Is a Veterinary Clinic a Good Investment?

Discover how Total Practice Solutions Group can help you explore veterinary clinic sales. Call us today at 1-844-908-2967!

Whether you’re a veterinarian looking to own your veterinary practice or a business owner with a sweet spot for animals, you might be wondering, “is a vet clinic a good investment?”. However, there’s a lot to consider before buying or starting a veterinary clinic.

One of the most common questions is, “are veterinary clinics profitable?” The answer is: absolutely, but only if you know what you’re doing.

Luckily, our team at Total Practice Solutions Group is here to help. Veterinarians, attorneys, and brokers make up our team. Combined, our team has over 100 years of experience, and we can help answer any questions you may have about owning or running a veterinary practice.

Are Veterinary Clinics Profitable?

Potential profitability is one of the most significant concerns among potential practice owners. Although every business’s revenue depends on various factors, such as location and resources, veterinary practice owners make much more than veterinarians. 

What Is the Highest Price for Any Veterinary Practice?

Like any business, starting or buying a veterinary practice requires an initial investment. What is the highest cost for any veterinary practice? The average cost of starting a veterinary practice from scratch can be expensive, but buying an established practice might be less than you would think. Check out our list of veterinary practices for sale to get a better picture of the opportunities available to you.

Along with buying the business/property, your practice will also require resources such as medication and specialized equipment like x-ray machines. While it’s possible to be both the practice owner and sole veterinarian, you’ll need to hire staff for positions such as:

  • Veterinary technicians
  • Receptionists
  • Assistants
  • Practice manager(s)

The cost of labor is typically the highest cost for any veterinary practice. Your veterinary clinic sales should cover your expenses and still produce significant profits.

Can You Own a Vet Clinic Without Being a Vet?

While non-veterinarian ownership of vet clinics is legal, some states require a veterinary clinic to be owned by a licensed veterinarian.

Given the nature of the business, it makes sense that veterinary practice owners should also be able to make sound veterinary medical decisions—especially in emergencies.

Ultimately, the question of “can you own a vet clinic without being a vet?” depends on location and preference.

What Services Does Total Practice Solutions Group Provide?

At Total Practice Solutions Group, it’s our mission to find solutions for our clients. Many of our brokers are veterinarians and either former or current practice owners, and we can help you with either buying or selling your veterinary clinic. Some of our services include:

  • Practice sales and appraisals
  • Buyer and seller representation
  • Contract negotiations
  • Comprehensive financial guidance for sellers and buyers
  • Real estate leasing and sales
  • Exit strategies
  • Assistance with starting your practice

Call Total Practice Solutions Group Today

Total Practice Solutions Group is passionate about providing excellent service to all our clients.

Whether you’re looking to buy or sell your practice or need guidance on increasing your veterinary clinic sales, our team is just one call away. Give us a call at 1-844-908-2967!