Only 2 ½ Days per Week Vet Practice in Southwest Iowa

Montgomery County, IA

Seller Financing Available
Only 2 ½ Days per Week Vet Practice in Southwest Iowa

Asking Price:$350,000

Cash Flow:$196,361

Gross Revenue:$307,793

EBITDA:N/A

FF&E:$147,072

Inventory:N/A

Established:1970

Only 2 ½ Days per Week Vet Practice in Southwest Iowa

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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.

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

Attached Documents


Detailed Information

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

Listing Statistics for Premium Members

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Cortney Sells

Business Listed By:
Cortney Sells

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