This is your opportunity to have a strong feline practice in sunny Florida that is ready for growth. The practice is located a busy highway, with the beach a short drive away, in a strong retail location! The approximately 1,765 SF freestanding facility has a reasonable lease and excellent exposure. This is the perfect opportunity for a feline specialist who wants to enjoy the beaches and boating of both the Intracoastal Waterway and the Atlantic Coast. It also has strong growth potential for someone who wishes to add canine services and transition into a small animal practice. Many clients have expressed a strong interest in having a one-stop location for both their cats and their dogs.
The practice maintains a nice adjusted net cashflow ($148,695 in 2019) and has excellent growth potential with the addition of canine services. Grossing just under $416K in 2019, the practice is poised for an individual entrepreneur who wishes to own their own business and expand an existing feline practice into a small animal practice, if desired. The practice price is about 6 times EBITDA. A new owner can expect an after-debt income (ADI) of over $108K.
The practice facility is well-maintained with beautiful landscaping and nice signage. The reception area and waiting room has a well-organized and extensive retail area. A spacious, centrally located treatment and exam area includes the pharmacy, laboratory, and X-Ray equipment. Workflow is optimized in this large space and includes 13 luxury, ventilated townhouses. There is an additional exam room, equipped with X-Ray viewer, and the surgery suite is equipped with a Shoreline hydraulic surgery table. The doctors’ office has a large picture window providing a scenic view of the Indian River Lagoon, and this space is shared with employees as a relaxing break area. The long-term, well-trained staff members handle tech, reception, and kennel duties.
For more information about Florida’s Treasure Coast, visit: https://www.visitflorida.com/en-us/florida-beaches/exploring-the-treasure-coast-in-florida.html
Type: ALL PRACTICES Sold
Property ID: (NOT AVAILABLE)