Should Brokers Sell My Practice?
Components of the content supplied within this page can be credited back to Simmons & Asscoiates Inc., Veterinary Sales & Appraisals.
For any queries you may have regarding Veterinary Sales or Purchases, visit the Simmons & Associates Inc. website.
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You are entitled to ask yourself this question. The practice is yours, after all. You are free to do what you want with it – even to sell it yourself.
However, following the same logic, your clients could treat their pets instead of coming to your clinic. Most of them will not risk the well being of their pet, so they will visit your clinic for proper treatment and medication, because you have the expertise to offer such services. They will also pay you for your services, because they want their pet taken care of.
Selling a practice is similar to this. For most practitioners, there is emotional attachment involved and the sale could be the transaction of a lifetime. While paying fees to a broker might not be a pleasant thought, why would you decline the opportunity to benefit from their experience and services? In the end, they have taken such transactions to successful completion many times.
They would assist you with assessing the right price, advertise your practice, handle the inquiries, and help with financing and paperwork, find buyers – all towards the smooth and uncomplicated closing of the deal. It will probably take a broker less time to do it too than it would take you.
Brokers are experts in their fields, and until the successful completion of the sale they will make your interests their top priority. By taking over all the small and time consuming things a sale process involves, the broker will give you the best value for the fee you paid time to practice your profession.
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