Veterinary Practices
Active
Two (2) DVM Practice located in Ohio on the Ohio-Kentucky Boarder
Portsmouth, Ohio, United States
Asking Price-
Revenue$1,424,406
EBITDA$194,092
Cash Flow-
Description
This Two (2) DVM Animal Clinic was established in 1928 and has been owned by the current DVM/owner since 2013. The practice currently has 2 full time veterinarians. Fill-in veterinarians are utilized, as needed. The current owner plans to continue working at the clinic after the sale. The Clinic has over 3,700 active pet clients.
The clinic provides Dental Care, Dermatology Care, Diagnostics, Pharmacy, Surgical Service and Boarding, in addition to traditional wellness services. The Fees for the practice are average for the area.
Real Estate
Owned
Number of EmployeesFull-Time: 5Part-Time: 11
Year Established
98
Reason Selling
Focus on Medical Services and reduce time spent on administrative activities of the business. Reduce debt.
Facilities & Assets
The facility is owned by a separate LLC by the owner, with rent of $48,000 to that entity and Real Estate Taxes of $9,570, which is not included in the financials but was factored into the adjusted EBITDA. The rent is anticipated to increase to $65,000, also included in adjusted EBITDA. The facility includes 4 exam rooms, a surgery suite and a dental suite, as well as 25 kennels. It was constructed in 1938 but was last renovated in December 2020. There is room for additional exam rooms in the existing footprint, as well as the ability for external expansion on the current property.
Support & Training
Training and mentoring are provided for new and existing staff, in addition to allowance for Continuing Education.
Market & Competition
The town where the clinic is located has a population of just about 18,000. The County, where the clinic is located has a population of about 72,000. The median household income is approximately $35,300 with a median age of 37.1. There is one other Veterinary Hospital within a 5 mile radius.
Growth Opportunities
With room to add additional exam rooms within the current footprint, as well as the ability for external expansion on the current property, additional production could be managed easily with the current facility. Growth in production with the current facility and personnel could be achieved with a partnership that would provide assistance in the administrative staff and allow the owner to focus on providing medical services. The longevity well-regarded reputation of the current team has provided stable production and a demonstrated track record. In addition, their ability to provide a wide range of services can attract additional clientele.
Business listed by
Legacy Connect Partners LLC
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