes. That is what sets us apart.
9. What are my options when selling my vet practice to a corporate buyer?
A:Practice Sales Advisors will help you determine if you are a fit for a corporate buyer and facilitate such a sale. We have a list of viable corporate buyers we can contact and present multiple offers to you.
Practice Sales Advisors
Practice Sales Advisors' greatest wish is to see you achieve your goal of buying or selling a veterinary practice. It is our privilege to be a part of one of the biggest decisions of your life. We will guide you, advise you and celebrate with you.
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How we can help
If you do not find the answers to all of your questions on this site, we hope that you will contact us, and one of our advisors will be happy to discuss the process with you.