Business For Sale

Small Animal Vet Practice in NW Iowa

Not Disclosed, IA
Plymouth County


Asking Price: Annual Revenue:
$280,000 $386,278

Services: Pet Care & Grooming


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RE: Small Animal Vet Practice in NW Iowa Broker: Cortney Sells

Quick Facts

Asking Price: $280,000
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:

This small animal vet practice in NW Iowa has been serving the community for over 55 years. Specializing in cats and dogs, nearby horses and some small farm animals also come to this owner/operator clinic. Assisting the doctor are two vet techs and an office assistant, as well as a few resident felines.

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.

Gross Sales
2017: $386,278
2016: $451,893
2015: $393,689
Owner Profit/Cash Flow
2017: $68,257
2016: $143,148
2015: $114,031
Profit Margin: 18%

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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.

Documents:

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