Thinking of selling your veterinary practice? Maybe you’re looking for a new challenge or looking to retire. Or you have realised that you’d rather be spending more clinical time with the animals, rather than ensuring VAT and payroll returns are filed on time.
Whatever the reason, you’ll undoubtedly have lots of questions. How do you get the best value and price for your business? How easy is it to get a “clean exit” with a smooth handover and no hassle after you sell? Is it better to sell shares in a limited company or for the business to sell the business goodwill? That’s where we can help.
Truelegal: Specialist solicitors providing legal advice to veterinary practices
Truelegal has acted for sellers of over 30 veterinary clinics with an aggregate sale value of £35 million. The vet practices we have sold have varied from small animal single site, single owner clinics to multi-site, multiple partner shareholder owned multi-million pound businesses with hospitals in the group. As a practice we are known to some of the current vet-industry consolidators and have become respected legal advisors to the counterparties in their serial acquisitions.
We know our sharps from our ultrasound kit and Centaur from St Francis. We recognise that many vet practices use lease or HP finance to fund their equipment and how this is valued and transferred on a sale. We also recognise the peculiar planning conditions attached to some vet buildings and how this impacts on use and rentability. And where the RCVS fits in.
In short, we are familiar with the legal and tax ramifications relevant to a veterinary business sale which, from your point of view, means you can relax in the knowledge that your sale is in safe hands.
What’s more, we will give you a fixed price for our services at the outset so you have complete control of your legal budget.
Make a free enquiry
The sooner we become involved in the process of helping you to sell your Veterinary Practice the more likely it is that your sale will be successful, so please contact us today.
Our full contact details can be found on our Contact Us page.
We look forward to hearing from you.