Owning and running a Veterinary practice can be a very rewarding experience.
The income of veterinarians in group practice has continued to rise, although the income of traditional sole proprietorships may have stagnated. A group practice allows for increased revenue as well as increased purchasing power when it comes to medical equipment. A need is always present for quality veterinary care, approximately 39% of U.S. households have at least 1 dog and 33% have at least one cat. The challenge is finding the right location with the most favorable demographics and the right business to fit your particular needs and goals.
The process of buying or selling a veterinary practice requires the advice and guidance of a professional with not just experience, but also expertise in the industry. The Business Brokers at Murphy Business & Financial Corporation can assist you with industry research and locating the right business for you that will meet your specific needs. Murphy Business has over 140 offices located throughout the United States and Canada, providing unmatched service with far reaching resources, thus making us one of the largest and most successful brokerage firms in the industry. Our Business Brokers have many years of experience in a wide range of service industries and they know what it takes to create a high quality service oriented company.
Veterinary Business Key Factors
- Pets are living longer because of enhanced care
- Demand for specialists has risen
- Increased competition from pet store chains offering vet care
Employment growth for veterinarians is expected to increase by approximately 3% per year for the next 5 years.
Murphy Business and Financial Corp. is one of the largest and most successful business brokerage firms specializing in assisting buyers and sellers in the purchase and/or sale of a business. With over 140 offices conveniently located throughout the United States and Canada, we have unsurpassed access to buyers and sellers. Our proven process and system provides our clients with the means to achieve their goals through a successful business transaction. We promise that you will not find a more complete, thorough and professional experience as the one Murphy Business and Financial Corporation can provide.