Transitioning or Selling my Practice

Are you planning to transition or sell your veterinary practice in the next 5-10 years?

Don’t wait until you’re in the latter stages of your career to begin thinking about your veterinary practice transition. Having spent over 20 years representing veterinarians, we have experienced many unfortunate instances where landlords become roadblocks to practice sales and greatly diminish practice value.

Start preparing at least 10 years ahead of your planned transition by setting up your office lease properly. Thoroughly review it for risks and have the right negotiation strategy in place to secure a lease that will support your risk-free and peaceful exit out of veterinary health.

Schedule your complimentary office lease consultation with an expert today!

Selling a Veterinary Practice: What You Need to Know

  • Are there clauses in your current veterinary office lease that will reduce the value of your practice in the eyes of the buyer due to the risks they present? Ex. ‘Relocation’ or ‘Demolition’ clauses.
  • Does your lease have the proper amount of term and/or “options to renew” left to support the purchase price you’re looking for? ‘Term’ is a key component for anyone buying a veterinary practice and financing acquisitions through banks.
  • Does your lease include terms that positively support a new veterinarian, like expansion rights, death and disability rights, and “use” clause protection?
  • Is your lease transferable to a future buyer, and can the landlord interfere with the transfer of your lease?

Video: What Happens When You Sign a Bad Office Lease?

Veterinary Office Leasing Services

Practice Acquisition & Office Lease Assignment Services

There’s so much at stake through the process of buying or selling a practice, and as such, it’s critical that the ‘assignment of lease’ and other important details occur properly, protecting the interest of both parties along the way. Learn more about acquiring a practice or assignment services.

Veterinary Office Lease Review & Rent Analysis | Critical Dates and Risk Assessment

Cirrus will thoroughly review your veterinary office lease and flag important action dates, traps and problem areas, arming you with the knowledge necessary to protect yourself in your upcoming office lease negotiation or transition. Learn more about our lease review.

Veterinary Office Lease Negotiation Services

Avoid the endless time and frustration involved in negotiating your own office lease. Cirrus’ expert lease negotiators will handle the entire process for you from start to finish. We will create a lease negotiation strategy based on your practice needs and career goals, representing you in all dealings with your landlord with the expertise of an in-house legal team, commercial real estate analysts, ex-landlords and professional lease negotiators. Learn more about our professional office lease negotiation services.

Standard Form Office Lease Creation: Arm’s Length Lease (A.L.L.)

Thinking of buying a property for your veterinary office? Let Cirrus create your office lease for you! The lease agreement, even when you own the building, can be a highly valuable or detrimental tool for both your property and your veterinary practice. Let Cirrus create the veterinary office lease for you with the creation of an “ALL”. Learn more about our office lease creation services for building owners.

If you’re planning to retire within the next 5-10 years, the experts at Cirrus can help you ensure a smooth transition into retirement. Call to schedule your complimentary office lease chat by dialing 1.800.459.3413.