Ireland: Vet Practice Survey Report
This makes for interesting reading and highlights the challenges facing the future of veterinary practice in Ireland. Key areas noted to be a challenge by respondents included keeping accounts in order, succession planning, incorporation, compliance and maintaining a healthy work/life balance. In addition, the following points raise concerns over the future of the sector.
- Almost half of vet practice owners in Ireland are over the age of 50.
- Almost half of veterinary practices employ less than 5 staff. This reduces attractiveness to potential buyers.
- 55% of vet practice owners have not considered succession and nearly 60% have not identified potential future buy-in partners
Over 100 respondents participated in the survey, by HLB Sheehan Quinn. Read the full report here