Northumberland Area Veterinary Hospital - REF.#1474
$510,000 CAD
Appraised price - practice: $509,233
REF#. : #1474
Available: 07/09/2022
Province: Ontario
Type: Veterinary Clinic
Region: Cobourn to New Castle geography
SQFT: 1,972 sq/ft
Gross Rev: $627,000
EBITDA: $262,758
Status: Available
MBC Brokerage is delighted to present this growing and exclusive opportunity to purchase a long established companion animal veterinary clinic. This is a fully equipped Veterinary clinic has over 1,600 active clients, and is gaining almost 200 new patients each year. The clinic is nestled into a very active strip mall with free parking and constant curb side traffic, brining in the new clientele.
Revenue Growth since 2020 has been consistent on the upward trend, while EBITA has continued to grow each year as well, with EBITDA being 40% of the Total revenue. Further growth is very possible with increased marketing and improving the practices recall program. This is currently a one doctor practice. Which could easily become a practice with additional doctors and associates, as the practice is constantly growing in patients and already has the footprint to accommodate two doctors fulltime. The current Doctor is willing to stay on for up to three years to ensure smooth transition and optimal growth achieved for the new owners.
The practice is prepared for continued strong growth as the team is very well versed and capable of helping the veterinarian with all of the daily requests and needs. Equipped with two examination rooms, it has the space to become a practice of your desire. The facility is also composed of a surgery room, grooming room and a spare room plus an area with amble storage, and a doctors office. The practice uses CR radiology, and is fully digitalized from there forward.
The team believes that by nurturing the Human to animal bond and advocating for preventative medicine, is is their goal to keep the pet happy and healthy into the golden years, this creates a great relationship with all patients and their owners.
Clinic Highlights
· AVIMark practice management software
· Owned and operated since 1999
· Closed on weekends
· Follows provincial fee guide
· Digital radiology – full C.R.
· Practice records and Lab results all digital
· Well-designed facility
· No outstanding receivables
· Current doctor willing to stay on as associate
The full appraisal package is ready and will be sent to those interested parties before the date of their scheduled private appointment.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this great hospital, please contact Eric Humes.
Eric Humes M.Sc, M.Ba.
Sales Representative
Direct: 416 704 0062