Ottawa Veterinary Hospitals: 2 Locations - REF.#’s 1570 & 1567
$1,807,343 CAD Total
Appraised price - established practice location: $1,359,627 (shares sale)
Appraised value - Growing practice: $447,716 (asset sale)
REF# : #1570 & 1567
Available: 22/09/2023
Province: Ontario
Type: 2 locations: Established Vet Hospital & Rapidly Growing Vet hospital
Region: Ottawa
SQFT: Established: 2,000 sq/ft; Growing: 2,000 sq/ft
Gross Rev: Established: ~$1,375,000; Growing: ~$370,000
O/O-EBITDA: Established: ~$722,544; Growing: ~$103,236
Status: NEW
Welcome to the exclusive presentation of this well-established, continuously growing veterinary hospital as well as a newer constructed veterinary practice constructed in 2017, with a rapidly growing client base and revenue with limited doctor hours being provided. There is more client demand than doctor hours available at the newer location as well as the established location. By simply following the current system in place, expect continued, rapid growth both organically from client recommendations, as well as the efficient, well thought out, advertising and promotional plan the owner has put in place.
The owner is happy to provide a transition period to help transfer and continue to grow the hospitals, as well as sign a non-compete for when the transition period comes to an end.
Established Location (#1567)
Located in a busy retail plaza, this practice experiences excellent street and foot traffic exposure, which is evident by the quick growth this practice has experienced, even while the doctor time is being split.
This is an excellent opportunity for an owner operator to take the next step in their career. With an above average cash-flow with respect to a gross to normalized owner operator net ratio, enjoy a higher salary than one would make as an associate, WHILE servicing your debt for purchasing the practice.
Hospital Highlights
· Large, state of the art facility
· State of the art, newer equipment
· Fully digital practice
· Avimark computer software
· Long term facility lease in place
· Affluent population around the immediate draw area of the hospital
· Excellent practice branding and exposer
· Large anchor tenants in the plaza that draw considerable traffic flow on a daily basis
Newer, Rapidly Growing Location (#1570)
Significant planning and efforts have gone into the design and construction of this stunning, state of the art facility, however as the owner spends the majority of his time at his other practice location. Limited veterinary hours are able to be offered at this location currently and the client demand is out weighing the doctor hours able to be offered. Locums are helping when available, however a full time doctor at this location would mean immediate rapid growth.
Constructed throughout 2017, the facility itself is impressive, professionally designed and decorated, extremely spacious and will not require a capital investment for many years to come. This facility could easily be featured in a “best hospital design veterinary magazine”.
With an above average amount of cutting-edge equipment, 3 fully equipped exam rooms, a massive client waiting area exhibiting stunning features, this practice has the space and layout required to accommodate a very large client base and a multi-veterinary practice. Grow as large and as quickly as you desire without ever having to consider relocating to accommodate.
With strong veterinary presence, and full-time veterinary hours, including opening Saturdays, one should expect the growth of this practice to accelerate even more rapidly than it is already experiencing.
To truly experience the level of detail and care put into this hospital design, one must visit in person.
Hospital Highlights
· Large, state of the art facility
· State of the art, brand new equipment
· Fully digital practice
· Avimark computer software
· Long term facility lease in place
· Affluent population around the immediate draw area of the hospital
· Excellent practice branding and exposer
· VERY large anchor tenants in the plaza that draw far above average amounts of traffic flow on a daily basis
· Excellent location
· Rapidly growing client base and gross revenue with limited veterinary hours being provided.
The full appraisal package for each location is ready and will be sent to interested parties.
Private and confidential practice viewings will be held by private appointment only.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this great facility, please contact Jon Walton.
