Most veterinary practices in Canada change hands at a multiple of their normalized earnings, typically EBITDA (earnings before interest, taxes, depreciation, and amortization), adjusted for owner add-backs. The multiple itself depends on your size, location, growth trajectory, and how much the business depends on you, the owner.
Veterinary practices are valued on their active client base, recurring wellness and recall revenue, and associate coverage. A growing patient list, recurring wellness plans, associate veterinarians who carry appointments, and modern equipment lift value; production tied to the selling vet and an aging client base weigh it down.
Pushes the number up
- An active, growing patient base
- Recurring wellness plans and recall visits
- Associate veterinarians who carry appointments
- Modern equipment and a strong support team
Pulls the number down
- Production concentrated in the selling veterinarian
- An aging or shrinking client list
- A short lease or location uncertainty
- Deferred equipment upgrades
You put in your numbers. We show you two things.
Market data: Sector-specific transaction multiples based on aggregated business transaction reports. Updated quarterly.
Peer benchmarks: Estimates from verified owners in your sector and size range. See what similar businesses are worth, and compare your own expectations against market data and transaction multiples.
Takes about three minutes.
No pitch. No account required. Just your numbers in, and market context out.
Get My InsightsVeterinary practices are valued on normalized earnings and the strength of the patient base. Recurring wellness revenue, associate coverage, and how dependent production is on the selling vet all move the number. Clariva shows the benchmark range for your size and province.
Practices with an active patient base, recurring wellness plans, and associate coverage push toward the higher end; single-vet practices sell lower. Enter your numbers to see your range.
Yes. Recurring wellness and recall visits are predictable and transferable, which buyers value highly relative to production that depends on the departing vet.
No. The estimate is for benchmarking and context only, and does not replace a formal business valuation. For a transaction, work with an M&A advisor or a Chartered Business Valuator (CBV).
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Not financial advice. Clariva is a data aggregation and compilation tool. All ranges shown on this platform are derived from publicly available transaction data and anonymized user submissions, and are provided for informational and benchmarking purposes only. Nothing on this platform constitutes a formal business valuation, financial advice, or a recommendation to buy or sell. Consult a qualified M&A advisor, Chartered Business Valuator (CBV), or legal counsel before making any financial or transactional decisions. Individual data is never shared or sold. Anonymized, aggregated insights may be used for industry research. You can request deletion of your data at any time by emailing tanner@clariva.ca.