Vet Practice in Fairfield County- Absentee Owner

Not Disclosed, CT
Fairfield County


Asking Price: Annual Revenue:
$2,150,000 $1,253,022

Services: Pet Care & Grooming


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RE: Vet Practice in Fairfield County- Absentee Owner Broker: Cortney Sells

Quick Facts

Asking Price: $2,150,000
Annual Revenue: $1,253,022
Net Profit: Not Disclosed
Cash Flow: $485,643
Total Debt: Not Disclosed
FF&E: $278,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 8
BBN Listing #: 479234398
Broker Reference #: PET002

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Business Overview:

This animal hospital has a 39% profit margin and $278,000 in assets! With excellent reviews from their many loyal customers, this Connecticut vet practice has been well-regarded in the community since their start in 2015. Located in Fairfield County, the practice is an AAHA accredited clinic that serves small animal clients in their family-like atmosphere. The facility has two exam rooms, a reception area, prep area, and over $278,000 in assets to ensure the best possible care for their four-legged friends. The growing client base has contributed to the year-over-year expansion of this business, but the current staff is capable of accepting new clients without sacrificing high-quality care. The team currently consists of one part-time and one full-time veterinarian as well as two techs and two assistants. The absentee owner currently operates in an oversight capacity, making this an excellent opportunity to acquire a successful practice that is self-managed.

The 2,500 square foot space features two exam rooms, prep area, in-house lab, radiology and kennel area. There is room to add additional veterinarians to the staff, increasing revenue, solidifying a wider client base, as well as it being an opportunity to extend operating hours, if desired. There are no hospital services on-site, but this clinic has partnered with local animal hospitals for emergency or complicated care cases. Growth could be found in expanding hours to accommodate evening clients or emergency services that do not rise to the level of hospital care.

Currently operating in an oversight capacity, the owner is not responsible for billable hours at this location. With a full-time manager in place, this practice is well-positioned to continue operations.

Some highlights of this business:

• Absentee ownership
• 39% profit margin
• Partnership with local animal hospitals
• An AAHA accredited clinic
• 2,500 sq. ft. with exam rooms, prep area, in-house lab, radiology, and kennel area

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Property Features and Assets:

2,500 square feet at $5,000/ month: 2 exam rooms, radiology, lab, prep area, retail area, office, reception.

Market Competition and Expansion:

Hire more vets/vet techs to assist more clients, stay open later during the week and on weekends, expand emergency care.

Reason for Selling:

Divestment

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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