• Vetiranary Medicine
  • ACVCACVC
  • DVM 360
  • Fetch DVM 360Fetch DVM 360
DVM 360
dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care
dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care
By Role
AssociatesOwnersPractice ManagerStudentsTechnicians
Subscriptions
dvm360 Newsletterdvm360 Magazine
News
All News
Association
Breaking News
Conference Coverage
Education
Equine
FDA
Law & Ethics
Market Trends
Medical
Politics
Products
Recalls
Regulatory
Digital Media
dvm360 LIVE!™
Expert Interviews
The Vet Blast Podcast
Medical World News
Pet Connections
The Dilemma Live
Vet Perspectives™
Weekly Newscast
dvm360 Insights™
Publications
All Publications
dvm360
Firstline
Supplements
Top Recommended Veterinary Products
Vetted
Clinical
All Clinical
Anesthesia
Animal Welfare
Behavior
Cardiology
CBD in Pets
Dentistry
Dermatology
Diabetes
Emergency & Critical Care
Endocrinology
Equine Medicine
Exotic Animal Medicine
Feline Medicine
Gastroenterology
Imaging
Infectious Diseases
Integrative Medicine
Nutrition
Oncology
Ophthalmology
Orthopedics
Pain Management
Parasitology
Pharmacy
Surgery
Toxicology
Urology & Nephrology
Virtual Care
Business
All Business
Business & Personal Finance
Hospital Design
Personnel Management
Practice Finances
Practice Operations
Wellbeing & Lifestyle
Continuing Education
Conferences
Conference Listing
Conference Proceedings
Resources
CBD in Pets
CE Requirements by State
Contests
Veterinary Heroes
Partners
Spotlight Series
Team Meeting in a Box
Toolkit
Top Recommended Veterinary Products
Vet to Vet
  • Contact Us
  • Fetch DVM360 Conference
  • Terms and Conditions
  • Privacy
  • Do Not Sell My Information
  • About Us

© 2023 MJH Life Sciences and dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care. All rights reserved.

Advertisement
By Role
  • Associates
  • Owners
  • Practice Manager
  • Students
  • Technicians
Subscriptions
  • dvm360 Newsletter
  • dvm360 Magazine
  • Contact Us
  • Fetch DVM360 Conference
  • Terms and Conditions
  • Privacy
  • Do Not Sell My Information
  • About Us
  • MJHLS Brand Logo

© 2023 MJH Life Sciences™ and dvm360 | Veterinary News, Veterinarian Insights, Medicine, Pet Care. All rights reserved.

Buying an Existing Veterinary Practice May Be Better

December 30, 2016
American Veterinarian Editorial Staff

Karl Salzsieder, DVM, JD, CVA, Owner of Salzsieder & Associates, TPSG, LLC / DBA Total Practice Solutions—­Northwest, discusses why it’s better to buy existing veterinary practices rather than starting a new one.

Advertisement

Karl Salzsieder, DVM, JD, CVA, Owner of Salzsieder & Associates, TPSG, LLC / DBA Total Practice Solutions—­Northwest, discusses why it’s better to buy existing veterinary practices rather than starting a new one.

Interview Transcript (slightly modified for readability)

­­­

“Actually I would agree with that question that yes it’s better to buy existing [practices]. In general, with exceptions of a few demographics where there’s major industry growth areas where the city is just growing out houses, other than that, I would strongly recommend that they don’t start more veterinary hospitals because commonly there’s too many already.

And, as you say, if you start a new practice you can go 2 years plus in time before it becomes cash flow positive, so you’re better off to spend your money for an existing practice that has cash flow, clients at the door, and immediately you can be in the black if you buy the right practice for the right price, which obviously should be valued by an evaluator, rather than just some random price, like the falsity of 30 years ago that it was worth a year’s gross that is now based on earnings. So, that doesn’t apply anymore. Those issues are very important.”

Related Content:

Expert Interviews
Managing wounds in pet patients
Managing wounds in pet patients
Tools for building a growth mindset
Tools for building a growth mindset
3 Must-sees from the Fetch Charlotte conference
3 Must-sees from the Fetch Charlotte conference

Advertisement

Latest News

Managing wounds in pet patients

Spectrum of care: protocols to support pet owners’ budgets

How to support women while still running a successful business

The Vets expands to Raleigh, NC

View More Latest News
Advertisement