This solo veterinary practice, located in San Luis Obispo County, is housed in a leasehold of approximately 3,000 SF. This practice has been providing veterinary care to companion animals in the area since the 1980s. The practice is conveniently located near a major highway, in a colorful and energetic community, less than a half mile from the Pacific Ocean. There is minimal competition with only one other veterinary practice in the city.
The practice grossed over $636K in 2020 and is working to increase revenue this year. Although presently a single veterinary practice, there is plenty of room to support two or more doctors and boost revenue. As it stands, a new owner can look forward to an after-debt income (ADI) of approximately $138K. A great deal of opportunity exists for the right buyer/doctor who has a desire to expand the practice and incorporate additional services which are not currently offered. There is also potential to increase revenue by promoting pet insurance, making frequent social media posts, and extending the practice hours beyond 5 o’clock in the evenings.
The practice is beautifully maintained, organized, clean, and is paperless utilizing advanced cloud-based veterinary software. There are 2 years left on the current lease which is $4,600 per month. The main body of the clinic consists of a spacious reception area, two exam rooms, a treatment room, surgery suite, a digital X-ray area, and a pharmacy/lab area. Additionally, there is a doctor’s office, an employee lounge, and a cat boarding area. The practice also offers a dog kennel which has undergone a beautiful renovation and includes an 800 SF, secure, outdoor exercise yard.
The current owner/doctor is looking to retire and sell this strategically located practice, along with its incredible reputation to a new doctor who has a desire for practice ownership. This would also be a great opportunity for a corporation to expand their reach in a busy, coastal, family-friendly community.
Type: ALL PRACTICES Sold
Property ID: (NOT AVAILABLE)