Listing ID: 78678
Well established Veterinary Practice in the 5 College Town Area of Western, Massachusetts. This 2 Doctor practice has modern equipment which includes digital X-Ray and is located on a busy rural highway. The owner/owners are willing to help with a transition and or stay on after the sale on a part time basis.
- Asking Price: $710,000
- Cash Flow: N/A
- Gross Revenue: $834,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1996
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
The owners are willing to assist a new buyer in this transition.
This veterinary practice has not been open on the weekends. The addition of Saturday hours would likly produce a lot of growth for this practice.
The business was founded in 1996, making the business 26 years old.
The company has 7 employees and is situated in a building with approx. square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell businesses. Nonetheless, the genuine reason and the one they say to you may be 2 completely different things. For instance, they may claim "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competitors, recent reduction in profits, or a range of other reasons. This is why it is extremely vital that you not rely entirely on a vendor's word, but instead, use the seller's solution along with your general due diligence. This will repaint a more sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many companies take out loans in order to cover things like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that profit margins are too thin. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new customers? Many times, businesses have repeat customers, which develop the core of their day-to-day earnings. Particular factors such as brand-new competitors growing up around the area, road construction, and employee turn over can affect repeat clients and negatively influence future incomes. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business regularly, the better the opportunity to build a returning consumer base. A last thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Just how might the local median family earnings effect future revenue prospects?