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Montgomery County, IA Businesses For Sale

1 Montgomery County, IA Businesses For Sale Found.

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Only 2 ½ Days per Week Vet Practice in Southwest Iowa
$350,000 Cash Flow: $196,361 Seller Financing
Only 2 ½ Days per Week Vet Practice in Southwest Iowa

Montgomery County, IA

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