UNLEASH Your Potential: What to Know about Selling a Veterinary Practice; Corporate v. Private Sales

Selling a veterinary practice can be an intimidating and complicated venture for those unfamiliar with the transactional process. As an entrepreneurial veterinarian that spent years establishing and growing a practice, you should know what to expect when it comes time to sell the business you have worked so hard to build. Without the proper guidance, veterinarians seeking to sell a veterinary practice can enter into transactions without a clear understanding of the ramifications of the contracts they are signing. The aim of this workshop is to equip participants to navigate the six main phases of a veterinary practice transaction, each of which is critical. Phase one includes preparing your practice to go to market. Phase two includes the negotiation of a non-disclosure agreement and a letter of intent. Phase three includes understanding the terms and conditions of the offer. Phase four is often the due diligence process. After these steps are completed, the parties will move to phase five - negotiation of agreements and terms that will vary depending on the transaction. Finally, a closing is considered the sixth and final phase of the deal, and it is the date on which the sale is consummated in accordance with the executed contracts.

• How to effectively prepare to sell a veterinary practice
• The main phases of a veterinary practice transaction
• The key terms of a deal that matter most to their negotiating position