Part Time Vet Practice In Southwest Iowa

Occupying a 1,502 square foot facility, with 2 offices, 1 lab, and 1 operation room a Buyer would only pay $1,200/month in rent. The facility is staffed with 1 FT Vet, 1 FT Tech, plus additional PT Staff. Seller will train and transition for up to 6 months post-close if Buyer desires.
A Buyer would not need funds down in order to purchase the business.
List Price: $216,000
Gross Sales:
2015: $246,734
Owner Profit/Cash Flow:
2015: $55,304
Multiple: 3.9 *Multiples range from 1-5, with the average being 3
Valuation: Cash Flow x Multiple = Price
$55,304 x 3.9 = $216,000
Equipment: $147,072 fully furnished vet practice with all equipment needed for day to day operations of the business this is included in the purchase price
Year Established: 1970
Location and Service Area: Montgomery County, Iowa
Lease: Only $1,200/month for 1,520 sq./ft. including 2 offices, 1 lab, and 1 operation room
Reason for Selling: Retirement
Employees: 1 FT Vet, 1 FT Tech, plus additional PT Staff
Hours: Clinic open 7 days a week
Growth Opportunities: Current DVM owner works on average 2 days per week, expand to full time hours
Seller Training Period: Seller will train and transition for up to 6 months – if Buyer desires
Purchase Price: $216,000
0% Buyer Down Payment: $0
10% Seller Financing: $21,600
90% Bank Loan: $194,400

Financials


Asking Price Range:  

Gross Revenues:  

$246,734

Cash Flow:  

$55,304

Cash Flow Type:  EBITDA

Inventory:  $147,072

Seller Financing:  Yes

About The Business


Year Established:  1970

Number of Employees:  4 – 5

Relocatable:  No

Franchise:  No

Current Real Estate:  Leased

Property:  Property For Lease

About The Sale


Management Training and Support:  up to 6 months
Reason For Selling:  Retirement

Photos

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Part Time Vet Practice In Southwest Iowa Photo 1








Print Listing Id: 700254702