Veterinary Practice Sales
Selling your practice can seem like a daunting task, but it doesn’t have to be. When you work with us, we’ll make sure you understand the process start to finish, walk you through the steps and make the process as easy and efficient as possible.
An Efficient & Culture-Focused Process
- We’ll start by doing our own valuation which will be done the same way as the corporate buyers do theirs.
This is essential for two reasons:
First, it sets a realistic expectation for what your practice is worth.
Second, we uncover the key questions and details buyers will want to know BEFORE sending your information to them. This one crucial step, which other brokers do not take, saves a significant amount of time for everyone involved in the transaction and ensures you get the best offer possible from buyers. - Once we complete our valuation and answer all questions that came from the analysis, we’ll combine all your information together and prepare a package for the buyers you’d like to get offers from. At this point, we do things differently than most other brokers. Instead of sending your information to 15+ different groups, We’ll select the top 5-7 best buyers based on matching the characteristics of your practice and the criteria of practices that each buyer is looking for. Filtering out buyers up front based on criteria such as location, preferred sale structure and other criteria saves time for everyone. It also makes your decision easier by providing you a select group of buyers that will already be a good match for you. Then, all you have to do is decide which one will be the best fit. This is where our culture-focused process kicks in. We will facilitate multiple conversations with each buyer to ensure you understand what they bring to the table, how they operate, what changes after a sale, how they will support you and ultimately if they are a good fit for your practice. This is essential to ensuring your practice continues to succeed after the sale.
- Once we get offers in, we’ll evaluate them together with your legal counsel to see which one offers the best price and terms. This is also when we’ll negotiate certain aspects of the deal. Once you have the right fit, pricing and terms you’ll accept the offer and move on to the closing process. It is here where having a dedicated and efficient legal counsel is critical to closing in a timely manner.
- After closing, it’s time to celebrate the payoff of all your hard work!
Practice Sales
Client Testimonials
We are proud to serve our clients with excellence and efficiency. Our goal is to provide the best experience possible for our clients.
Zach gave me and my veterinary clinic individual attention. He helped me to present my clinic in an efficient manner to several corporate partners and then helped set up interviews and compare them. We decided what fit I wanted and received several LOI’s which Zach then helped me renegotiate to come to the best offer from my preferred corporate partner. All done in a speedy manner of 2 months. I am very happy with the stellar service and attention Legacy Veterinary Advisers gave me.
Zach was a pleasure to work with and a great guide through the entire process. We would highly recommend his services.
What a great experience! We’ve tried to accomplish the sales process on our own in the past, and decided to bite the bullet and use a broker. Zach made the whole process so easy! He was attentive throughout the process and made sure that we were comfortable with every step. I would highly recommend Legacy Veterinary Advisors to assist in finding you the best possible culture fit for your practice!
Recently I used Zach with Legacy Veterinary Advisors to assist me with selling my practices to a corporate group. He had a plan to ensure we found the right buyer and ensure we received the best value. He helped all the way through closing to ensure the deal went smoothly and efficiently. He was more than just a broker connecting the buyer and seller. I highly recommend Legacy Veterinary Advisors!
It was a pleasure to work with Zach at Legacy Vet Advisors. He goes the extra mile to put a polish on your practice to present it to its fullest potential for prospective buyers. He listened to our needs and put us in front of like-minded buyers so we could feel comfortable with moving forward with our sale.
The best decision I made approaching the potential sale of my veterinary small animal practice was engaging Zach Pittman of Legacy Veterinary advisors. A number of my classmates and colleagues have walked through this process on their own and all felt overwhelmed, ultimately believing they had left money on the table. I had intended to interview several brokers, but after my first conversation with Zach, I knew he was the right person to shepherd me through the process. My first and foremost charge to him was to take care of my staff. From start to finish, Zach stayed true to his commitment of finding the best fit for my staff and our unique practice culture. At the same time, he developed a financial goal that was well above what I anticipated and then proceeded to make it reality. All of the corporate entities we met were genuine in their interest and would have been at least a good fit. My practice is now in the corporate fold with an outstanding company that my staff, my wife and I feel is the very best place we could have landed. Zach walked me through the difficulties I encountered, always remaining positive and focused the goals we had set. I heartily recommend Zach Pittman and Legacy Veterinary Advisors if you are looking for outstanding broker guidance and services in selling your veterinary practice.
I had considered working with a few other brokers when I was ready to sell my two practices. Zach was recommended to me by one of my classmates. It is a daunting process to go through. From determining the value of practices to getting the necessary documents and reports, reaching out to potential buyers, setting up interviews both online and in person, reviewing and negotiating offers, determining the best fit for my practices – Zach was instrumental in guiding me through the process. I was very happy with his services and highly recommend him.
Zach was instrumental in helping me evaluate, market, and eventually sell my veterinary practice. Zach was very thorough and honest in my practice evaluation and based on my practice culture, facilitated meetings with like-minded groups. I feel confident that these introductions allowed me to partner with the best possible group that would take care of my staff and continue the practice legacy.”
In spite of my reluctance to use a broker regarding the sale of my practice, looking back I see that there was absolutely no way I could have gone through this process without the help of Legacy Veterinary Advisors. Zach was so helpful from the very beginning of gathering our financials to presenting my company to prospective buyers. Then, most importantly helping me navigate between different companies, guiding us through everything from interviews, what to expect, to especially contract negotiations. He also guided me to legal counsel to help navigate the contract documents. I can’t thank him enough or recommend him more highly. It was a great overall experience.
This company exceeded my expectations! Zach is worth his weight in gold as he helped me navigate the many questions I had and helped me make the right decisions for me! He always had my best interest in mind and he knows the ins and outs of vet practices! Whether you’re exploring how to leave your legacy or just wondering how to make your practice more valuable, I highly recommend Zach! To top it off, he’s honest and open and a great value for the money! Definitely worth a phone call to discuss your goals!
Zach is phenomenal to work with! He did exactly what he said he would do without hesitation. If you are looking at taking the leap to sell, Zach is the man. I would be happy to talk to anyone for a reference. Feel free to reach out!
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you with excellence and efficiency