Newmarket Veterinary Hospital & Real Estate - REF.# 1627
$4,700,000 CAD
Asking price - practice: $2,300,000
Asking price - real estate: $2,400,000
REF#. : #1627
Available: 15/10/2024
Province: Ontario
Type: Veterinary Hospital & Real Estate
Region: Newmarket
SQFT: ~1,800 sq/ft
Gross Rev: $1,927,683
EBITDA: $729,187
Status: CONDITIONALLY SOLD
Welcome to Jon Walton’s exclusive presentation of this beautiful stand-alone veterinary hospital that has been loyally servicing the community for over 37 years. This is a rare opportunity to own not only a thriving 2.5 to 3 FTE veterinary hospital, but also the exquisite, recently renovated real estate the practice is housed in. Avoid ever increasing Landlord pressure seen through demolition clauses which could leave your practice unsaleable as well as escalating rental rate; build personal equity and step directly into a thriving hospital and career.
The current owners have done an excellent job training and hiring staff, operating the practice as an investor veterinary practice (no owner veterinary hours worked, associate driven practice). Experience a strong cash flow, while servicing your debt with the added ability of increasing your cash-flow immediately by becoming a full-time veterinarian in the practice.
The facility is beautifully constructed and recently renovated in mid 2017. Enjoy an above average amount of natural light as this practice is filled with exterior windows. Equipped with 3 full examination rooms, an operating room, and one dental room that could be converted to a 4th exam room if required. This practice has the space and layout to accommodate continued growth.
This hospital has an extremely loyal client base and very stable gross revenue that shows the ability to continue to grow with more veterinary hours offered. Growth in this hospital is very achievable should you desire to increase veterinary hours.
Hospital Highlights
· Digital records and Laboratory result
· Real Estate available for purchase
· Employment contracts in place
· Excellent signage, branding and exposure
· Vetspire practice management software
· Investor veterinarian practice structure
· No evening hours offered
· Fee guide prices in place
Do not miss coming to see this one!
The private and confidential open will be held by private and confidential appointment only, after practice business hours.
The full appraisal is ready and will be sent to those interested parties upon completion of a confidentiality agreement.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this great hospital, please contact Jon J. Walton.
Jon J. Walton, BSc, C.C.O.V.I
Partner, Manager and Sales Representative
Direct: 519 829 5953