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.
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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.
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"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."
Dr. Summer Mobley
Owner, Mobley Veterinary Clinic
"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. This was more than I had expected. The brokerage fee was the lowest in the industry and included the appraisal and the contract. There was no out of pocket cost because I paid the fee with the proceeds from the sale. They were not only knowledgeable and attentive but also communicative and accessible."
Dr. James Pearce
Owner, Stage Road Animal Hospital
"Praxis targeted the right buyers for my practice and handled every step of each buyer’s complex due diligence process. They knew all of the corporate buyers and how they think. Praxis emphasized our recent success and justified our explosive growth to the prospective buyers. They were not only professional and confidential but also insightful and detail oriented."
Dr. Kristina Frantz
Collinsville Veterinary Hospital
"Praxis sold my practice for over 50% more than I had been offered 2 years prior. We received multiple offers and sold my practice for over 100% of revenue. My broker negotiated and achieved my desired work schedule within my retirement timetable. The sales price was allocated favorably to provide me with as much of the sales proceeds as possible. Praxis is a company that I would recommend to my colleagues and a comprehensive service that more than pays for itself."
Dr. John Kasmersky
Broadway Animal Hospital
There are no fees for appraisals, analysis or contracts. You pay a fee only when the sale is final. The buyer's fee is financed with the practice loan and the seller's fee is taken from the sales proceed.
We can work with other advisors, but our range of knowledge provides a service which is all-inclusive that allows you to hire Praxis rather than an appraiser, accountant, and a lawyer.
We use an income-based approach that determines value by capitalizing earnings. While profitability largely determines price, we consider many other market factors.