Small Animal Veterinary Practice for Sale Near the Chesapeake Bay in Cecil County, Maryland!
The practice currently operates as a full-service, multi-DVM, small animal hospital. The practice has maintained a steady increase in revenue each year, for the past three years. Last year the practice grossed well over $1.2M, and it is on track for even more growth by the end of 2020. The earnings before interest, taxes, depreciation and amortization (EBITDA) is approximately $167K. The practice price, not including real estate, is just over 7 times EBITDA. A new owner can expect an after-debt income (ADI) of approximately $182K. This practice is ready for a new doctor to jump in seamlessly and build their own success.
The practice operates out of a 2,400 SF facility, with additional basement space. The practice is easily accessible from a main Highway and has a large, paved parking lot. The practice rests in a semi-rural area, among other commercial businesses. The practice has had several major updates, including the addition of exam rooms, a break room, a new roof, solar panels, new flooring, new windows, and new siding. The practice is clean and organized with 4 exam rooms, a modern laboratory, pharmacy, and a fully equipped surgery suit. The practice also has digital x-ray and IDEXX equipment and laboratory computer software.
This area is ideal for someone who wants to live in an area with small-town charm with plenty of outdoor activities but have all the amenities of a big city close by!
Type: ALL PRACTICES (SOLD)
Property ID: (NOT AVAILABLE)