Listing ID: 83524
Established Small Animal Veterinary Practice
Busy 1.5 doctor practice located in affluent Howard County, Maryland in the Baltimore/Washington metro area. The Doctors have a reputation for serving their patients with care and compassion. 2,000+ sf office features 2 exam rooms with surgical and treatment areas. Owners willing to work post-sale to train. Abaxis lab equipment, Intravet management software. Opportunity to increase revenue by adding more weekend hours.
- Asking Price: $985,000
- Cash Flow: N/A
- Gross Revenue: $1,033,804
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1998
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Details provided with signed non-disclosure.
Owners will to work post-sale to train new owner.
The business was started in 1998, making the business 24 years old.
The property is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell businesses. Nevertheless, the real reason vs the one they tell you may be 2 totally different things. For instance, they might claim "I have too many various obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might just be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in incomes, or a range of various other reasons. This is why it is really vital that you not count completely on a seller's word, but rather, use the seller's response along with your general due diligence. This will paint a more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that revenue margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new consumers? Many times, companies have repeat consumers, which develop the core of their day-to-day profits. Certain factors such as brand-new competitors sprouting up around the location, roadway construction, and employee turn over can affect repeat clients and also adversely influence future profits. One essential thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the higher the chance to build a returning client base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? How might the local average house income influence future earnings potential?