Caryn Vet Clinic is a 1.5 Vet sized, 100% Small Animal Practice located in Edgewater, an established northern suburb of Perth. It was established 17 years ago and was run as a small hobby business by a husband and wife. The current owner bought the practice 5 years ago and, with modern practices and procedures, has had fabulous growth in income and profit.
The practice has an excellent fit-out is well-equipped and is highly profitable. The last financial year’s income (2022) was over $867,000, and it is on track to exceed $950,000 in 2023. There is good scope to grow and there is also potential to develop Hobby farm work and affiliations with local kennels, given the area.
The practice could be run as a Satellite clinic, an owner-occupied clinic, or a managed clinic for an owner looking to add an additional practice. The owner is looking to sell the business and lease or sell the property.
The Practice is in Edgewater, 23km north of the Perth CBD, straight up the Mitchell Freeway. It is 2 mins from the satellite city of Joondalup. The area is located strategically between the Mitchell Freeway and Wanneroo Road and a stone’s throw from Edgewater train station. It is a few minute’s drive to some of the best beaches in WA and the up-and-coming world-class marina. It is complemented by the family favourite – Hillarys Marina. It is a beautiful and green suburb with a high rate of pet ownership and within easy access to Joondalup and Perth CBD thanks to a nearby train station and freeway. Great walks along the National Park and lake bordering the suburb.
Edgewater has all the ingredients for good growth as it is next to Joondalup CBD and the city’s business areas. With an expanding hospital, a world-class university, quality schools and colleges coupled with shopping centres and good eateries.
This is a very profitable, growing small animal practice with proven potential. It is in a good socio-economic area of Perth and would provide a secure future income with higher profits to the future owner. Great clients, that are happy to spend money on their Pets, make for a great working atmosphere and professional fulfilment.
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