Veterinary practice for sale and vet clinics for sale
A veterinary practice for sale is priced on normalized EBITDA, and published valuation guides put the range at roughly 6 to 12 times EBITDA depending on size, doctor count and growth. Solo doctor clinics sit at the low end, multi doctor hospitals with growth and a strong team reach the high end, and corporate consolidators sometimes pay above both. On CompanyBrokers every veterinary listing shows revenue, cash flow, doctor count, case mix, asking price and the implied multiple, while client records, staff files and the lease stay in a data room you open after an NDA and a proof of funds step.
- NDA signed
- Proof of funds
- Data room
Vet clinic for sale near me
Set a deal alert for veterinary practices by state, price range, species mix and minimum revenue, and new listings reach your inbox the day an owner or a broker publishes them. Small animal, mixed animal, equine, emergency and specialty clinics each have their own filters. Good practices are often sold quietly to a known buyer, so an alert beats checking a search page once a week.
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How much is a veterinary practice worth
Buyers start from normalized EBITDA, which means net profit plus interest, depreciation, one time costs and the owner's pay above or below what a hired associate veterinarian would cost. That last adjustment matters most. If the owner works as the main doctor and takes a low salary, a buyer deducts the market cost of that doctor before applying a multiple. Practice growth, number of doctors, revenue per doctor and whether the building is included move the number.
| Business profile | Annual revenue | Doctors and profile | Typical multiple | Indicative price |
|---|---|---|---|---|
| Solo doctor small animal clinic | $900,000 | 1 owner doctor, owner dependent | 3x to 5x EBITDA | $250K to $600K |
| Two doctor general practice | $1,800,000 | Owner plus associate, steady growth | 6x to 8x EBITDA | $800K to $1.6M |
| Multi doctor hospital | $3,500,000 | 4 doctors, techs, extended hours | 8x to 11x EBITDA | $2.5M to $5M |
| Specialty or emergency hospital | $6,000,000 | Specialists, 24 hour care | 9x to 13x EBITDA | $5M to $10M |
These rows are worked examples to show the math, not listings, and the multiples follow the ranges in public veterinary valuation guides. Put your own numbers into the business valuation calculator to see a range for a specific clinic, and read the full method in the business valuation formula guide.
What buyers check before buying a veterinary practice
- Three years of financials with exam, surgery, dental, pharmacy, lab and boarding income shown separately
- Active client count, new clients per month and revenue per doctor
- Associate doctor contracts, tenure, non competes and whether they will stay
- Medical records system, controlled substance logs and DEA registration status
- Equipment list with age and condition, including digital x ray and lab analyzers
- Lease terms and renewal rights, or the real estate if it is included
- State board of veterinary medicine rules on ownership and premises permits
- Pending complaints, malpractice claims and inspection history
Who can buy a vet practice and how the deal is structured
Many states let non veterinarians own a practice, and some require a licensed veterinarian as owner or as the person in charge, so the buyer type narrows quickly by state. Most deals are asset sales that include equipment, records, phone number and goodwill, with a transition period where the seller stays on as a doctor for six to twenty four months. Premises and DEA registrations are re issued to the buyer, which adds weeks to closing. Sellers commonly carry a note for part of the price.
Financing a veterinary practice purchase
Veterinary practices are a favorite of lenders because of steady client demand and clear cash flow. A buyer with two years of clinical experience can often qualify for an SBA loan to buy a business with 10 percent or more down, and lenders want tax returns, the lease and proof that a licensed doctor will run the clinic.
Selling your veterinary practice
Owners who reach the top of the range spend a year or two before listing adding an associate, documenting protocols and cleaning up records. Prepare three years of returns, a production report by doctor, the equipment list and the lease, then decide whether to list it yourself on the Owner Listing plan or work with a broker. The step by step version is in sell my veterinary practice.
How much does a veterinary practice sell for
Published valuation guides put veterinary practices at roughly 6 to 12 times normalized EBITDA, with solo doctor clinics lower and multi doctor hospitals higher. A clinic with $300,000 of EBITDA would usually be priced between $1.8 million and $3.6 million, plus real estate if it is included.
How do I value a veterinary practice
Normalize EBITDA by adding back one time costs and replacing the owner's pay with a market associate salary, then apply a multiple based on doctor count, growth, revenue per doctor and owner dependence. Add the building only if it is included, and subtract any debt that stays with the business.
Can I get an SBA loan to buy a veterinary practice
Yes. SBA 7(a) loans are widely used for practice purchases when the seller can document three years of returns. Lenders typically want a down payment of 10 percent or more and look for clinical experience or a licensed doctor who stays through the transition.
Can a non veterinarian own a veterinary practice
It depends on the state. Some states allow lay ownership and others require a licensed veterinarian to own or manage the practice. Check your state board of veterinary medicine and write the rule into the offer as a condition.
Is buying a veterinary practice a good investment
It can be, because pet care demand is steady and clinics have recurring clients. The risks are doctor and technician shortages, owner dependence and equipment that needs replacing. Buyers do best with multi doctor practices that have a stable team.