Five (5) DVM Animal Hospital Western Michigan

Michigan, United States

Asking Price-

Revenue$2,100,000

EBITDA$68,000

Cash Flow-

Description

This Five (5) DVM Animal Clinic was established in 1995 and has been owned by the current DVM/owner since the inception. The practice currently has 2 full-time and 3 part-time veterinarians comprising 3.85 FTE’s. The owner operates as the fill-in veterinarian, as needed and plans 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 9 full time staff; 2 Vet Techs, the Practice Manager, 3 office staff or CRMs or Receptionists, 3 Vet Assistants. In addition, there are 8 part-time staff; 1 part-time Vet Tech, 7 part-time Vet/Kennel Assistants, one of which is seasonal. Training and mentoring are provided for new and existing staff. Benefits, including Medical, Dental and Life Insurance, as well as an optional Pension benefit for LVTs are provided. Revenues have held steady over the past 3 to 4 years at approximately $2.1M, with an overall increase of 4.3% CAGR. An adjusted EBITDA of approximately $68K has been reported for the Trailing Twelve Month period from July 1, 2025 through June 30, 2026. This has been impacted by a 4 month slow down due to flood recovery from a busted pipe. All repairs are complete and the hospital is now fully functional. 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 in the top three for the area and price increases are considered one to two times per year with a minimum 3% to 5% increase on services as needed throughout the year. Product prices are increased when manufacturers and distributors increase their prices. The Clinic is not a member of a buying group. The facility is owned, with rent of $72,000 to the owner and Real Estate Taxes of $9,350, which are included in the financials. The rent is anticipated to increase to $82,000. The town where the clinic is located has a population of over 37,000 and is within 45 minutes of a major metropolitan area. That community has a population of about 201,000 and an economy anchored by a highly diversified corporate landscape, primarily fueled by advanced manufacturing, healthcare and major retail distribution hubs. As highlighted by recent LinkedIn economic metrics, this area is a rising tech cluster, tracking significant venture capital growth and tech job creation targeting 10% of regional employment by 2031. The median household income is approximately $65,000 with a median age of 41.5. 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 4.7 rating on Google with over 300 reviews.

Real Estate

Owned

Building Size: 3950 sq. ft.

Inventory

Included in Asking Price

Number of EmployeesFull-Time: 11Part-Time: 11

Year Established

1995

Reason Selling

Working toward retirement.

Facilities & Assets

3,950 square foot facility with 4 exam rooms, treatment area containing a wet sink and lab, Radiology room, Surgery room, separate dog and cat kennels with a food prep area. Recently updated floors and paint.

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 37,000 and is within 45 minutes of a larger metropolitan area. That community has a population of about 201,000 and an economy anchored by a highly diversified corporate landscape, primarily fueled by advanced manufacturing, healthcare and major retail distribution hubs. As highlighted by recent LinkedIn economic metrics, this area is a rising tech cluster, tracking significant venture capital growth and tech job creation targeting 10% of regional employment by 2031. The median household income for the town is approximately $65,000 with a median age of 41.5. 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 4.7 rating on Google with over 300 reviews. There are 13 veterinary clinics within a 5 mile radius.

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