Member Info for rm125x

Thanks , yes that doesnt surprise me at all, although important to note whether they are multi discipline referall practices, , for eg The Willows Solihull, sold fairly recently to pvt equity for 6 Million,( multi discipline) or Eye Vets Frodsham, ( Solely Ophthalmic),I think if im right, haven't PETS bought Dick white referrals?, Ophthalmology is often seen within this market as a quick/clean high profit area, overall individually listed practices in the UK are around the 5500 mark according to the RCVS. with just a few % up and down each yr
Good recovery from yesterday low, have a good day all

As far as I can see the in store practices are, and can only offer the basics, ie consultations/spays/castrations, rabbit dentals, and financially the price race for these services is ( first to the bottom), if the instore purchasing power is strong enough to compete with the Net then fair enough, , but for Vets to really earn there money, they need to do the more invasive and expensive ops, the trouble there....... is PETS will only pay a certain salary for the vets , hence they are usually new qualified vets, and intsore just with basic facilities
A lot of the corporate groups are buying/have purchased ( referral centres) where the Insured animals can have that expensive ops they need.
The small animal market , drug wise is controlled by 3 main uk wholesalers, who basically act like a cartel with the prices, and as vets/groups cannot import cheaper drugs from the Eu, the margins are well controlled, I can see the growth slowing as they are all in a crowded market, as prev said i worked in this industry for 8 yrs untill 2015,
Im no financial wizard so happy to be corrected on any aspect

I used to work in the small animal industry, selling to both small animal and equine vet practices, its generaly understood that a small animal vet should generate between 222.000 and 250.000 t/o per yr, im invested in pets at home but where the real growth will come from, also some mentioned the americans , its not just vget practices they have bought up , a fair few equipment suppliers are now yank owned, basically the Americans think , due to UK owners insuring there animals , there is a pot of money to be made, during the last recession, owners cancelling pet insurance was around the 30% mark and also in a recession within the small animal industry its generally accepted that vet practices lag behind when a recession hits to the tune of 18 months, its also agreed that with ten yrs 50% of vet practices will be corporate owned, franchiising is begining so popular because due to freehold property prices/goodwill and profitability , newly qualified vets just cant raise the money except for a manager/franchise model
Apologies for going on a bit but i did 8 yrs in this exact industry till 2015 so i know a bit about it, apologies for typos and my break even is 124