Veterinary Practices
Active
Six (6) DVM Practice located on Long Island, NY
Hauppauge, Suffolk County, New York, United States
Asking Price-
Revenue$4,291,238
EBITDA$557,167
Cash Flow-
Description
This Six (6) DVM Animal Clinic was established in 2008 and has been owned by the current DVM/owners (husband and wife team) since the inception. The practice currently has 2 full-time and 4 part-time veterinarians comprising 3.6 FTE’s. The owners operate as part-time veterinarians, and plan to continue in that capacity after the sale for a negotiated period of time. The Clinic has over 3,800 active pet clients. There are 8 full time staff; 4 Vet Techs, the Practice Manager, 3 office staff or CRMs or Receptionists. In addition, there are 14 part-time staff; 2 part-time Vet Tech, 2 office staff or CRMs or Receptionists, 9 part-time Vet/Kennel Assistants, plus 1 seasonal Vet/Kennel Assistant. Benefits for Health Insurance are offered to full-time ADVMs, the office manager and Vet Technicians, with a stipend provided to one of the technicians. A retirement plan is also offered to full-time staff.
The hospital recently constructed and moved into a brand new, state of the art facility with 6,500 square feet including 8 exam rooms, a surgery suite, and a dental suite. An additional 4,000 square feet of renovation has been completed in the basement which houses 50 kennels and room for day care.
The clinic provides Dental Care, Dermatology Care, Diagnostics, Pharmacy, and Surgical Service, in addition to traditional wellness services. With the newly completed kennel and day care area in the basement, the practice will now be able to provide boarding and day care services, which are currently not reflected in the revenue. The Fees for the practice are average for the area and price increases are normally considered once per year. Pricing is compared to other practices in the area to ensure competitiveness.
Real Estate
Owned
Building Size: 6500 sq. ft.Number of EmployeesFull-Time: 10Part-Time: 16
Year Established
2008
Reason Selling
Looking for administrative support and more time off
Facilities & Assets
The hospital recently constructed and moved into a brand new, state of the art facility with 6,500 square feet including 8 exam rooms, a surgery suite, and a dental suite. An additional 4,000 square feet of renovation has been completed in the basement which houses 50 kennels and room for day care.
Support & Training
Training and mentoring are provided for new and existing staff.
Market & Competition
The town where the clinic is located has a population of over 20,800 and is located on Long Island in Suffolk County. It is considered part of the New York City metro area. The median household income is approximately $146,000. While there is no specific data for the area on pets per household, the area offers a significant number of pet friendly activities and locations to accommodate pets. The Clinic has a 4.5 rating on Google with over 220 reviews.
Growth Opportunities
While the new facility was being completed and permitted, the practice had to work in temporary facilities with restricted space impacting productivity. Production for 2025 was up 10% as they were able to operate at full capacity in the new facility. With the new facility being fully online and as ADVMs are added and reach their full potential, the growth should continue. In addition, the hospital recently completed the build out of boarding and day care facilities in the basement, and when fully permitted, will provide additional revenue potential.
Business listed by
Legacy Connect Partners LLC
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