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Vet Practice in Fairfield County - Owner is willing to stay on for one year!

$308k in assets and 29% profit margin!

CASH FLOW
$374,081

Specifications

  • Price
    $2,100,000

  • Revenue
    $1,283,242

  • Reason for Sale
    Divestment

  • Location
    Fairfield County, CT

  • Service Area
    Local clients

  • Profit Margin
    29%

  • Inventory
    $10,000: Food, retail sales, medicine, supplies

  • Lease
    2,500 sq. ft. at $5,000/ month: 2 exam rooms, radiology, lab, prep area, retail area, office, reception

  • Employees
    8: 2 Vets, 1 Manager, 2 Vet Techs, 2 Vet Assistants, 1 Receptionist

  • Equipment
    $308,000

This animal hospital has a 29% profit margin! With excellent reviews from their many loyal customers, this Connecticut vet practice has been well-regarded in the community since their start in 2015! Located in Fairfield County, the practice is an AAHA accredited clinic that serves small animal clients in their family-like atmosphere. The facility has two exam rooms, a reception area, prep area, and over $308,000 in assets to ensure the best possible care for their four-legged friends.  The growing client base has contributed to the year-over-year expansion of this business, but the current staff is capable of accepting new clients without sacrificing high-quality care. The team currently consists of one part-time and one full-time veterinarian as well as two techs and two assistants.   The owner currently operates in an oversight capacity, making this an excellent opportunity to acquire a successful practice that is mostly self-managed. 

 

The 2,500 square foot space features two exam rooms, prep area, in-house lab, radiology and kennel area.  There is room to add additional veterinarians to the staff, increasing revenue, solidifying a wider client base, as well as it being an opportunity to extend operating hours, if desired.  There are no hospital services on-site, but this clinic has partnered with local animal hospitals for emergency or complicated care cases.  Growth could be found in expanding hours to accommodate evening clients or emergency services that do not rise to the level of hospital care. 

 

Currently operating in an oversight capacity, the owner is not responsible for billable hours at this location.  With a full-time manager in place, this practice is well-positioned to continue operations.

Business Highlights

  • Year Established: 2015
  • Location: Fairfield County, CT
  • Client Base: Dogs, cats, hamsters and other small animals  
  • Services: Complete wellness exams, in house blood & urine services, dentistry, digital radiology, surgery, medications and small retail
  • Lease: 2,500 sq. ft. at $5,000/ month: 2 exam rooms, radiology, lab, prep area, retail area, office, reception
  • Reason for Selling: Divestment
  • Employees: 8: 2 Vets, 1 Manager, 2 Vet Techs, 2 Vet Assistants, 1 Receptionist
  • Hours: M-F: 8am-6pm, Sat: 8am-2pm
  • Seller Training Period: 1 year
  • Growth Opportunities: Hire more vets/vet techs to assist more clients, stay open later during the week and on weekends, expand emergency care
  • Current Owner’s Responsibilities: Oversight – Not responsible for billable hours. Only visits once per month. 

Financial Highlights

  • List Price: $2,100,000
  • Gross Sales:
    • TTM 2019: $1,283,242
    • 2018: $1,192,169
    • 2017: $1,166,253
  • Cash Flow:
    • 2019: $374,081
    • 2018: $337,048
  • Assets Included in Purchase*
    • Equipment: $308,000: IDEXX computer, CR system, kennels, furniture, fixtures, digital radiology, laser
    • Inventory:  $10,000: Food, retail sales, medicine, supplies

*amounts may vary

Cash Flow Analysis

Description of Financial StatementP&L StatementTax ReturnTax ReturnNotes
201920182017
GROSS SALES$1,283,242$1,192,169$1,166,253
Net Income Shown on Financial Statement$189,839$60,959$-4,370
ADDBACKS
Compensation to Owner$157,200$157,200$156,000
11% Tax on total W2 Salaries$17,292$17,292$17,160
Depreciation$0$39,833$10,184
Interest$0$19,255$18,634
Amortization$0$24,072$24,072
Consulting Fee $9,750$18,437$0
Non-Onward Going$0$0$0Employee embezzlement
Contributions/Donations$0$0$0
Meals & Entertainment$0$0$0
Vet Adjustment/Payment$0$0$0
Rent$0$0$0
Taxes$0$0$0
Rebates$0$0$0
TOTAL ADDBACKS$184,242$276,089$226,050
Seller's Cash Flow = Total Addbacks + Net Income$374,081$337,048$221,680
Profit Margin29.15 %28.27 %19.01 %
  • Consistent growth year-over-year!

Typical Clients and Services

Typical Clients:

  • Pet owners with:
    • Dogs
    • Cats
    • Pocket pets

Services:

  • General care
  • Evaluations
  • In-house lab
  • Dentistry
  • Radiology
  • Surgery
  • Pharmacy
  • Retail

Specific information regarding clients is available upon the receipt of a signed Non-Disclosure Agreement.

Employees

Total Employees: 8

  • 1 FT Veterinarian
  • 1 PT Veterinarian
  • 1 Manager
  • 2 Vet Techs
  • 2 Vet Assistants
  • 1 Receptionist

Growth Opportunities

  • Hire more vets/vet techs to assist more clients 
  • Stay open later during the week and on weekends 
  • Expand emergency care

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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