“Owners of large practices enjoy the privilege of size in our industry. They can stay the course, relax, and enjoy the financial fruits of the business, or they can embark on grander visions aimed at expanding the gulf between themselves and their competition.”
Win Lippincott | Founder, Gretel Veterinary Advisory
At large practices, even a small change can have a large impact on the bottom line of a veterinary practice’s financials. Gretel’s team will conduct an intensive audit to unearth overlooked opportunities that exist in the revenue blend and operating cost structure of the practice, and provide a window into how corporate groups will value the business.
An oft-overlooked strategy for many large practices is expanding market share in leaps and bounds, as opposed to one pet owner at a time. Whether it be acquiring the client list of a smaller competitor, analyzing the feasibility of expanding services into areas like daycare, or opening a satellite location, Gretel’s strategy team can provide expert, objective analyses to aid in the decision-making process.
The problem with brokers in the industry today are that they want to sell your practice immediately (with their commission at front of mind). However, maximum value can be achieved by beginning the process 18-24 months in advance by partnering with someone who can proactively enhance the practice’s value AND position it optimally for sale. Gretel’s end-to-end services can do just that for practice owners.
We’re still training Compass. Perhaps try us by phone. Sorry. 🙁
At this time, Gretel Veterinary Advisory, LLC is only offering services to veterinary practices located within the following states:
AK, AR, CA, DC, DE, HI, ID, MT, ND, NH, NV, OR, WA & WY
We will be expanding our reach to cover the rest of the United States shortly.