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Vet Practice in Fairfield County – Absentee Owned for sale in Fairfield County, CT

Fairfield County, Connecticut (CT)

Asking Price: Gross: Cash Flow:
$ 2,125,000 $ 1,253,022 $ 485,643

Furniture and Fixtures Value:
$ 268,000 (included in the asking price)

Inventory Value:
$ 10,000 (included in the asking price)

Business Summary:
With a 39% profit margin in 2020, this absentee owned vet practice in Connecticut has been well-regarded in the community since 2015! Located in Fairfield County, the practice is an AAHA accredited clinic that serves small animal clients in their family-like atmosphere. The facility has two exam rooms, a reception area, prep area, and over $278,000 in assets to ensure the best possible care for their four-legged friends. The growing client base has contributed to the year-over-year expansion of this business, but the current staff is capable of accepting new clients without sacrificing high-quality care. The team currently consists of one part-time and one full-time veterinarian as well as two techs and two assistants. The absentee owner currently operates in an oversight capacity, making this an excellent opportunity to acquire a successful practice that is self-managed.

The 2,500 square foot space features two exam rooms, prep area, in-house lab, radiology, and kennel area. There is room to add additional veterinarians to the staff, increasing revenue, solidifying a wider client base, as well as it being an opportunity to extend operating hours, if desired. There are no hospital services on-site, but this clinic has partnered with local animal hospitals for emergency or complicated care cases. Growth could be found in expanding hours to accommodate evening clients or emergency services that do not rise to the level of hospital care.

Currently operating in an oversight capacity, the owner is not responsible for billable hours at this location. With a full-time manager in place, this practice is well-positioned to continue operations.

Some highlights of this business:

• Absentee ownership • 39% profit margin• Partnership with local animal hospitals• An AAHA accredited clinic• 2,500 sq. ft. with exam rooms, prep area, in-house lab, radiology, and kennel area

 

   
Year Business was Established: 2015
   
Number of Employees: 8  
   
Facilities / Terms of Lease: 2,500 sq. ft. at $5,000/ month: 2 exam rooms, radiology, lab, prep area, retail area, office, reception  
   
Potential Growth/Expansion: Hire more vets/vet techs to assist more clients, stay open later during the week and on weekends, expand emergency care  
   
Owner willing to train: 1 year  
   
Reason for selling: Divestment  
   
Seller Reference Number: PET002
BusinessMart.com Listing Number: 259132
 

 

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For more info contact:

Cortney Sells

The Firm
4029985288

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