This turn-key Animal Hospital with boarding is for sale and an excellent opportunity for a DVM or multiple-practice owner to add another successful business to their portfolio.
Two non-owner DVMs are in place to provide services for small animals. The hospital also employs 1 technician manager, 1 kennel manager, 2 veterinary technicians, 4 veterinary receptionists, and 1 groomer. In addition to fee-for-service income from veterinary procedures, this clinic offers climate-controlled boarding of pets.
The clinic’s certification with the American Animal Hospital Association has been in place for over five years and assures that the clinic meets the strict and rigorous standards of the organization.
To make the business highly attractive for an incoming buyer, the owner has taken care to ensure that processes and procedures are well-documented so staff can operate smoothly without the owner present.
The facility itself is large at 3,300 square feet and was designed with care to specifically cater to veterinary clients and staff. Located near major shopping centers and interstate freeways, this business attracts clients from a 90-mile radius. A majority of clients (75%) come from the immediate area.
Owner Profit/Cash Flow
Profit Margin: 19%
Multiple: 5 *Multiples range from 1-5, with the average being 3
Valuation: 2017 Cash FlowxMultiple= Price
Intangible Assets: Website with online appointment setting, well-maintained social media pages, membership in American Animal Hospital Association.
Inventory: Will be available at time of sale
Years in Business: 18
Building: Beautiful 3,300 sq ft facility
Reason for Selling: Owner operates multiple businesses
Employees: 2 Non-Owner DVMs, 1 Technician Manager, 1 Kennel Manager, 2 Vet Techs, 4 Receptionists, 1 Groomer
Hours: Business Hours Mon-Fri + Saturday AM
Seller Training Period: Negotiable
Current Owner’s Responsibilities: High-level oversight of staff and financials (inventory receiving, deposits)