This is an excellent opportunity for a new doctor (or doctors) to own 2 practices in a location that draws in clients from a large surrounding area, including Kentucky, with minimal competition. The practices are just 30 minutes from each other. Both practices have an excellent reputation and loyal following as the current owners a have done a fantastic job building the businesses. The couple who owns both practices is ready to retire but willing to continue working in a part time capacity (or more) for a negotiable length of time, to ensure a smooth transition to a new owner.
Both practices currently operate as solo, small animal practices. The practices have outstanding cash flow, individually and combined, and present a very attractive opportunity. The practices produced a combined gross income of just under $1.1M in 2019, and they are both seeing double-digit growth this year! A new owner can expect a combined after-debt income (ADI) of nearly $400K. These practices are poised for an individual entrepreneur who wishes to own multiple businesses and further grow well-established, profitable veterinary practices.
Both practices are well equipped and include real estate. The practice facilities are of 3,400 SF and 5,000 SF. These practices rest in Mingo County and Logan County, West Virginia. This southern region of West Virginia is full of beautiful landmarks and historical buildings, hiking trails and parks, shopping, and plenty of dining options! This area really is such a wonderful place to live and raise a family, especially during these uncertain times. For anyone looking to take a break from the crowded cities, this is a perfect place to start fresh in a beautiful area with a nice school district and a wonderful sense of community around you!
For more information on Mingo County, visit: http://www.mingocountywv.com/static/index.html
For more information on Logan County, visit: https://logancounty.wv.gov/Pages/default.aspx
If you are interested in buying one of these practices individually, please ask PS Broker.
Type: ALL PRACTICES For Sale
Price: Est. ADI $400K 8400 SF + Real Estate0
Area: Est. ADI $400K
Property ID: WV3;WV4