Trusted Advisors for Veterinarians and Pet Hospitals| |
The veterinarian health market has been growing steadily. Pet ownership in the United States is now at 68%, up from 56% in 1988. This growth trend has fueled growth for veterinarians, pet food providers, pharmaceutical providers, and even pet insurance providers.
Today, there are now over 60 million households in the US with a dog and 47 million households with a cat. And the biggest annual expense for a pet owner is veterinarian fees. For a typical dog owner, the annual vet fees are $731, food is $235, and kennel boarding is $322. While the vet fees for a cat are less annually, the top expense is the same answer.
To illustrate how hot this market has become, Blue Buffalo Pet Products was a start-up business started by Bill Bishop, who I met back when he was a co-founder of SoBe beverages. Bill is a successful advertising guy who started the company in 2002 and built it into the leader in "natural" pet food segment. The business exploded in sales to $1.275 billion in 2017. Given the amazing growth of Blue Buffalo, General Mills decided to buy the company for $8 billion in 2018. This should illustrate the upside potential in the animal lover space.
To better service the needs of veterinarian practices and animal hospitals, CPA Accountants have finally caught on to the fact that this industry is rapidly growing, loaded with single owner operators, operate with attractive profit margins, and relatively compliance free. Here are some of the CPA Accountants moving rapidly to establish themselves as trusted advisors to veterinarians and pet hospitals.
Sizemore and Associates – Veterinary CPA in Jacksonville and Tallahassee FL – Servicing pet hospitals and veterinarian practices across north Florida, southeast Georgia and Florida Panhandle. Mark's is a member of VetPartners, VET CPA Association and regularly attends veterinarian conferences.
Siebert & Reynolds CPAs – Veterinary CPA in Ohio – John Siebert's works with veterinarians, animal clinics and pet hospitals throughout Columbus and Central Ohio.
Thomas Brown CPA – Veterinary CPA in New York – Tom Brown works with vet practices, pet hospitals and animal lovers throughout Long Island.
Morey CPA – Veterinary CPA in Southern California – Jerry Morey works with veterinarians, pet hospitals and vet clinics in Orange County, Los Angeles and Southern California. Jerry is a member of VET CPA Association and resides on the Board of Mission Hospital Foundation.