Listing ID: 75027
NEW LISTING ALERT! Beautiful 3,887 sq ft stand alone building, Veterinary Practice FOR SALE! 2 exam rooms, large reception/ waiting area, treatment area, large separate surgery suite and surgery prep area, boarding and separate grooming area, ISO room with separate entrance, as well as a private staff parking lot. This practice also has a large food storage area and separate laundry room. Great potential for expansion. Currently a 2 doctor practice. Contract with the local zoo to work on the Exotic animals. New Computer system/ Cornerstone. Low turnover rate. Great place to work. Owner willing to stay on and ensure a smooth transition.
- Asking Price: $375,000
- Cash Flow: N/A
- Gross Revenue: $563,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1990
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Large Reception/ Waiting Area, 2 exam rooms with room to add more if desired, large treatment area, separate surgery suite and surgery prep areas, large boarding area, separate grooming room, separate ISO area with own entrance, bathing room, food storage area, laundry room, large doctors office and private employee parking lot.
Current Owner will stay on to ensure a smooth transition.
Same Location for the past 30 years/ Only 4 veterinary clinics in town/ This practice being the original and most established.
Situated on a very busy highway/ Contract with local ZOO/ New Computer System - Cornerstone/ State of the art IH Lab- Idexx/ State of the art Dental Unit System/ Digital Xrays and Laser Therapy!
The business was started in 1990, making the business 32 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nevertheless, the genuine reason vs the one they tell you might be 2 totally different things. As an example, they may state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competitors, current decrease in incomes, or a range of various other reasons. This is why it is very crucial that you not depend absolutely on a vendor's word, yet instead, make use of the seller's answer together with your total due diligence. This will repaint a much more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover items such as supplies, payroll, accounts payable, etc. Remember that sometimes this can mean that earnings margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in new consumers? Often times, businesses have repeat customers, which create the core of their daily revenues. Certain elements such as brand-new competition growing up around the area, roadway construction, and staff turnover can impact repeat customers and also adversely impact future incomes. One crucial thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the greater the opportunity to develop a returning customer base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Exactly how might the local median house earnings impact future revenue potential?