Multi DVM Animal Hospital Western Michigan

Grand Rapids, Michigan, United States

Asking Price-

Revenue$1,900,000

EBITDA$113,000

Cash Flow-

Description

The business is a 3 DVM veterinary hospital with 2 full-time and 1 part-time veterinarians. There are 2 fill-in veterinarians and 1 specialist, which are utilized, as needed. The hospital has over 3,300 active pet clients and provides advanced dentistry in addition to routine dental care, dermatology care, diagnostics, pharmacy, and surgical services, along with traditional wellness services and after hours care. The practice was established in 1984 and the seller began working there in 1995 and purchased it in 2004.There are 10 full time equivalent (FTE) staff; 4.0 FTE LVTs, 1.3 FTE Office Managers, 2.1 FTE Vet Assistants, and 2.6 FTE office staff/CRMs. Training programs are provided for new and existing staff. Benefits, including Medical and Retirement Plan are available for full-time staff, while part-time staff have access to the Retirement Plan. Revenues have held steady over the past 3 to 4 years at approximately $1.9M, with an overall increase of 0.3% CAGR. An adjusted EBITDA of $113K has been reported for the Trailing Twelve Month period from August 1, 2025 through July 31, 2026.

Real Estate

Owned

Building Size: 2600 sq. ft.

Number of EmployeesFull-Time: 8Part-Time: 8Contractors: 1

Year Established

1984

Reason Selling

Working toward Retirement

Facilities & Assets

The hospital facility is owned by the seller in a separate entity. It is 2,600 square feet and includes 3 exam rooms, a surgery suite and a dental suite, as well as kennels, pharmacy, a lab station, lobby and reception area.

Support & Training

Training programs are provided for new and existing staff as well as continuing education for licenses.

Market & Competition

The location of the hospital is in the second-most populous city in Michigan. It is a part of a major metropolitan area which has a population of about 1,800,000. The metro area's median household income is approximately $80,000. While there is no specific data for the area on pets per household, according to the AVMA, Michigan is one of the higher ranking states with 62.4% of households owning a pet. There are 7 Veterinary Hospital within a 5 mile radius. This hospital has a 4.8 Google rating on with over 300 reviews and average pricing for the area.

Growth Opportunities

The area in which the hospital serves is a desirable part of the state in which to live, making it easy for recruiting. It is one of the fastest growing areas of the state. It is a rising tech cluster, tracking significant venture capital growth and tech job creation, providing above average income. Given 62.4% of the households in the state own at least 1 pet, there is potential for growth in clientele.

Business listed by

Legacy Connect Partners LLC

Related Categories

Veterinary Practices for Sale

•Business for Sale in Michigan