Frequently Asked Questions
The ideal time to begin the process of a sale of your business is 3 to 5 years before you plan to fully exit the business. This time frame allows us to strategically enhance the value of your practice and find the right buyer.
We hear from veterinarians every day that the two most important factors in the sale of their business are 1) The value of the business and 2) The ongoing care of the practice’s current team. Our process includes discussing your team’s future, ensuring potential buyers have compatible values and plans to ensure the staff are fully cared for after the sale.
We conduct thorough vetting of potential buyers to ensure alignment with your practice’s culture and values. You will be intimately involved in the selection process, allowing you to choose the buyer that best fits your needs.
There are no upfront fees and we are paid only if you are entirely satisfied with the end result of our service. Our fee is based on a predetermined percentage of the final sales price of the business assets only. None of our fee is derived from the sale or lease of real estate. This ensures that our goals are directly aligned with yours, to maximize the value of the sale of your business. We are paid at closing, assuming your objectives have been met.
Utilizing the services of Nelson & Associates provides you with expertise in valuation, negotiation and avoiding the pitfalls of wading into unchartered territory without an experienced advisor. Our expertise will greatly enhance your chances of achieving a favorable outcome. We handle all aspects of the sale, allowing you to focus on running your practice until the sale is complete.
Absolutely. We can guide you on various improvements and strategic decisions to enhance your practice’s market value, such as optimizing operational efficiencies, expanding services or updating technologies.
Yes, maintaining confidentiality is our highest priority. All interested parties are bound by strict Non-Disclosure Agreements to ensure that the sale is conducted discreetly. This protects your business interests and staff morale throughout the process.
It is common for veterinarians to remain involved in their practice for a transition period after the sale, typically ranging from 2 to 5 years. This period allows for a smoother handover to the new owners and helps maintain continuity of care for patients and staff.
Our process includes an initial consultation to understand your goals, a comprehensive market value assessment, marketing to qualified buyers, negotiations and finalizing the sale. Throughout, we prioritize your objectives and provide expert guidance.
We offer solutions for veterinarians looking to step back without fully exiting the business. This may involve structuring a partial sale or finding a partner who can gradually take over responsibilities, allowing you a flexible transition.
