9 Vet Practice with $5.8 Million in Sales

Alberta, Alberta

Alberta, Canada

Asking Price: Annual Revenue:
$4,900,000 $3,148,682

Services: Pet Care & Grooming

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RE: 9 Vet Practice with $5.8 Million in Sales Broker: Cortney Sells
Owner Financing is Available!

Quick Facts

Asking Price: $4,900,000
Annual Revenue: $3,148,682
Net Profit: Not Disclosed
Cash Flow: $869,537
Total Debt: Not Disclosed
FF&E: $780,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 21
BBN Listing #: 999334398
Broker Reference #: ANI033

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Business Overview:

The twenty-four professionals make up this Alberta-based vet clinic team, including nine DVMs as well as six techs, two assistants, and seven administrators. The practice has been in the area since 1988 and clients travel from within 100km for services. The state-of-the-art facility is truly designed to meet the needs of the practice and includes several exam rooms, 2 surgical suites, in-house lab, private offices, and indoor animal housing. All of the owners are full time DVM’s and want to stay on for the next owner. Their salaries are accounted for in the cash flow shown.

This team cares for both large (50%) and small (50%) animals brought to them by a diversified client base that includes pet owners to large-scale dairy operations. An overview of services includes general care, surgery, reproductive care, production management, lab services, dental care, and a full pharmacy. The owners are planning to remain a part of the highly-skilled team, maintaining institutional knowledge and service continuity.

The sellers have put in over $500K to the current location. The space was also designed with a generous reception and retail area, private offices, pharmacy, as well as runs and kennels. A team of seven veterinarians work at the clinic and on-site services are provided within an 80km/50mi radius of the business.

Main revenue streams include large animal pharmaceuticals and vaccinations, small animal retail, and equine vaccinations. The number of small animal clients continues to grow, and equine services are also trending upward. There is plenty of room within the facility to increase business without renovation.

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Property Features and Assets:

Equipment: $500,000+: Cutting edge technology, two full surgical suites, in-house lab, digital x-ray Inventory: $280,000: Medical and operational supplies, pharmacy, retail Average A/R: $300,000 *amounts may vary Intangible Assets: Shining reputation, excellent social media reviews, innovative approach, experienced staff, institutional knowledge will remain intact

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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