By Simon Palmer and Harry Nicolaidis If you are looking at buying a veterinary practice, it is likely that you will be asked to sign a Confidentiality Agreement or Non-Disclosure Agreement at some stage. There are a lot of misconceptions about these agreements, what they mean and if they are enforceable. In this article, we […]
It is quite common for practice owners to be fearful of how the staff will react if they learn that their practice is for sale. While it is, of course, always possible that a practice could experience some staff attrition when it changes hands, it is, in fact, extremely rare. Believing that the staff will […]
Once a Vet has decided that they want to be their own boss and own a vet practice, the next question that they face is “should I buy an existing practice or set one up from scratch?” Regularly, Practice Sale Search will be selling a small practice, where the potential buyer will argue that, for […]
While COVID-19 lockdowns and their economic impact ravage the country, I think that it may be a good time that we in the vet industry take pause and reflect on how much better insulated our business is from our neighbouring cafes, restaurants and retail shops. We are considered an essential service, allowing us to remain […]
When a practice is valued, it is often for goodwill and equipment, “plus stock”. That is to say, the stock levels will be determined closer to settlement and an amount added to the valuation to compensate the vendor for the stock that will be onsite at the date of transfer. There are a lot of […]
Every year, some great practices will come to us asking what we know about a new veterinary aggregator that is marketing itself or approaching veterinary practices directly. New aggregators come and go every year and generally have the same few things in common: They will have a glossy executive summary brochure, showing a group of […]
The end/beginning of the financial year is an important time for most veterinary practices – it is often a quiet time in the clinic, but a busy time in the office and for management. A bit of a checklist could include: Creating a budget for FY2022 – there is a lot of talk about creating […]
So, you’ve decided to sell your practice and after years of blood, sweat and tears, doing whatever’s necessary to build it into the success it has become, you want to make sure you get top dollar for it. One of the primary indicators of the price that a buyer will be willing to pay is […]
Have low interest rates lead to higher valuations for vet practices? Real estate prices have gone up in all major cities, has this been reflected in vet practice valuations? Our valuations are based on profitability before interest, so no, interest does not influence our valuations. Practices have become busier and more profitable – this has […]
Practice Valuations, Exit Consultancy and Practice sales
Valuvet has been providing appraisals to the veterinary profession since 1996. Our appraisals are formualted by a veterinarian, accountant and practice sales expert, representing the perfect combination of perspectives. We understand your practice like no one else can.
Give us a call on (07) 5292 5162 or get in touch online!
2 Genoa Court
Cleveland, QLD 4163
PO Box 245
P (07) 5292 5162