East GTA Area Veterinary Hospital - REF.#1347
$4,000,000 CAD
Asking price - practice: $4,000,000
REF#. : #1347
Available: 25/05/2021
Province: Ontario
Type: Veterinary Hospital
Region: East GTA
SQFT: 1,350 sq/ft main floor
Gross Rev: ~$2,051,726
EBITDA: $556,731
Status: SOLD
Welcome to the exclusive presentation of this well-established, stand-alone multi-doctor companion animal veterinary hospital. Expertly serving the surrounding communities for nearly 20 years, this practice has a long standing and loyal client base, with the space and reputation to continue to grow.
This practice is positioned perfectly for a smooth transition as the clients have been well trained to see multiple veterinarians in the practice, often not the owner. The more recent associate is on a strong written employment contract. The long-term associate has an employment contract presented to him (Prepared by MBC Employment Law) to which the owner has no doubt the associate will sign.
Private and confidential practice viewings will be held by private appointment.
The full appraisal package is ready and will be sent to those interested parties upon request.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this great hospital, please contact Jon Walton.
Practice Highlights
IDEXX practice management software
Fully digitalized practice with full DR Radiology and digital dental radiology unit
Full IDEXX in-house laboratory
Very well branded and reputable
New Full body and Dental radiology units installed in 2017 – Sound Smart DR “Gold” extended
warranty
The facility is owned by the selling veterinarian who is willing to offer a long-term lease
Room for facility expansion
$580 in A/R only
98% of gross revenue paid by credit/debit
2 associates – 1 with employment contract, 1 long term with pending employment contract
(owner highly suspects this associate will sign the agreement)
Staff – on employment contracts
Invoices issued in 2020 = 15,959
Invoices issued in 2019 = 13,540
Files last culled for inactive patients: November 1st 2019
Jon J. Walton, BSc, C.C.O.V.I
General Manager and Sales Representative
Direct: 519 829 5953