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.
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
List Price: $350,000
Owner Profit/Cash Flow:
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
Purchase Price: $350,000
0% Buyer Down Payment: $0
10% Seller Financing: $35,000
90% Bank Loan: $315,000