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Small Animal Veterinary Practice for Sale - St. Clair County, IL
This small animal veterinary practice is located in the East portion of the Greater Metro St. LouisArea in the populous St. Clair County. This town is surrounded by a robust economy that
continues to grow and contribute to a strong market demand for consumer services.
Currently, the total addressable market of this area for veterinary services is above $30 million with an
estimated $5 million potential in residual revenue available within a 12 mile radius.
The practice has a 4.8 star Google rating and is located on the main strip of the town, resulting
in a high daily traffic count with great visibility. The neighboring shopping center and plethora of
local neighborhoods serve as a great foundation for continued growth. The real estate consists
of nearly 1,600 square feet residing on 1.15 acres of land and possesses expansion
opportunities.
As a one doctor practice with room for two FTE, this veterinary clinic is highly profitable,
sustaining an 18%+ adjusted EBITDA and $1.2+ million in gross revenue over the past four
years. This excellent production is a direct result of the highly skilled team and operational
efficiencies in place at this practice. With an average tenureship of over 10 years, the family-like
culture that exists has played a large role in the legacy and continued success of the business.
After more than 30 years of providing superior service to thousands of clients and patients, the
owner is ready to sell this amazing facility with real estate included. Other notable features of
the sale include: all operating assets, existing equipment, inventory, and client records.
This is a fantastic opportunity for a growth-oriented owner or veterinarian with an interest in
ownership to acquire an established business! The current owner may be willing to continue
working part-time if the employment terms are agreeable.
Link to NDA Form: https://wkf.ms/3UdGeUe
propartnersteam.com
wes@ppwteam.com
04/19/2024
FOR SALE: Small Animal Veterinary Hospital in Lake County, Illinois (#IL7)
The veterinary practice is situated about 1 hour from Downtown Chicago. This north suburb of Chicago has a robust economy that contributes significantly to the region’s overall prosperity. Various sectors anchor the local economy, including retail, hospitality, healthcare, and manufacturing. The combination of a diverse economy, healthcare services, and vibrant recreational offerings makes the community a desirable location for all.The practice has a 4.5-star Google rating and operates in a high-visibility location inside a neighborhood shopping center at a signalized intersection. The leasehold space consists of approximately 3,000 SF and offers three exam rooms. Expansion is also possible if a new owner is interested.
With the equivalent of two doctors, this veterinary hospital is highly profitable with year-over-year growth. The practice generated over $1.73 million in 2022 and is expected to wrap up 2023 with further revenue growth. With its loyal clientele, high reviews, and incredible reputation, this is a perfect time to take over a practice with a consistent upward financial trajectory.
Given the spacious facility and potential for expansion, number of exam rooms, and the demand for services, there is an opportunity for a new owner to grow this practice significantly. The practice could easily accommodate an additional full-time doctor as well!
After many years of success, the owners are ready to sell this thriving veterinary practice. The selling doctors are willing to continue working for up to 2 more years post-sale. The part-time associate may also be willing to continue working for the new owner if employment terms are agreeable.
(Listing Code: IL7)
NDA Link: https://go.psbroker.com/IL7
Contact: PS BROKER | info@psbroker.com | 800.636.4740
04/08/2024