Profitable Veterinary Clinic For Sale in Regional Victoria

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Melbourne 3000 Melbourne, Victoria, Australia

15 1441
$1,650,000
53365486
6 months ago

Highlights

  •  Turnover: ~$1,500,000
  •  Net Profit: ~$400k plus
  •  Debt-free business
  •  Owner is open to selling the land separately to the business

Overview

This is a regretful sale as the owner is wanting to retire after 40 years of operating and growing this quality community business.

The owner is open to selling the land Lease: Currently owner/occupier - new Lease available to the buyer at just $950/week.

The practice is on the main street of town, on the edge of the shopping centre and next to a small supermarket with plenty of parking.

Practice built from scratch in 1980 and have been in the current site for about 30 years.

Major extension 2016, where the practice added two consulting rooms, a large area for dental / lab work / X-rays and a surgical theatre.

Equipment includes dental machines, digital xray, Idexx machine, monitoring equipment, oxygen generator, 5 computers connected to the CHS Vet program and a new autoclave. separately to the business

Services offered: 24hr Emergency Service, Nutrition Counselling, Obedience Training, De-sexing, De-worming, Dentistry, Microchipping

About

Long term loyal staff. Staff are long term and happy to stay on after the acquisition. All have strong relationships in the area. Total staff includes 4 vets and 6 nurses

Run under management. The business owner only works on Saturdays and when required. Most of the operations and organic growth happens without the owner's presence.

Very low rent. The business owner is also the landlord of the property that houses the veterinary clinic. To bolster the deal proposition, he is willing to offer the incoming business owner very low rent/lease rates. Comparable spaces in the area are being leased for $55-65K p.a. The owner is happy with $50K p.a.

Stellar brand reputation. The Company has amassed over 100 raving community reviews on Google and has cemented their positive brand reputation.

Duopoly in the region. The Company is one of two veterinary clinics in the region. The region is also world renown for its wildlife and so demand for their services is high.

Tourist destination.  This area is a popular pet-friendly tourist destination that receives seasonal bursts of foot traffic. It has also recently experienced population growth due to the rising desire for a sea change after Covid-19.

Steady and robust business growth. The Company has grown steadily over the past 40 years in the community and has experienced rapid growth in the latest two years. This is the first time the business is up for sale and is a quality opportunity.

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