Company Overview
American HealthCare Capital is pleased to introduce a well-established, 34-year-old Veterinary Hospital in Northern California. This state of the art, modern hospital is located in a new building that opened its doors in 2008 and focuses on Preventative Animal Medicine and Surgery, and it has an on-site laboratory. The entire practice is built on word-of-mouth referrals, and 100% of the patients are private pay.
The seller is at retirement age and has been gradually cutting back his work schedule and relying more on his independent contractor veterinarians plus his team of 12 people to operate his hospital.
The hospital is fully accredited by the American Animal Hospital Association (AAHA) and is among the top 12% of Animal Hospitals in the USA and Canada who are accredited based on a series of golden standards in systems and processes to ensure quality of care (QoC) and quality of experience (QoE) for each patient. The following is the list of some of the services provided by the hospital:
- Preventative Medicine
- Behavior Counseling
- Blood Work
- Boarding and Grooming
- Cremation
- Critical Care
- Dental Care and Oral Surgery
- Digital Radiology
- Exotic Counseling
- Full In-House Pharmacy
- Geriatric Care
- Glaucoma Screening
- Heartworm Treatment
- Hospice Care
- Immunizations
- Microchipping
- New Pet Exams and Counseling
- Nutritional Counseling
- Pain Management
- Surgery
- Ultrasound
- Wellness Exams
Financial Overview
The hospital’s collected revenue has been hovering around $1.4 million over the last few years, as the doctor is cutting back days as he gets closer to retirement. They expect a projected revenue of $1.5 million for 2024. This will be an opportunity for a younger and more energetic veterinarian to take over this general practice and grow it to its maximum potential.
The Upside Opportunity
This veterinary hospital has extraordinary potential for further growth if it was staffed with two to four veterinarians and stayed open 7 days a week. There is currently more demand for services than the current owner is capable of handling on his own. The hospital has the potential of reaching over $3,000,000 in revenue with the existing client base by offering extended hours and more services.
The Asking Price
The Seller is willing to work for a new owner up to 3 years on a limited schedule. The asking price for this opportunity is $750,000 or best offer.
