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A trusted broker knows the process of buying or selling a veterinary practice is an investment that impacts the rest of a person’s life and understands the importance of leaving a legacy. Financial considerations aside, vet practice buyers and sellers share similar goals: maintaining a vibrant practice before, during, and after it changes hands.
This goal is entirely attainable with a boutique veterinary sales partner. While corporate entities have name recognition, boutique brokerages are uniquely positioned to provide highly specialized services to meet both the intrinsic and extrinsic goals of their clients. Here are some key reasons why bigger isn’t always better.
Advantages of Working with a Boutique Brokerage Firm
1) Personalized Service
Smaller brokerages provide the best of both worlds: national reach with a personal touch. Unlike large firms servicing numerous clients across multiple industries, boutique brokerages often specialize in one particular market and take the time to get to know their clients personally. As a result, every decision — pragmatic or economic — is attuned to each client’s specific needs. Furthermore, representatives at a smaller firm will educate their clients on the buying or selling process, provide expert advice on properties, and keep clients informed every step of the way.
2) Flexible and Adaptable Processes
Boutique brokers are often more nimble than their larger counterparts. This flexibility and independence is an advantage on several fronts: smaller firms respond to your needs promptly, adapt to market changes quickly, and move the deal in the right direction for a quick sale and a smooth closing. This is not often the case with larger entities that are beholden to slow processes and bureaucracy.
3) Trusted, Experienced Professionals
Buying or selling a practice is a complex and time-consuming transaction that requires a considerable amount of attention. A larger firm with a more prominent name doesn’t always equal specialized skills and experience. Corporations are always hiring new brokers who may not be the most experienced veterinary sales partners. Yes, training is possible — but it is more likely to happen while you’re a client, versus working with the experienced brokers at a boutique firm.
Discover the PS Broker Difference
The PS Broker experience is unlike that of your typical brokerage firm. Composed of specialists across an extensive array of fields, our team provides intimate knowledge, professionalism, and personal touch.
PS Broker sells veterinary practices to independent buyers, consolidators, as well as private equity firms nationwide. Our expertise is working solely in the veterinary world, and we spearheaded the field of Veterinary Practice Acquisitions and Valuations over 20 years ago. From advising, to valuating, to marketing, to negotiating, to preparing an exit strategy, our decades of direct experience in the field have solidified PS Broker as one of the top veterinary brokerage firms in the country — all while maintaining our distinctively boutique approach.