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Sell My Practice

Are You Looking To Sell Your Veterinary Practice?

At 1st Med Transitions, we understand that Selling A Veterinary Practice on your own can be a difficult and time consuming task. You may be asking yourself... is now the time to sell my Veterinary practice? Whether you are ready to sell or just starting to entertain selling your Veterinary practice, our transition advisors are happy to discuss your options.

We know that you have invested years of hard work and sweat equity into your Veterinary Practice. When it comes time to sell your Veterinary practice, you want to have the right team in place to help and support you every step of the way. At 1st Med Transitions, we have developed a streamlined process to generate the most potential buyers in the least amount of time and maximize the sales price of your practice.

STEP #1  Sales Consultation

This is the first and most important step in the process. We will discus your goals, objectives and timeline for sale and of course, answer any questions you may have. We will asses your current situation and provide you with our opinion on what the market will potentially bear for your Veterinary practice.

STEP #2 Practice Valuation

If we decide to move forward with a valuation review, your transition advisor will request financial's, practice reports and a practice profile to be provided. Upon review and analysis, your advisor will present his opinion of value for the practice and discuss the optimal pricing and marketing strategy.

STEP #3 Listing Period

Our goal is to maximize the pool of buyers who have a chance to review your listing. The more competition we can generate for your practice, the higher the potential for sale and maximum income. We accomplish this through our extensive Marketing Verticals including Paid Search, SEO, Email, Social Media, Industry Web sites & Forums, Direct Mail to Home and our always growing database of 10,000+ Veterinarians Nationwide..

STEP #4 Review Offers

One of the most overlooked part of the Veterinary Practice Sales process is the sales negotiation. Every contact between buyer, seller and broker, from initial discussion to closing, is an opportunity to lay the groundwork for future negotiations. One single event does not typically lead to the successful sale of your Veterinary practice. It is a combination of the presentation, offering memo, timely communications and direct industry knowledge that lead to a win-win negotiation.

STEP #5 Due Diligence

We've accepted an offer, but our work is not done. The difference between a closed transaction and a failed one, can many times comes down to the attention to details. We will work with the buyer on reviewing the books, practice reports, securing financing (if needed) and sales contract negotiations.

STEP #6 Closing & Transition

There are a number of aspects that lead to a successful closing - deal structure, non-competes, escrow, representations and warranties and transitions agreements. We stay on top of every step in the process from the marketing, letter of intent, due-diligence to the purchase & sale agreement and ultimately closing.

The sale is finally closed, but our job is not yet complete. Perhaps one of the most important, but often overlooked parts of the sales process is the Post Close Transition Period. There are many factors to consider, including credentialing, procedures and systems training, employee management, insurance transfer, etc. Our Transition Advisors make sure both parties are comfortable with the plan and are always available to help execute it.

To get started, complete our Veterinary Practice Sales Consultation Form Here and one of our experienced practice transition advisors will contact you within 24 hours.

Search Active Buyers In Your State:

Why Sell With 1st Med?
  • Save With 5% Commission
  • Direct Industry Knowledge
  • Free Practice Valuations
  • Flexible Listing Agreements
  • DSO & Independent Buyers

Have Questions?

Our Transition Advisors are happy to answer any and all of your questions.

Michael S. Furlong

Senior Transition Advisor


(800) 815-0590
All Discussions Are 100% Confidential

Featured Seller Articles
26+

years of industry experience

188

satisfied clients and counting

$155 Million

in closed practice transactions

Why Sell With 1st Med?

1st Med can assist in all of your dental practice sales needs. Let our transaction experience, extensive network of healthcare resources and clear commitment to personalized client service go to work for you.

Our Listing Process Is Simple

GET STARTED
  • 1

    Initial Consultation

    Complete our Sales Consultation Form Here and one of our transition advisors will contact you to discuss your sales goals.

  • 2

    Practice Review & Valuation

    Your Transition Advisor will listen to and discuss your specific professional and sales goals and review the financial and clinical aspects of your practice. With your input, we will determine a reasonable market value and listing price for your practice.

  • 3

    Activate Your Listing

    We will market your practice for sale through our multiple marketing channels to reach the maximum potential buyers and generate as much interest as possible!

What Our Client's Have To Say

  • Dr. Anthony Remillard, DVM

    "I'm very appreciative of everything you did, and I am very happy that I went with you versus your competition. I would gladly give you a positive recommendation to anyone who asks."

  • Josephn Branstutter, DVM

    "I appreciate all the help you've given over the last several months. Your advice throughout the process was invaluable. Throughout zoning, ordering supplies, and other small details, you assured the process was smooth from start to finish!"

  • Christina Polit, DVM

    "Once again, THANKS guys! Michael, David... You guys are AWESOME... You have no idea how grateful we are. We really wish you the best... You are impacting people lives! . "

Questions?

Ask a specialist?

To speak with a Practice Transition Advisor Call Us: (800) 815-0590 or

Click Here To Get Started