Vet Podcast

Ep #07: Business Exit Strategies and ESOPs with Brian Frey, CFP

By February 1st, 2023 No Comments

In the veterinary industry, Employee Stock Ownership Plans (ESOPs) aren’t very common. Many veterinary hospital owners are unsure how an ESOP compares to a more traditional exit plan and how long an owner considering an ESOP will likely have to stay in the business before exiting.

In this episode, Brian Frey, CFP and Partner at SignatureFD, joins the show to share what a successful business exit can look like and why he believes it is essential to start planning out your exit strategy years in advance. He explains why the idea of an ESOP doesn’t have to be overwhelming, how ESOPs can be an alternative exit strategy, and who might benefit from this approach.

Listen to the Full Episode:

What You’ll Learn In Today’s Episode:

  • What an ESOP is and how this can be an alternative exit strategy
  • Why an ESOP is not a common path in the veterinary industry
  • Some insights on what makes a good candidate for ESOP
  • Why you may want to start your exit strategy years in advance of your actual exit
  • Our characterization of a strategic buyer

Resources In Today’s Episode:

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Disclosure: Travis York is the owner of Three and One Vet Advisors and a partner of SignatureFD. Three and One Vet Advisors is a veterinary consulting and strategic planning firm of which SignatureFD has no involvement or ownership. James Yost is a partner and wealth adviser at SignatureFD. SignatureFD is an investment adviser registered with the U.S. Securities and Exchange Commission. Three and One Vet Advisors and SignatureFD are not affiliated. Mr. York provides all non-investment advisory services through Three and One Vet Advisors. The opinions of the guests and the contents of this podcast are intended to be educational only and should not be relied upon as investment, tax, business, or planning advice. You should consult with a professional advisor prior to taking any course of action that may impact you or your business.

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