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Traffic Ahead: Roadblocks to Selling a Practice
Manage episode 300727365 series 2843427
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Dr. Gary Ackerman, the Founder of Ackerman Group, joins us to talk about how veterinary practice owners can successfully navigate the complex process of business transitions in today’s busy seller’s market.
Dr. Ackerman also shares some of the pitfalls to avoid along with great financial advice.
Topics discussed:
- Why it is a seller’s market at the moment and which factors contribute to the interest.
- Pitfalls to avoid and why due diligence is important from both sides.
- The value of including a stabilization process.
- The rising temperature on single veterinary transactions and how small practices become bigger practices over time.
- Your options in Joint Ventures and Private Equity.
- How some companies focus on both margin expansion and arbitrage.
- How to begin the process of selling your practice and how Ackerman Group can help.
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