Southern Alberta Mixed Veterinary Practice For Sale

Business description

Today the practice is 98% focused on small animals making the practice especially attractive to newly qualified veterinarians. The owner reports that they have around 1850 clients on file all of which are less than 5 years of age. They come from a radius of around 20 miles (32 kms). The practice averages 8-10 new clients per week. 20% have made a visit of more than 3 times in the last month 60% have made 1 visit in the last 12 months 10% have made 1 visit in the last 18 months. 90% of clients make appointments before coming in. The owner reports that he probably sees 9-10 clients per day with the average fee being $250 to $275. Further he reports that he would complete on a month basis: Dentals 12-15 Surgeries 50 Rabies vaccinations 65-70 Mark up on drugs and outside services around 80% Emergencies are referred to: Emergencies Clinics in Calgary Note: this business is being marketed by: Western Business Brokers. Interested parties MUST sign a Confidentiality Agreement and provide a Financial Statement PRIOR to receipt of further details.

Property information

Premises details:

Suggested Annual Rent: $22,500 (based on $15.00 ft2) Size of Premises: 1500 ft2. (approximately) Term: A mutually satisfactory lease term will be negotiated between buyer and seller. The building was constructed in 1960 and is around 1000 ft in size. There is a private doctor s office, x-ray machine, separate laboratory and surgery and good street signage, 2 dog runs and 9 cages. Note that there is also a separate 500 ft storage facility for dog food and files etc.

Other information

Expansion potential:

This opportunity is being offered at $350,000 for the practice and if the purchaser is interested, the building is offered at $400,000 plus inventory, on an asset purchase basis. Based Sellers Discretionary Earnings, this represents a 56% Return On Investment (ROI) for the business only. Or money back in less than 2 years!

Support & training:

Owner is agreeable to providing hand over support to a buyer. Actual terms and conditions to be negotiated with the assistance of The Broker.

Reasons for selling:

The seller wishes to explore other opportunities in the United States.

Financing available:

Possibly subject to status.