Part Time Vet Practice In Southwest Iowa
www.GlobalBX.com
Listing ID:
700254702
Listing Title:
Part Time Vet Practice In Southwest Iowa
Quick Link:
http://www.globalbx.com/listing.asp?bId=254702
Industry:
Health and Medical
Industry Segment:
Other Health and Medical
Country:
United States
State / Province:
Iowa
Area
City:
Montgomery County, Iowa
Asking Price Range:
< $250K
Gross Revenues:
$246,734
Cash Flow:
$55,304
Cash Flow Type:
EBITDA
Year Established:
1970
Number of Employees:
4 - 5
Business Description:
No down payment for a turnkey operation! The current DVM works only about 2 ½ days per week and is selling this fully staffed clinic in order to retire. Established in 1970 in Montgomery County, Iowa, this vet practice is fully furnished with all necessary furniture, fixtures, and equipment (value of $147,072) for day to day operations.
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 ½ 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
« Close this window »