Revenue (approximate): $2,230,000
Profit (approximate): $601,000
Reason for Sale: Retirement
Established: The current vendor has been operating the Vet since 2011
Staff: 9 (3 Vets, 4 Vet Nurses, 1 Practice Manager, 1 Reception Manager)
Location: Regional South Australia
Opportunity: The perfect strategic buyer for this would be a group who are doing a roll-up in a regional area or an individual vet looking to make a purchase.
Award winning. The clinic is well revered in the local community, participating and spearheading many community programs and efforts. They are even recipients of local community awards such ‘Outstanding Business Award”.
Raving online reviews. The clinic is very reputable and boasts a stellar 4.6 Google rating from 185 customer reviews. The owner has also invested in developing a great website.
Additional services. There is also a pet grooming and boarding business attached. They also sell specialised collar, leads and harnesses. Our staff have been trained and know how to fit the animal on an individual basis. They also sell Pet food.
Growing industry. Covid-19 and associated lockdowns have lead to rising pet ownership ad rising importance of breeding stock quality is likely to increase demand for veterinary services.
High barriers to entry. As it is a rural town that is not particularly close to any Australian metro, not many individuals are willing to make the sacrifice of moving to obtain the necessary education to become qualified a vet. This, in conjunction with the high start-up costs to establish a veterinary clinic means little to no competition in the short to medium term.
Support. Bringing over 30 years of experience to the clinic, the current owner is willing to transfer his wealth of knowledge to the new owner (technical and about the local community) and help them transition into new position.
Room for growth. Currently, the Vet is not operating 7 days a week. This could easily be ramped up to increase turnover.