21 Professionals on Staff @ 7 DVM Vet Practice

AB

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21 Professionals on Staff @ 7 DVM Vet Practice
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Asking Price: $5,050,000

Cash Flow: $869,537

Gross Revenue: $3,148,682

EBITDA: N/A

FF&E: $500,000

Inventory: $275,000

Established: 1988

21 Professionals on Staff @ 7 DVM Vet Practice

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Business Description

There are 21 professionals, including 7 DVM’s, at this Alberta-based veterinary practice. There are also 6 techs, 2 assistants, and 6 administrators. They have been in the area since 1988. The state-of-the-art facility is truly designed to meet the needs of the practice and includes several exam rooms, 2 surgical suites, in-house lab, private offices, and indoor animal housing. All of the owners are full time DVM’s and want to stay on for the next owner. Their salaries are accounted for in the cash flow shown.

This team cares for both large (2/3) and small (1/3) animals brought to them by a diversified client base that includes pet owners to large-scale dairy operations. An overview of services includes general care, surgery, reproductive care, production management, lab services, dental care, and a full pharmacy. The owners are planning to remain a part of the highly-skilled team, maintaining institutional knowledge and service continuity.

The sellers have put in over $500K to the current location. The space was also designed with a generous reception and retail area, private offices, pharmacy, as well as runs and kennels. A team of seven veterinarians work at the clinic and on-site services are provided within an 80km/50mi radius of the business.

Main revenue streams include large animal pharmaceuticals and vaccinations, small animal retail, and equine vaccinations. The number of small animal clients continues to grow, and equine services are also trending upward. There is plenty of room within the facility to increase business without renovation.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
21
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Building: Large state-of-the-art facility custom designed to suit the practice perfectly. Location includes several exam rooms, 2 surgical suites, in-house lab, private offices, indoor animal housing
Growth & Expansion:
Expand equine services, build upon small animal retail sales, increase small animal client base
Support & Training:
The owners will stay on (accounted for in cash flow)
Reason for Selling:
Industry Consolidation
Business Website:
http://thefirmbusinessbrokerage.com/Listing/7-Vet-Practice-Serving-80KM-Of-Prac
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Cortney Sells

Business Listed By:
Cortney Sells

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