It can be overwhelming to include veterinary offices in the price. In this clip, the host explains some approaches to valuating a practice either for the buyer or seller.

First, consider fair market value. It is determined through a myriad of ways but its basic definition is the price that would be agreed upon between a willing buyer and an willing seller. Fair market value can be calculated using comps regardless of whether or not the data is from comparable markets or different sources. Information points like revenues, profits, income and assets are used to arrive at a fair market value. This strategy is generally favored by different doctors.

Another approach to assess an activity is as an investment or synergistic. The method is not based upon any precedent or standard and relies on the value a buyer is willing to be willing to pay. This allows buyers to compare and select from many alternatives before concluding a deal.

Reach out to us if you have any questions about valuing your veterinary clinic. Funeral services for practices in veterinary medicine are a crucial part of this process!

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