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What's it worth? Understanding the value of a veterinary business
Author(s) -
Sheridan John
Publication year - 2005
Publication title -
in practice
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.211
H-Index - 25
eISSN - 2042-7689
pISSN - 0263-841X
DOI - 10.1136/inpract.27.2.103
Subject(s) - general partnership , franchise , value (mathematics) , asset (computer security) , business , marketing , business practice , veterinary medicine , medicine , finance , business administration , computer science , computer security , machine learning
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.