Selling a veterinary practice allows you to realize your practice’s maximum financial benefit while making preparations to slow down or retire sometime in the future. Selling a veterinary practice is a significant business decision that affects your future income and retirement.
Owning a veterinary practice allows you to set the standard of care and client service you desire while significantly benefiting financially. Practice owners earn income for their production, management, and ownership while associates only receive compensation for their production.
After being told by two other national brokerage firms that my practice was a "No-Low Practice", Praxis looked at the same financials and three months later my practice has now been sold for more than one year's gross. Praxis was not only professional and diligent but also personal and down to earth. They not only looked at my financial numbers but also asked questions and were able to recapitalize my practice numbers. This in turn increased the value of my practice which others were not willing or able to do.
Mobley Veterinary Clinic
Praxis knew all of the corporate buyers and how they think. They targeted the right consolidators for my practice and handled every step of each buyer's complex due diligence process. Praxis emphasized our recent success and justified our explosive growth to the prospective buyers. They got us a fantastic offer and sold my practice for more than I had expected. They were not only professional and confidential but also insightful and detail oriented.
Collinsville Veterinary Hospital
Praxis listened to my objectives, targeted the right buyers and advised me on how to make my practice more attractive to those buyers. We received multiple offers and sold my practice for over 120% of revenue. The brokerage fee was the lowest in the industry and included the appraisal and the contract. Praxis is a company that I would recommend to my colleagues and a comprehensive service that more than pays for itself. They were not only knowledgeable and attentive but also communicative and accessible.
Stage Road Animal Hospital