Selling 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.
We 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:
The Intro Call & Questionnaire
Financials & Reports
Interactive Practice Profile, Marketing
Due Diligence & Contracts
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.
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.
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.
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.
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.
Our marketing efforts include: our Praxis buyer database, mail & call campaigns, journal ads, VMA classifieds, social media posts, virtual tours and interactive packet.
We screen all prospective buyers and require that they sign a confidentiality agreement prior to releasing any sensitive practice data regarding that opportunity.
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.
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.