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Vet Practice Selling at 2 Multiple for sale in OH

Ohio (OH)

Asking Price: Gross: Cash Flow:
$ 665,000 $ 940,320 $ 281,387

Inventory Value:
$ 85,000 (included in the asking price)

Business Summary:
Owner is part-time DVM and would be willing to stay on for 1-2 years post close! There is a good split in services, with 50% coming from veterinary care, 25% from boarding, and 25% from other services. The practice is priced to sell at a 2 multiple on 2019 cash flow. This AAHA accredited vet practice in the Cincinnati offers general veterinary services as well as surgery, dental care, and boarding. The 6,500 square foot office has all the room necessary to complete high-level care including surgery, in-house lab work, digital x-rays, and grooming. The office is digitally connected, making document management a streamlined task. The boarding area has many kennels to house pets during the day, overnight, or for several nights, with 25% of sales coming from this service. Serving over 2,800 active clients, the 11-member team includes two office assistants, two vet techs, one kennel manager and six kennel attendants. The current vet plans to transition out of the office, making this a great opportunity to start or expand your own practice. The clinic has room for two working vets as well as a third vet who could specialize in surgery. There is plenty of room in the building and daily inquiries for appointments to accommodate an increase in staff. With primarily local clientele, only minor advertising is required to keep the office schedules booked. Areas of growth can be found in adding another vet to the staff, expanding working hours, or implementing urgent care, home care and holistic services.

 

   
Year Business was Established: 2001
   
Number of Employees: 11  
   
Facilities / Terms of Lease: 6,500 sq. ft.: Exam rooms, isolation room, private offices, x-ray suite, surgery suite, pharmacy, boarding area with many kennels, storage, play yard  
   
Owner willing to train: 1-2 years  
   
Reason for selling: Divestment  
   
Seller Reference Number: PET012
BusinessMart.com Listing Number: 242107
 

 

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For more info contact:

Cortney Sells

The Firm
4029985288

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