Episode #124
Starting vs. Buying a Veterinary Practice: What Veterinarians Need to Know Before Becoming Owners
Should you build your veterinary practice from the ground up—or buy one that already has clients, cash flow, and systems in place? In this episode of the Veterinary Business Podcast , Angie sits down with Mira Johnson, CPA, CVPM, MBA, Integrator at CPAs for Veterinarians, JF Bell Group , to unpack one of the biggest decisions veterinarians face on the road to ownership: starting a de novo practice versus acquiring an existing one . Mira breaks down the financial and operational realities behind both paths—from the freedom of creating a practice around your own vision to the challenges of building a client base and reaching profitability. She also explains what prospective buyers should examine before purchasing an existing hospital, including valuation, due diligence, culture, location, financial performance, and whether the practice truly fits the type of medicine and client experience they want to provide. In this episode, you'll learn: How to decide between starting and buying based on your goals, finances, risk tolerance, and vision The advantages and financial challenges of a de novo veterinary practice Red flags to watch for when evaluating an acquisition Why veterinary-specific valuation and due diligence matter The first financial steps to take before pursuing ownership Why understanding your personal "why" matters before becoming an owner How real-time financial data and the right advisory team can help you avoid costly mistakes Why marketing should be part of your ownership plan from the beginning Thinking About Growing Your Veterinary Practice? Opening the doors is only the beginning. Whether you're starting a new hospital, buying an existing practice, or already operating one, sustainable growth also depends on making sure the right pet owners in your community can find and choose you. The Veterinary Business Institute is offering a complimentary Veterinary Marketing Strategy Meeting where the team will review your online presence and identify opportunities to strengthen local visibility, improve your Google presence, attract high-quality new patients, and create a more consistent flow of new patient calls. Book your complimentary strategy meeting: www.veterinarybusinessinstitute.com/msm If veterinary practice ownership is part of your future, this conversation will help you understand the questions to ask—and the numbers, systems, and support you need—before taking the leap.
