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Vet Care with 25% Boarding

Cincinnati, OH (Boone County)

Vet Care with 25% Boarding
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Asking Price: $695,000

Cash Flow: $214,145

Gross Revenue: $838,263

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2001

Vet Care with 25% Boarding

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Business Description

With $300K in cash flow, this AAHA accredited vet practice in the Cincinnati offers general veterinary services as well as surgery, dental care, and boarding. The 6,500 square foot office has all the room necessary to complete high-level care including surgery, in-house lab work, digital x-rays, and grooming. The office is digitally connected, making document management a streamlined task. The boarding area has many kennels to house pets during the day, overnight, or for several nights, with 25% of sales coming from this service.

Serving over 2,800 active clients, the 11-member team includes two office assistants, two vet techs, one kennel manager and six kennel attendants. The current vet plans to transition out of the office, making this a great opportunity to start or expand your own practice. The clinic has room for two working vets as well as a third vet who could specialize in surgery. There is plenty of room in the building and daily inquiries for appointments to accommodate an increase in staff.

With primarily local clientele, only minor advertising is required to keep the office schedules booked. Areas of growth can be found in adding another vet to the staff, expanding working hours, or implementing urgent care, home care and holistic services.

Financial Overview
List Price: $700,000
Gross Sales
2019: $905,324 (annualized)
2018: $838,263
Owner Profit/Cash Flow
2019: $309,778 (annualized)
2018: $214,145
2018 Profit Margin: 26%
Multiple: 3
Valuation: 2019 Ann. Cash Flow x Multiple = Valuation
$309,778 x 3 = $929,334*

*List price is a reduction of $229K from fair market value

Assets Included in Purchase:

Equipment: X-ray, in-house lab, surgical suite, kennels, computers
Vehicles: 1 Van
Intangible Assets: Thoughtful service focused on care, experienced staff, many years in business

*amounts may vary

Attached Documents


Detailed Information

Location:
Cincinnati, OH
Employees:
11
Facilities:
6,500 sq. ft.: Exam rooms, isolation room, private offices, x-ray suite, surgery suite, pharmacy, boarding area with many kennels, storage, play yard
Growth & Expansion:
Expand client base via advertising, increase home visits, expand hours, add a vet to increase capacity, provide urgent care services, include holistic services
Reason for Selling:
Divestment
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(from currently available funds)
 
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Cortney Sells

Business Listed By:
Cortney Sells

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