Listen in as VIN Foundation Executive Director Jordan benShea has a conversation with Dr. Bree Montana and Dr. Jose Pla in the next episode of the podcast series, The Future’s So Bright, the ins and outs of selling a veterinary practice. Jose takes us through the important aspects of sharing the story of your practice. What financial documents do you need? Do you need your tax records? And how important is production? What are minority partnerships? He also does a deep dive into the below five big categories of what needs to be considered when you are getting ready to sell your practice:
Top 5 categories to have when considering selling your veterinary practice:
- Lease information
- Financial records, make sure they are clean
- Make sure that practice management software is able to print out financial reports
- Think about your exit plan, are you willing to work and for how many years?
- Pay to have a professional evaluator ahead of selling, ideally 2 years
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Dr. Bree Montana
Bree Montana, DVM, CCFP graduated from the University of Cincinnati with a Bachelor of Science degree focused in the field of Biology followed by a Doctorate in Veterinary Medicine from The Ohio State University’s College of Veterinary Medicine. After graduation from veterinary medical school, Dr. Montana worked exclusively in small animal outpatient and emergency hospitals while pursuing additional medical training in the latest technologies. Dr. Montana has advanced training in ultrasonography, echocardiography, chemotherapy, dentistry, emergency medicine and surgery, transfusion medicine, class IV laser therapy, pain management and rehabilitation. A past member of UC Davis’ College of Veterinary Medicine’s External Advisory and Admissions Boards, and a past Board member of the VIN Foundation, Dr. Montana is the Director of the VIN Foundation’s Vets4Vets® programs. When not practicing medicine, Dr. Montana will generally be found playing with her daughter Ember and their ponies, hiking with her huskies, and skiing or snowboarding with her husband.
Dr. Jose Pla
Dr. Pla obtained his DVM degree from Cornell University in 1995 and his MBA from Rutgers University in 2018. As a practicing veterinarian he has a special interest in feline medicine, behavior, nutrition and gastrointestinal diseases. As a businessman he has been the owner or co-owner of five veterinary practices and a founding partner of Companion Animal Practices North America. Since obtaining his MBA, Dr. Pla shifted his focus to entrepreneurial ventures, practice management education and private practice transition consulting. He is an avid sailor, scuba diver and wanna-be photographer. Activities he shares with his wife and two sons.
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