As we all have seen, the Veterinary Practice Market has been through some drastic changes in the last couple of years. For those of you that still own your practice, you need to know what to expect for the future and plan accordingly.
With the corporate market declining, now is the time to really buckle down and concentrate on your profit margins as we are probably looking at a minimum of 3-4 years before we see a recovery. A valuation can help you pinpoint the areas that need improvement and need your attention in order to maximize your practice value and realize your greatest profit margin.
Let a professional help you delve into the ins and outs of your cost of goods, labor costs, production percentages, and current market trends so that your hard work and dedication pay off. The Brokers at TPSG believe that it is more important than it ever has been for you to engage a professional Broker to prepare you to sell your practice. It is also more important to start the process earlier than it ever has been in the past if you expect to maximize your practice value.
Len Jones
Total Practice Solutions Group