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Buying A Veterinary Practice
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Be a Savvy Seller

Get the Best Offer When Selling A Veterinary Practice

Let Praxis help you end the uncertainty

Old Vet on Porch 2Selling your practice can be a stressful process, especially with so many unknowns involved. Practice valuations, finding buyers, and managing contracts is a complicated and convoluted process. The chance of blowing the biggest deal of your life and starting retirement off on the wrong foot is a genuine fear of many sellers. No veterinarian should have to feel this way or settle for any less than they deserve.  Save time, money and stress by partnering with Praxis. 

  • Find a buyer that's a great fit for the company you've built
  • Rest assured that you're following the right process for selling your practice
  • Don't stress about the details - Praxis will take care of the process from start to finish

Get the best price for your practice

The Ins and Outs of Selling to a Veterinary Associate or PartnerWe understand how frustrating it is to not know if you're getting the best deal, but when you work with Praxis, you can rest easy knowing we are working hard for your deal. Your Praxis advisor puts your interests above all else, focusing on the details and timeline, so you can focus on practicing veterinary medicine until the sale is final. Our history proves our dedication to our sellers:

  • Average sales price is 105% of revenue
  • Over 1,000 happy sellers
  • More than 30 years of practice brokerage experience

Your Path to Success

1. DEFINE YOUR STRATEGY

The Intro Call & Questionnaire

2. CALCULATE YOUR PRICE

Financials & Reports

3. FIND YOUR BUYER

Interactive Practice Profile, Marketing

4. CLOSE YOUR SALE

Due Diligence & Contracts

Define Your Strategy

Together we will analyze your goals, your practice, and your facility, and discuss the critical steps necessary for success in today’s market. This information lays the foundation for a detailed sales plan that is in line with your goals.

Learn How Your Strategy Is Defined

Calculate Your Price

After your strategy is defined, our team will work with you to provide us with the financials and reports necessary to perform a historical analysis, determine your true practice profit and calculate the price of your practice.

Calculate your sales price here

Find Your Buyer

Calculating a price is awesome, but finding a buyer that will pay that price is where the real magic happens. To find the right fit we will create a profile summarizing the opportunity, present it to individuals and consolidators in our buyer database and confidentially market your practice to prospects outside of our database.

Click here to find your buyer

Close Your Sale

Your closing is where the rubber meets the road. After you accept an offer, the buyer and the bank will examine your financials, confirm the valuation, verify the buyer can support the debt service, require legal documentation of ownership, agreements will be drafted and signed.

Learn how we help you close your sale

What Sets Us Apart

Fees

At Praxis, we do not get paid for trying. We get paid for succeeding. There is no charge for listing your veterinary practice, appraising your veterinary practice, or our consultation.

Knowledge

We are educated in law, finance, tax, valuation, and real estate. This knowledge allows you to hire Praxis rather than an appraiser, accountant, and attorney.

Deliverables

We request a 2-page questionnaire and only essential financials and reports. Our efficiency allows you to focus on running your practice rather than filling out forms.

Valuation

We use an income-based approach that determines value by capitalizing earnings. We maximize your practice’s value by adjusting personal and non-recurring expenses that are paid for by the practice.

Marketing

Our marketing efforts include: our Praxis buyer database, mail & call campaigns, journal ads, VMA classifieds, social media posts, virtual tours and interactive packet.

Confidentiality

We screen all prospective buyers and require that they sign a confidentiality agreement prior to releasing any sensitive practice data regarding that opportunity.

Get in touch with an expert

Schedule a call today

Compare Other's Fees vs. Ours

Others
$10,000
Cost if Closed: 8% of Price

Brokerage - 8% of fees

Appraisal - $5,000

Contract - $5,000

Immediate Cost - $10,000

Praxis
$0
Cost if Closed: 6% of Price

Brokerage - 6% of fees

Appraisal - Included

Contract - Included

Immediate Cost - $0

Schedule a Free Consultation

Contracts

Praxis provides veterinary contracts for: buy-sell agreements, associateship agreements, partnership agreements, merger agreements, shareholder agreements or limited liability agreements. Praxis uses its bilateral contracting approach to assist veterinarians in reaching a mutually beneficial contractual agreement. Praxis addresses potential problems in advance and provides equitable solutions that keep tempers calm and relationships strong.  This win-win approach results in a savings of money, time, and relationships. Let Praxis put its win-win philosophy to work for you.

Schedule a Free Consultation

Appraisals

Many veterinary practice brokers suggest that you get what you pay for and feel justified in charging $5K -$10K for a practice valuation. We believe that determining the value of a practice during a sale should be included, so we include it in our contingent fee - resulting in a free appraisal for both parties. We take the time to perform a thorough and detailed valuation but believe that determining the price is a means to an end. If you need an appraisal for management purposes, not as part of a sale, we will perform a practice valuation for a competitive fee.

Request Practice Appraisal

praxis-seller

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 dillgent but also personal, down to earth and very understanding of the many issues involved with a family business. Not only was the price that I recieved approximately three times what I had previously been quoted by other brokerage firms but within three months of my initial conversation with Praxis, my practice was sold! I truly can't say enough positive things about the Praxis team. They not only looked at my financial numbers but also asked questions and were able to recapitalize my practice numbers and in turn increase the value of my practice which others were not willing or able to do.

- Summer Mobley, D.V.M.

Praxis knew all of the corporate buyers and how they think. They targeted the right consolidators for my practice and guided me every step of the way through each buyer's complex due dilligence 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 oreiented.

- Kristina Frantz, D.V.M.

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.

- James Pearce, D.V.M.

Praxis supplied time-tested documents that gave me confidence in the closing process. Whether it was the Asset Purchase Agreement, Employment Agreement, Real Estate Sales Agreement, Escrow Agreement, all documents were clear and comprehensive.The agreements supplied by Praxis turned my intent into words and reflected my understanding. Praxis left nothing to chance in marketing my practice. They used both traditional and modern methodologies.

- Ronald Ferugson, D.V.M.

Praxis sold my practice for 57% more than I had been offered 2 years prior. We received multiple offers and sold my practice for over 100% of revenue. Their expertise in law, finance, valuation, tax, and real estate gave them the unique perspective to succeed in selling my practice when others had previously failed. My broker negotiated and achieved my desired work schedule within my retirement timetable. We favorably allocated the sales price which provided 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.

- John Kasmersky, D.V.M.