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 that we are representing for sale 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 […]
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 […]
A practice or real estate sale is usually a high-stakes transaction involving hundreds of thousands, or millions, of dollars changing hands. Quite often, the buyer and seller will base the price paid for a practice on an appraisal or valuation that has been done by an accountant. …And yet, if a business or real estate […]
A valuation can be one of the most important tools in a business. It can help you with business strategy and planning, it can guide the decision to sell your practice and retirement planning. Somehow though, there is little understanding among vet practice owners surrounding: When should a practice owner get a valuation? Where they should go […]
The current paradox in the veterinary economy – high workload with vet shortages It certainly seems that for the veterinary industry, the current COVID-19 crisis has had an economic outcome that would have been hard to predict. While so many other industries have lost customers and had to reduce staff hours, the pet industry has flourished […]
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