Practice Valuations
Valuvet has been providing appraisals to the veterinary profession since 1996. Our appraisals are undertaken by experienced specialist veterinary accountants. We understand your practice like no one else can.
ValuVet
2 Genoa Court
Cleveland, QLD 4163
Australia
P (07) 5292 5162
Overcoming the Business Ownership Stockholm Syndrome
/by Simon Palmer“Stockholm Syndrome” is a term that is used to explain a psychological phenomenon where hostages can sometimes develop positive feelings and a bond with their captors. Strangely enough, it is possible for the phenomenon to extend its grip into aspects of our lives, like business ownership. Initially, business owners talk about their business like it […]
The current slow down in many practices requires proactive action
/by Paolo LencioniThe need for taking active steps to drive business is so important that business advisory software (Profitdiagnostix) has made some additions and are offering direct marketing software. They are using text messaging services for pet owner re-activation and engagement. Veterinary practices have an advantage of being able to access large lists of pet owners as […]
“What’s the formula?”
/by Simon PalmerOne of the most common questions that we get from people when they hear what we do is: “What’s the formula that people use to work out the price of practices nowadays?” Sometimes, they follow up with a half-remembered formula that someone once told them, like: • “30 years ago, when I bought my practice, […]
ValuVet director comments February 2024
/by Paolo LencioniNow is a good time to have a long look back at what the veterinary economy is doing and also get an understanding of how we have been measuring this, because any analysis of this nature is only as good as the data used. Much like a clinical trial for a medication which you are […]
Why buy the practice premises?
/by Simon PalmerEvery vet practice has a premises to operate out of that they either lease from the premises owner or own themselves. Occasionally, a practice owner that is leasing is given the opportunity to buy their premises at a reasonable/fair price… If you, as a business owner, have this opportunity: – What are the relevant considerations […]
Practice Purchase Deposit FAQs
/by Simon PalmerThere are many misconceptions about the role that a deposit plays in a practice purchase transaction. Is it negotiable? Is it refundable? Who holds the deposit? How is it released? To provide some clarity in this regard, we thought we would answer some deposit FAQs. 1. What is the usual amount of a deposit in […]
What’s your Escape Velocity?
/by Simon PalmerWhat would happen if a terrible misfortune (health or financial) happened to you or a loved one? A misfortune that resulted in you needing to sell your practice in a hurry… Your practice may provide a great income for you and your family while you are working in it. It may be worth a significant […]
How to minimise selling “subject to…”
/by Simon PalmerWhen you are selling your practice, signing the sale contracts is certainly a milestone to be celebrated. It means that you’ve agreed with a buyer on all the variables involved in the price and terms of the deal. What many people will be surprised to hear, is that even though you have the signatures on […]
When “it’s not that bad”…makes it worse
/by Simon PalmerAll too often, veterinary practice owners only make the decision to sell their practice after several years of declining revenue and profit. Why is it that so many vet practice owners wait so long? They know that the declining revenue and profit will be depreciating their asset…Why is it that when they see this happening, […]