Practices For Sale

Ref# 4615

Status: New

Location: Ontario

Gross Revenue: $549,680

Appraised Value: $567,300

Asking Price: $567,300

Cash Earnings: $167,820

Previously posted as Ref #4348

Dear respected Veterinarians,

In our original advertisement of this opportunity, the lease included a demolition clause. This is no longer the case. Our vendor has managed to negotiate a secure long term future at this location, successfully working with the landlord to remove this troublesome clause. This new status will make for a smooth succession and certainly please financial institutions looking to finance the opportunity.

Mississauga

ROI Corporation proudly presents a remarkable opportunity to purchase a long-established small animal clinic. The office has spent decades interweaving its unique charm into the sprawling neighbourhoods in the heart of metro Mississauga. Our talented client is happy to associate during a transition period and potentially longer, looking to set a new owner up for success.

A testament to the hard working staff and devout clientele, the office has demonstrated significant resilience and has seen ~5% revenue growth over the course of this difficult year. Operating on limited hours and enjoying significant seasonal down time the office continually manages to post healthy cash earnings that can easily be increased with an injection of new ideas and doctors hours. The highly convenient location lends itself well to all marketing endeavours both traditional and online.

Highlights of this practice include:

  • Well established vaccination program
  • Excellent client demographics, high growth trend
  • Significant scope to grow all procedural verticals.
  • Diet/Retail represents over 10% of practice revenue.
  • Well trained staff with a strong sense of business systems / Policies and procedures
  • Excellent local following that could be extended to the wider area
  • Ample Free parking with a generous working area
  • From January 1, 2021 – March 22, 2021 the clinic has grossed 29% more than previous year.

Additional Purchaser/Advisor Information:

  • A full updated appraisal will be provided within 24 hours to those who have completed a ROI Corporation confidentiality agreement and requested it directly.
  • A Confidential Open (by appointment only) will be held on the evening of Friday, 26th March, between 5PM – 7PM
  • Offers are being accepted immediately
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • Our client prefers a closing date during the Summer of 2021

For more information or to book an appointment, please contact Mr. Robert Spillane, Sales Representative.

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