East Toronto Veterinary Hospital - REF.#1124
Asking and appraised price - practice: $436,591
REF#. : #1124
Type: Veterinary Hospital
Region: East Toronto
SQFT: ~4,000 sq/ft - stand alone building
Gross Rev: $679,130
Status: CONDITIONALLY SOLD
Welcome to the exclusive presentation of this very long standing, spacious stand-alone veterinary hospital. This is a rare opportunity to purchase a long-standing veterinary hospital in a stand-alone facility with parking located in Toronto. With a motivated owner who understands practice management, this practice should quickly grow to a multi-doctor hospital.
The facility, although older is of beautiful construction and has been extremely well branded both inside and out. Enjoy high end, state of the art equipment along with a very well designed and constructed facility with the space to grow exponentially. Not often does a long-standing hospital with this high-quality equipment and facility come available, particularly in Toronto.
This hospital has an extremely loyal, proven, client base as well as a strong gross revenue. Due to a managerial oversight by the owner and the past practice manager (ex-spouse), the cash-flow is artificially lower than what the cash-flow likely is. With a new owner in place, expect an immediate jump in cash-flow and quick steady rise in gross revenue year over year.
· Stand-alone facility with its own highly coveted parking spaces which are extremely rare in a Toronto practice
· DVM Manager computer software
· Digital dental radiology
· Large existing client base not fully being utilized fully
· Above average food sales equaling ~16% of the gross revenue
· Multiple successful owner transitions over the many years this practice has been in existence
The private and confidential open will be held on Sunday August 18th 2019
The full appraisal is ready and will be sent to those interested parties upon request and booking of an appointment to visit the practice with Jon.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this great hospital, please contact Jon Walton.