Multi-Vet Practice

Not Disclosed, OR

North of Portland

Asking Price: Annual Revenue:
$1,152,000 $1,910,703

Services: Pet Care & Grooming

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RE: Multi-Vet Practice Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,152,000 10% Buyer Down Payment: $115,200 10% Seller Financing: $115,200 80% Bank Loan: $921,600

Quick Facts

Asking Price: $1,152,000
Annual Revenue: $1,910,703
Net Profit: Not Disclosed
Cash Flow: $256,169
Total Debt: Not Disclosed
FF&E: $160,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 16
BBN Listing #: 737334398
Broker Reference #: ANI043

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Business Overview:

Providing general veterinary care North of Portland, Oregon, this veterinary practice is getting ready to open a brand new clinic! Consolidating two local offices will help streamline services and consolidate veterinarians, offering better service in a new facility. Most clients are house pets including dogs, cats, and some exotics who receive services that include general care, surgery, and radiology. The on-site pharmacy allows for easy dispensing of necessary medications and foods for special diets. Three veterinarians are currently on staff (2 PT, 1 FT) as are six vet assistants, three clinic assistants, one kennel assistant, and three receptionists. The owner, who practices full-time, is willing to remain a part of the team for up to one year, or as negotiated.

The new space will be 4,200 square feet and will feature four exam rooms, a surgical suite, a radiology room, a lab and pharmacy, as well as a reception area and storage. Three to four full-time veterinarians could be supported in the next location, increasing revenues.

Once fully staffed, current hours could be expanded to accommodate more clients as well as later, earlier, or more weekend appointment availability. Social media advertising may help get the word out about the new clinic and continuing to engage on these platforms may help to generate a wider client base.

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Property Features and Assets:

4,200 square feet: 4 exam rooms, surgical suite, radiology, lab, reception, pharmacy, storage (The building will be for sale outside the sale of the business).

Market Competition and Expansion:

Add vets to the staff, engage on social media, implement a review campaign, target advertising to promote new clinic.

Reason for Selling:

Retirement planning

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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