OFF MARKET SoCal Cat Focus Veterinary Practice for Sale

$2,400,000$1,555,456

Description

OFF-MARKET ‘Q4 2020, WILL COME BACK ON MARKET TBA 2021 THOUGH!

Vet practice cats S/CAL 25 yr AAHA AAFP ISFM GOLD

Asking Price: $2,400,000
Gross Revenue: $1,555,456
EBITDA: $210,317 (2018, head vet/co-founder passed away 4th quarter of 2018. EBITA 2017, $275,272).
Inventory: Complete, current, inventory as required for the practice, including numerous items of diagnostic and analytical equipment. Full list provided upon your signature of an NDA.
Real Estate: 5,745 sq. ft. building included in the sale. Can be configured to add an additional 1,200 square feet of working space for offices, exam rooms, labs, boarding, etc.
Established: 1994
Employees: Employees 22 to 25 at any given time Independent contractors Relief Veterinarians as needed.

Business Description

The Practice is a very well established, working, extremely reputable Veterinary practice, specializing in cats. It is located in the heart of Southern California. The practice has had thousands of clients over the years and boasts a huge, ongoing and loyal customer base and many return clients. The location of the Practice is literally in the midst of a customer draw area of over a million and a half people. The business will take a large and immediate jump in revenue with just the addition of one or two people. The practice has hundreds of rave reviews and a terrific brand reinforced by numerous awards and membership in a variety of prestigious, professional organizations. The practice provides 30-minute consultations with the owners and their feline companions as opposed to shorter appointment times as offered by other practices. Over the years the founder and her colleagues found that allowing sufficient time to establish a rapport with the cat owners, and providing good information and support, encouraged clients to bring their pets back regularly for preventive care as well as for illnesses and injuries, year after year. The practice includes a fully equipped, state of the art 5,745 sq. ft. building which can be configured to add an additional 1,200 square feet of working space for offices, exam rooms, labs, boarding, or whatever may be desired. The Practice is highly regarded in the community, and has excellent reviews on Yelp and Google, with a 4.5-star rating and numerous highly positive reviews in both. It is a recipient of multiple awards from the media, the City in which it is located and the State of California. The Practice is is AAHA Accredited, and AAFP and ISFM accredited with a GOLD status “Cat-Friendly Practice” accreditation.

Competition: Comprehensive package on file provides all details, NDA is required, submit below.
Growth & Expansion: NDA is required.
Support & Training: Full complement of employees, many of whom have been with the practice for 10 to 20 years. All employees, wish to remain.
Reason for Selling: The business was founded by a wife-husband team; the wife was the Veterinarian and lead business manager. She passed away late last year. The husband wishes to sell the practice and will not remain involved.