Owner has been satisfied with income earned and work-life balance on 30 hours a week and desires to retire. This self-sustaining, turnkey practice will make you money from day one as it did for the owner. The established and new clients from this growing Urban Village ensure robust demand for services. New owner will replace seller and enjoy the same schedule or can expand staff and hours to earn substantially more income. Practice historically grosses $750,000 per vet with high net income.
Investment Highlights
1. Practice is an enduring community establishment supported by generations of deep-rooted clients
2. Urban Village location ensures continued growth of pet-friendly housing development driving valuable new client growth
3. One of the few privately owned practices within a city of corporate practices
4. Prime location with excellent accessibility
5. Skilled, collaborative and trustworthy team in place
6. Large, full-service hospital facility with in-house lab & state of the art imaging
- Asking Price:
- $1M - $5M
- Sales Revenue:
- $1M - $5M
- Cash Flow:
- $500K - $2.5M
Property Information
- Real Estate:
-
Real Property Included
- Location:
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Hospital is located in popular neighborhood of Seattle with cherished historic character and a vibrant cultural scene. The greater Seattle area provides an unparalleled lifestyle for those seeking outdoor pursuits in the mountains or on the water. The city provides urban opportunities to attend professional sports, concerts and cultural events as well the shopping, dining and nightlife of a big city.
- Premises Details:
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Strategically placed on a high visibility transportation corridor to downtown Seattle with a daily car count of 50k and zoning for high density housing, this practice continues to grow. This full-service, free-standing hospital features exam rooms, treatment room and office space for 4 veterinarians and staff plus dental, surgery and imaging suites. The practice was recently enlarged and kitted out with state-of-the-art veterinary equipment including all digital radiology.
Real Estate for sale is a valuable investment in and of itself. Free standing hospital provides 4500 sq ft of hospital space, client parking and fenced exercise yard. Attached, auxiliary 2 bed apartment provides rental income to property owner. Zoning and demand for housing allow buyer to develop the property in to a four story, mixed-use building, in the future, if they desire.
Business Operation
- Expansion Potential:
-
Opportunities to Increase Income
1. Veterinarians work more ambitious schedules
2. Enlarge workforce
3. Extend office hours
4. Increase urgent care services
5. Invite referrals for imaging services
6. Potential use as a central hospital for group of satellite clinics
- Competition / Market:
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Less than average competition. Three vet clinics within a mile radius have exited the area in the last 5 years.
- Reasons for selling:
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Retirement
- Trading hours:
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4 days a week.
- Employees:
- 7
- Years established:
- Since the 20th Century
Other Information
- Support & training:
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Transition support and training in operations and PMS included.
- Financing available:
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Limited seller financing available to qualified buyers
