This successful practice is situated in a booming town with rich history and a thriving economy. The area has experienced significant growth in recent years, attracting residents with its blend of small-town charm and modern amenities. The town is known for its picturesque downtown area, which features historic architecture, boutiques, and a variety of dining options.
The diverse economy has benefited from its strategic location as a suburb of Memphis. The proximity to major transportation hubs and the presence of various industries contribute to a robust job market. A well-educated workforce and a supportive business environment further bolster the town's economic stability. The town also has numerous parks, green spaces, and sports facilities, and its commitment to education is reflected in the top-rated schools.
The practice operates in a high-visibility location on a main thoroughfare. The leasehold space housing the practice consists of approximately 3,000 SF and offers three exam rooms.
This veterinary hospital is highly profitable with year-over-year growth as a solo practice. The practice generated nearly $1.2 million last year and is expected to wrap up this year with another jump in gross revenue. Given the spacious facility, number of exam rooms, and demand for services, there is an opportunity for a new owner to grow this practice significantly. The practice can easily accommodate additional doctors.
The current owner has been in practice for over 40 years and is ready to slow down and sell this thriving business. Their goal would be to continue working for the new owner in a part-time capacity, 25-30 hours per week, for a very negotiable transition period of up to 3 years.
Listing Code: TN5
(800) 636-4740
info@psbroker.com
https://go.psbroker.com/TN5
- Type of Practice: VETERINARY
- Practice Location: Shelby County, TN
- Status: Available
- Square Footage: 3,000
- Annual Revenue: $1,198,553.00