Seller Financing Available
Gross Revenue: $307,793
Only 2 ½ Days per Week Vet Practice in Southwest Iowa
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. Business Information 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 Employees: 1 FT Vet, 1 FT Tech, plus additional PT Staff Hours: Clinic open 7 days a week Financial Overview List Price: $350,000 Gross Sales: 2015: $307,793 Owner Profit/Cash Flow: 2015: $196,361 Multiple: 2.8 *Multiples range from 1-5, with the average being 3 Valuation: Cash Flow x Multiple = Price $100,050 x 2.8 = $549,811 Assets Included in Purchase: $147,072 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 *amounts may vary Funding Example Purchase Price: $350,000 0% Buyer Down Payment: $0 10% Seller Financing: $35,000 90% Bank Loan: $315,000
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Lease: Only $1,200/month for 1,520 sq./ft. including 2 offices, 1 lab, and 1 operation room
Growth & Expansion: Growth Opportunities: Current DVM owner works on average 2 ½ days per week, expand to full time hours
Financing: 10% ($35,000)
Support & Training: Seller Training Period: Seller will train and transition for up to 6 months - if Buyer desires
Reason for Selling: Retirement
Report an issue with this listing
The information in this listing has been provided by the business seller or representative
stated above. BizBuySell has no stake in the sale of this business, has not independently
verified any of the information about the business, and assumes no responsibility
for its accuracy or completeness.
terms & conditions before responding to any ad.