Frequently asked questions
Qualified Veterinary Surgeons, RVN’s and Practice Managers can all become practice owners with Vets for Pets. Please contact one of our Partnership Recruitment Specialists to find out more about how this works for sole and multiple practice owners.
In order to be a practice owner with Vets for Pets you will need to prove your right to work in the UK, this may be with a skilled worker Visa or with settled or pre-settled status. Vets for Pets can sponsor your skilled worker visa to become a practice owner.
For a brand new practice, you’ll need £30,000 (for a single practice owner this can be reduced to £20,000)
For an existing practice, you’ll need 10% of the practice value (or a minimum of £30,000 – whichever is greater).
The remaining finance is borrowed from one of our partnered banks.
For further detail on the finances required and valuations of practices available, please get in contact
The best thing about our model is that it’s designed to support entrepreneurial vets who want to build a successful practice. The model includes more than 12 support functions that are there to provide you with advice and guidance on all things business such as Recruitment, Finance, HR, Marketing, Commercial and many more, allowing you to lead and develop your practice.
We appreciate that becoming a practice owner is big decision to make and we will never rush you through the process. The length of time the process takes will depend on a number of factors including which particular practice you’re interested in.
The partnership team will work with you to identify new and existing practices that may be of interest to you, however if you can’t find your ideal location, you can still continue through the process to Discovery Day and our property team will work towards identifying a suitable location for you.
A discovery day is a required stage in the partnership process which gives you the opportunity to meet with several key colleagues to understand how we support you as a partner. The Discovery day is specifically for you to ask as many questions as you need to and to engage with our colleagues to ensure you are fully informed of the support we provide.
Practice owners will draw a salary from day one, reflective of the role they have in practice as a Vet, RVN or Practice Manager. You have control over what salary you take and will also receive a benefits package as a practice owner. Once all loans have been repaid, you will then benefit from dividends which are paid twice annually.
Yes. The Vets for Pets practice owner model offers complete clinical freedom, meaning you can choose what is used in practice. Our Supplier Relations team will work with suppliers to negotiate the best rates on products but will not restrict you to an approved list.
When the time comes that you want to exit the practice, you can sell your shares to a new practice owner. The Partnership team will support you to market your practice to find a new buyer and help facilitate the sale.