Valuation of Veterinary Practices: Understanding the Theory, Process, and Report

Established methods for valuing veterinary practices have evolved over time, and valuation theories have become more standardized as buyers have continued to refine the best methods of seeking and acquiring quality practices. Unfortunately, valuations cannot be reduced to a formula that consistently yields reasonable results. No two practices are identical. Thus, the value of a practice is not a single figure, but a range of reasonable values at that point in time. Valuation of Veterinary Practices provides insight into valuation theory and practice for both owners and potential buyers. It also provides information on appraisers, along with tips on how to effectively work with one. The second edition has been updated with: - More in-depth discussion on choosing an appraiser - How the purpose of the valuation impacts the choice of method(s) - How the same adjustments to earnings can t be used for all purposes - The use of discounted earnings/cash flow for some practices - When and how valuation is important to veterinarians Both owners and potential buyers will benefit from knowledge about how outsiders may view a particular practice and how such insight can help them build or buy a better practice. Includes a sample valuation from beginning to end.