Veterinary Practices
Active
Veterinary Practice in Michigan
Holt, Michigan, United States
Asking Price-
Revenue$1,961,000
EBITDA$350,000
Cash Flow-
Description
This Veterinary Hospital is currently a single Doctor clinic with 1 full time veterinarian and fill in veterinarians, as needed. The Hospital averaged nearly 51 new clients per month during the Trailing Twelve Month period (TTM) and an average of 439 total completed visits per month. The Hospital has a total number of active clients of over 2,300 with a small patient population of Exotic/Pocket Pets and Small Animal pets. The owner/DVM currently has a fourth (4th) year Veterinary student committed to come on board upon graduation in May 2027, as an Associate Veterinarian. The Hospital provides Dentistry, Surgery, Wellness, X-Ray, Laser in addition to routine Wellness Care and Exotics/Pocket and Small pet services.
Real EstateBuilding Size: 1600 sq. ft.
$450kIncluded in Asking Price
Inventory
Included in Asking Price
Number of EmployeesFull-Time: 6Part-Time: 6
Year Established
2019
Reason Selling
Owner/DVM is looking forward to focusing on the medical services while obtaining assistance in the administrative functions.
Facilities & Assets
The current facility is owned by the DVM and leased to Hospital. The rent for the current facility is $54,000. The owner has purchased a larger building within 2 miles of the current location that, once remodeled, will accommodate more exam rooms and expanded treatment/surgery rooms. The additional rent currently being absorbed by the business related to the new building is currently $67,500 on an annual basis. The owner is interested in selling that real estate with the business.
Support & Training
Training and mentoring are provided for all new staff.
Market & Competition
The town where the hospital is located has a population of over 25,000 and would also be included in a nearby metro area, which has a population of over 470,000. The median income in 2024 was approximately $86,500, slightly above the national median of $83,730. The average household size is 2.4 individuals, and the median age is 38.4. While there is no specific data on pets per household, Michigan is a Top Twenty state for pet ownership with over 62% of households having at least one pet. The hospital has a 4.7 rating on Google with over 270 reviews.
Growth Opportunities
There is opportunities for expansion with the build out of the recently purchased facility located within 2 miles of the current facility. An additional ADVM is scheduled to start upon graduating in May 2027. With an additional doctor and 2 additional exam rooms, there is ample room and demand to grow the revenue.
Business listed by
Legacy Connect Partners LLC
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