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We are seeking interest in an impressive practice that is for sale in Christchurch on behalf of our client.

The practice has a rich history and the current owner is seeking retirement after 37+ years in practice, it is proposed to be sold as a going concern and an appropriate transition period is available with the vendor.

The present owner has been working reduced hours and supplementing this by hiring more staff hours. A motivated purchaser may choose to absorb some of these hours themselves, or, enjoy a more passive income style.

The practice is well established and works mainly in family pets utilising a wide variety of services. Current open days are Monday to Friday and half day Saturday.

In terms of key numbers, annual accounts have been prepared and management numbers are available. The vendors appreciate any business true value is relevant as to what a willing purchaser and a willing seller can mutually agree,

The clinic enjoys a strong Owners Discretionary Cashflow and EBITDA. Plant and equipment has an independent valuation from approx. a year ago. This can be updated if desired.

A full information memorandum will be provided following signing a non-disclosure agreement and a basic validation process/discussion. We welcome any general inquiries also.

Contact Details

Enquiries should be directed in the first instance to:

Martz Witty

Shi Martz Chartered Accountants

P O Box 13-010

Armagh

CHRISTCHURCH 8141

(0800) 389-0777

martz@martz.co.nz

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