Cambridge Veterinary Hospital - REF.#1155
Asking and Appraised Price - Practice: $137,582
Asking and Appraised Price - Real Estate: $320,000
REF#. : #1155
Type: Veterinary Hospital and Real Estate
SQFT: 1,174 sq/ft main floor, 380 basement storage
Gross Rev: $213,139
Status: CONDITIONALLY SOLD
Welcome to the exclusive presentation of this stand-alone, established, feline specific veterinary hospital. This is an opportunity to purchase a practice with a loyal, feline specific client base that is currently being largely under-utilized, as well as the Real Estate the practice is located in. Be your own landlord, build personal equity, and use this low risk practice as a great stepping stone into practice ownership.
The owners of this practice are unable to spend the time and effort needed to grow this practice as they are required full time at the other practices that they purchased along with this practice several years ago. This practice has been Locum driven for the past several years with little owner or full-time doctor presence at the practice consistently. Through implementation of basic business management principles, a new owner will immediately experience an increased retained owner cash flow.
The facility is well constructed and maintained, complete with 2 exam rooms, a bright surgical suite, treatment room, Radiology room, as well a pharmacy and storage areas. Although this practice is feline specific, the design of the facility would accommodate an owner who wishes to transform this practice into a companion animal hospital. All clinical areas are located on the ground level floor with strong traffic flow.
The practice has a stable gross revenue based on the few doctor hours being provided on a weekly basis. The owners will work with the purchaser to staff the practice with supporting staff members around the purchaser’s requirements and desires which could help free more cash-flow with no termination liability to the purchaser. The current owners and the doctor hours they are able to offer are a major reason as to why this practice gross is stable and not growing.
The private and confidential open will be held on Sunday, July 29th 2018.
The full appraisal is available 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 unique opportunity, please contact Jon Walton.