Simcoe County Area Veterinary Hospital - REF.#1290
$1,400,000 CAD
Asking price - practice: $1,400,000 ASSET SALE (appraised: $1,349,887)
REF#. : #1290
Available: 25/06/2020
Province: Ontario
Type: Veterinary Hospital
Region: Simcoe County Area
SQFT: 1,200 sq/ft + 200 sq/ft
Gross Rev: $1,253,127
EBITDA: $759,724
Status: SOLD
Welcome to the exclusive presentation of this extremely well established, continuously growing, ultra-efficient veterinary hospital. Located in a stand-alone, custom designed facility, this hospital has experienced continuous year over year growth and shows strong indicators of continued growth well into the future, as the owner cannot currently keep up with demand and the ever-growing patient base. Enjoy the stellar reputation this hospital has deservingly achieved, a large, very loyal client base, and an owner operator cash-flow well above the industry average, particularly for a practice of this size, even after adjustments have been made to the owner operator EBITDA to account for an additional doctor to assist with demand/growth.
All staff members are proficient and well trained in providing high quality support to the veterinarian in a fast-paced environment, while making positive decisions internally on the fly. This practice is strongly positioned to successfully transition to another experienced veterinarian and the owner is willing to provide a strong transition period or continue on with the practice as an associate. The staff will further solidify this transition as they are experienced and well versed in interacting, in detail, with clients.
Successful effort and practice philosophy have enabled this hospital to brand its image as a strong hospital of choice within its community, attracting clients from an extended radius. Operating as a well-oiled machine, the practice shows every indicator that it will provide a new owner the ability to achieve continued economic growth coupled with far above industry average cash flow.
The facility itself is well designed for the size, nicely decorated, and professionally planned for efficient traffic flow. The building and interior will likely require no capital investment for years to come, unless one wishes to add to the structure to accommodate further growth, although not currently needed, as the practice is equipped with two large exam rooms.
Hospital Highlights
· Long standing, continuously growing hospital
· Extremely well trained, energetic staff experienced in a fast-paced atmosphere
· Many pieces of cutting-edge equipment
· Above average stand-alone facility with plenty of parking in the front and rear
· Digitalized practice: AVImark software – digital (scanned) record keeping currently with the immediate ability/software to be fully digitalized; Full DR digital radiology
· Year after year continuous practice revenue growth
· Excellent, organic community recognition
· Excellent owner/operator cash-flow (~57% of gross revenue) after adjusting for the addition of another veterinarian
· Owner willing to provide an extended transition period or stay on as an associate
· Extremely strong, reasonable, long term lease in place
· Asset Sale Structure
Private and confidential practice viewings will be held on Sunday, July 19th 2020.
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 Jon Walton.
Jon J. Walton, BSc, C.C.O.V.I
General Manager and Sales Representative
Direct: 519 829 5953