Vet Practice – Fire Sale Due to Health

Not Disclosed, IA
Plymouth County


Asking Price: Annual Revenue:
$198,000 $428,408

Services: Pet Care & Grooming


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RE: Vet Practice – Fire Sale Due to Health Broker: Cortney Sells

Quick Facts

Asking Price: $198,000
Annual Revenue: $428,408
Net Profit: Not Disclosed
Cash Flow: $116,701
Total Debt: Not Disclosed
FF&E: $131,000
Real Estate: Not Disclosed
Year Established: 1961
Employees: 3
BBN Listing #: 855334398
Broker Reference #: ANI012

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Business Overview:

This fire sale small animal vet practice in NW Iowa has been serving the community for over 50 years! With a multiple of 1.7, assets included in the purchase total $131,000. The office is leased at only $1,500/ a month with very low overhead. Specializing in cats and dogs, nearby horses and some small farm animals also come to this owner/operator clinic. The owner is selling due to failing health and would be willing to offer compelling negotiations to the right buyer.

A new owner would receive $84,000 in general DVM equipment, the majority of it purchased within the last 3 years. Nearly $15,000 in wholesale inventory will transition to a buyer, as well as around $14,000 in A/R, with 70% of it collectible.

Growth exists in adding grooming services for the current clients, as well as some boarding. The current owner previously worked with large farm animals, but due to health issues has discontinued that practice in recent years. This would be a great area for growth, as the practice is situated in farm country. This business would be perfect for a larger company looking to expand territory or a young vet looking to a grow a great business!

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Property Features and Assets:

Equipment: $116,000 – autoclave, blood analyzer scanner, digital navigator, therapeutic laser, anesthesia machinery, x-ray Inventory: $15,000 in wholesale value Intangible Assets: Name recognition, website, trusted community member *amounts may vary

Market Competition and Expansion:

Growth Opportunities: Add grooming and more vets; current owner has not worked with large animals in recent years, but a new owner could add this service back Services: Check-ups and urgent care for dogs, cats, horse and some small farm animals

Reason for Selling:

Retirement and health.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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