VETERINARY PRACTICE VALUATION FEES
How much does a veterinary practice valuation cost in Australia?
HPNA values a veterinary practice for a fixed fee set by its annual revenue. A full valuation report costs $1,500 for revenue up to $1 million, $2,200 for revenue $1 million to $3 million, $4,950 for revenue $3 million to $10 million and $9,450 for revenue above $10 million, all plus GST. An indicative assessment is $950 plus GST, and an expert report for a dispute between owners starts at $4,495 plus GST. The fee is agreed in writing before work begins and does not change with the value we reach.
Fixed fee, published. Agreed in writing before work starts.
The schedule
Three tiers, each a fixed fee
Indicative assessment
$950
One fee whatever the size of the business, credited against a valuation report if you proceed within 3 months.
Valuation report
- Up to $1 million
- $1,500
- $1 million to $3 million
- $2,200
- $3 million to $10 million
- $4,950
- Above $10 million
- $9,450
Expert report
- Up to $10 million
- $4,495
- Above $10 million
- $16,950
Every fee above is fixed and quoted plus GST, and is agreed in writing before any work starts. Bands are set on annual revenue. A business sitting exactly on a boundary pays the lower fee. See the full fee schedule
Which revenue sets the band
The band is set on the annual revenue of the practice as a whole: consultations, surgery, diagnostics, hospitalisation and retail sales together, taken from the most recent financial statements. Where the practice trades through one entity and the building is held in another, only the entities that have to be analysed for the business valuation count. The first is included and each additional one is $795 plus GST. We confirm the band and the entities in scope before the engagement is signed.
Worked examples
How the fee is worked out
Each row applies the band rule and the additional entity fee to a hypothetical engagement. The rows illustrate the arithmetic, not what businesses in this sector typically earn. All fees plus GST.
| Engagement | Annual revenue | Tier | Working | Fee |
|---|---|---|---|---|
| A small animal practice with one principal, valued for a sale | $1,400,000 | Valuation report | $2,200, one entity | $2,200 plus GST |
| A mixed practice with two partners, valued for a partner leaving on agreed terms | $3,600,000 | Valuation report | $4,950, one entity | $4,950 plus GST |
| A practice company and a related service entity, valued to compare against a corporate offer | $5,200,000 | Valuation report | $4,950 plus $795 for one additional entity | $5,745 plus GST |
Which tier
The purpose of the valuation picks the tier
Indicative assessment
For a principal who has received a corporate approach and wants a reference point before responding, or who is planning succession. It costs $950 plus GST whatever the size of the practice. It is a limited scope view for planning, not a report for a court, the Australian Taxation Office or a lender.
Valuation report
The full independent valuation for a sale or purchase, a veterinarian buying in, a partner leaving, a tax matter or a restructure. It costs $1,500 to $9,450 plus GST depending on revenue.
Expert report
For a dispute between partners, where the other side will test the conclusion. It starts at $4,495 plus GST.
What you are paying for
What the fee covers in a veterinary practice valuation
The fee covers the whole engagement as scoped: the analysis, the valuation and the written report. For a veterinary practice the analysis deals with the matters that decide whether the earnings continue under a new owner.
- How much of the caseload the principal carries, and a market salary for that work
- Whether veterinarians can be recruited and retained to replace a departing owner
- Stock, and how it is treated in the figure
- A market rent where the owner also owns the building
- The species mix: small animal, mixed, equine and production animal practices are treated as different businesses
- Equipment, premises approvals and licences
Fee or commission
A valuation, an appraisal and a corporate offer are three different things
A broker's appraisal usually costs nothing up front because the broker is paid when the practice sells. A corporate group's offer costs nothing either, and it comes with conditions: continued employment, restraints, an earn-out and a price that reflects that buyer's own position. Neither is an independent opinion of what the practice is worth. A valuation is paid for by a fixed fee, so the valuer has no interest in the answer, and it gives you a figure on the practice's own footing to compare offers against. Business valuation versus business appraisal sets out the difference.
Go deeper
Read the full analysis
- Sector pageVeterinary practice valuationsHow businesses in this sector are valued: methods, earnings adjustments, risks, value drivers and the information required.Read
- AnswerHow much is my veterinary practice worth?What the answer depends on in this sector, what pushes it up and what pushes it down.Read
- FeesThe full fee scheduleEvery tier and band, the boundary rule, the additional entity fee and what the fee includes.Read
FAQs
Veterinary practice valuation fee questions
How much does a veterinary practice valuation cost?
HPNA values a veterinary practice for a fixed fee set by its annual revenue. A full valuation report costs $1,500 for revenue up to $1 million, $2,200 for revenue $1 million to $3 million, $4,950 for revenue $3 million to $10 million and $9,450 for revenue above $10 million, all plus GST. An indicative assessment is $950 plus GST, and an expert report for a dispute between owners starts at $4,495 plus GST. The fee is agreed in writing before work begins and does not change with the value we reach. Each additional entity that has to be analysed is $795 plus GST. The full schedule is on the pricing page.
Does the fee depend on the value HPNA reaches?
No. The fee is fixed for the revenue band and agreed in writing before the work starts, so it cannot move with the conclusion. HPNA also takes no commission from any party to a transaction. A valuer who is paid more for a higher figure is not independent, which is why the fee is set this way.
I own the building as well. Does that change the fee?
Not by itself. The business valuation charges the practice a market rent so its earnings are those a tenant would achieve, and that is part of the standard work. HPNA values the practice, not the land and buildings, which are valued by a property valuer. If the entity that holds the building also has to be analysed to value the business interest, it is an additional entity at $795 plus GST, agreed before the engagement is signed.
Is it worth paying for a valuation if a corporate group has already made an offer?
That is a decision for you and your advisers. What a valuation adds is a figure that does not depend on one buyer. A corporate offer reflects that group's own costs, synergies and conditions, so it is evidence of value and not the same thing as market value. An indicative assessment at $950 plus GST gives a reference point quickly, and the fee is credited if you proceed to a full valuation report within the credit period shown on the pricing page.
Make your next decision with a clear understanding of value.
Tell us about your healthcare business and the purpose of the valuation. We will confirm the appropriate scope, information requirements, timeframe and the fee band that applies.