Business For Sale

Iowa Owner/Operator Vet Practice - Priced to Sell

Not Disclosed, IA
Plymouth County


Asking Price: Annual Revenue:
$249,000 $386,278

Services: Pet Care & Grooming


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RE: Iowa Owner/Operator Vet Practice - Priced to Sell Broker: Cortney Sells

Quick Facts

Asking Price: $249,000
Annual Revenue: $386,278
Net Profit: Not Disclosed
Cash Flow: $68,257
Total Debt: Not Disclosed
FF&E: $117,001
Real Estate: Not Disclosed
Year Established: 1961
Employees: 3
BBN Listing #: 855334398
Broker Reference #: ANI012

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Business Overview:

Perfect for a young vet looking to a grow a great business - this small animal vet practice in NW Iowa has been serving the community for over 55 years. With low overheard, the office is leased at only $1500/ a month. 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 a discount due to lack of 2017 sales and cash flow.

Included in the purchase of the clinic is roughly $132,000 in assets. 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.

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Property Features and Assets:

Assets Included in Purchase: $132,000 Equipment: $117,000 – autoclave, blood analyzer scanner, digital navigator, therapeutic laser, anesthesia machinery, x-ray Intangible Assets: Name recognition, website Inventory: $15,000 in wholesale value A/R: $14,000 – 70% collectible *amounts may vary Lease: $1,500/month

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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