FOR many veterinary surgeons, the practice is their most valuable asset. Having a clear understanding of the value of a veterinary business is an essential first step when planning any type of transition, including admitting a colleague into partnership, retirement of an existing partner, selling the practice, or merging with another one. It is equally important for veterinarians contemplating the purchase of a practice or partnership, the establishment of a new practice, or entering into a franchise or joint venture. Here, John Sheridan describes the basis on which practices are valued, current trends in the marketplace and other factors that influence the value of businesses.
- British Veterinary Association. All rights reserved.
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