||Employees||1 full, 2 part
* Included in Asking Price
Due to health concerns, this practice of 18 years is prepared for sale. The current DVM will work for the buyer for up to two years in the transition. With nearly $400,000 in sales the practice has 39.76% profit margins with cash flows at $118,806 in 2014. The staff is well-trained and functions efficiently to allow the doctor to see over 50 patients per week! Included in this business is an extensive equipment list worth over $114k, including new x-ray machine, dental machine, surgery lights, surgery table, Nomad machine, microscope and centrifuge, autoclave, sonic scaler and Surgi-vet. As a non-emergency clinic, the doctor and staff (1 vet tech, 1 assistant and 1 1099 groomer) enjoy scheduled office hours, making this practice perfect for a new owner to step into consistency. Sales trends are up 2% between 2014 and 2015, with cash flow increasing 32% in the same time frame.
An incoming buyer with a bank loan for 100% of the purchase price to be paid at 5% over 10 years would receive a net operating income (NOI) of $56,439 after business expenses and loan payments in the first year alone.
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.
Reason for Selling: Health Concerns
Personnel: 2 vet techs, 1 groomer (1099), 1 kennel assistant
Hours: M-Th 7am-6pm; F 9am-4pm; Sa 8am-Noon
Support to Buyer: Will work for new owner for up to two years (or as long as able)
Number of visits: Average of 50 animals seen per week
Current Owner's Responsibilities: Veterinarian
Intangible Assets: Complete build-out of two operatories, patient list, already-developed website and social media presence and training and support from existing owner
Multiple: 4.15 Multiples range from 1-5 with the average being 3
Equipment detail: $106,149 in equipment including X-Ray machine, IM3 Elite dental machine, surgery lights, surgery table, Nomad machine, microscope and centrifuge, autoclave, sonic scaler and Surgi-Vet
|Facilities:||Located directly in the middle of the city with easy Interstate access|
|Training/Support:||90 days; available as a contractor after transition period|
|Sale Reason:||Health Concerns|
Seller Reference #ANI002
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