Small Animal Veterinary Practice for Sale in Chesterfield County, Virginia
From a business perspective, this veterinary clinic is operating at a high level of productivity considering the solo practitioner is working limited hours. The practice grossed over $497K in 2020 (28% increase over 2019) and wrapped up 2021 with an incredible 34% increase for the year! The practice produced a 2021 gross revenue of over $670K. This practice is highly profitable, and a new owner can look forward to a generous after-debt income.
This veterinary practice operates in a leasehold space of approximately 1,280 SF in a neighborhood shopping center near a signalized intersection. The team at this clinic is small but mighty, and they do an incredible job of supporting the doctor. The practice has top-notch equipment including on-site diagnostics and digital X-rays.
As a family-owned business, this veterinary clinic offers enormous potential for future growth, building off a firmly established practice with a solid, existing client base and excellent reputation. Currently, the practice is averaging over 30 new clients every month, and the developing area coupled with a full-time doctor easily supports substantial future growth!
The current owner is essentially working part-time which leaves a great deal of potential for a new owner as a doctor working full time will see a potential increase in gross revenue right away. The seller will also consider financing the down payment for a well-qualified buyer.
The Undersigned understands that in connection with the possible acquisition of the veterinary practice, hereinafter referred to as the “Business” and specifically referred to by the LISTING CODE; PS Broker may furnish proprietary information which may include the financial condition and operational information of the Business.
Undersigned understands that PS Broker is the Seller’s Agent for all matters relating to the sale of any veterinary practice presented to Undersigned, and all contacts with PS Broker’s Exclusive Client, hereinafter referred to as “Seller”, shall only be negotiated through PS Broker.
Undersigned understands and agrees that the value of all veterinary practices depends on maintaining reliable employees and retaining clients who are loyal to the veterinarian and the practice. The Undersigned agrees that employees and clients could be lost if there is a premature announcement that the Seller intends to sell the Business; therefore, the release of such information before closing on the sale of the Business has a high probability of causing significant financial damage to the Seller and/or the Business.
Undersigned further understands and agrees that Seller and/or the Business would be damaged by disclosure of Seller’s or the Business’s financial information, client lists to competing veterinarians, or to other persons who may inadvertently or intentionally disclose such information to competitors.
In consideration for PS Broker providing confidential information relative to the Business to the Undersigned, the Undersigned agrees as follows:
1. Not to discuss any aspect of the Seller or Business disclosed by PS Broker with any other person, except immediate advisors, and prior to such permitted disclosures, each of my advisors agrees to maintain the same confidentiality. I accept full responsibility for the confidentiality of my advisors. In the event of a breach of this Non-Disclosure Agreement, I shall be responsible for any actual damages caused to a Seller or PS Broker, and such Seller may seek a legal injunction to prevent further disclosure.
2. Clients’ names and addresses, and detailed financial information of a Seller and Business are “trade secrets” as defined by the statutes of the state where the Business are located and cannot be disclosed for any purpose other than deciding whether to purchase the Business or not. Any disclosure of these trade secrets shall be actionable under the applicable statutes if not authorized in writing by the Seller or PS Broker.
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Type: ALL PRACTICES (For Sale)
Area: 670K Gross Revenue | Solo Doctor
Property ID: VA13