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    • 5 DVMs at Double Location Vet Practice

      5 DVMs at Double Location Vet Practice

      Business Type

      Services - Other Professional Services

      Area
      County State Nebraska
      Property Status Established Business Asking Price $1,390,000.00
      Down Payment Total Debt
      Gross Sales $2,458,487.00 Total Income
      Total Expenses Terms
      Listing Flyer
      Summary

      Specializing in cattle operations, this two-location large animal vet practice is up for sale. Owned and operated by 3 practicing DVM’s, the sellers are looking to slowly transition out of the operation over the next 3 years, and are looking for an absentee owner to take interest in the business now. All three owners split time between the two locations, and are helped by two non-owner DVM’s.  While the practice has operations in two different towns, the distance between both is just a 15-minute drive.

       

      With focus in the care of cattle, roughly 80% of services are focused on cow/calf and feed lot operations, including processing facilities. A large part of services involves dispensation of medication and antibiotics, and comprises 1/4 to 1/3 of income. The vets also assist with swine operations, equine facilities and small animal concerns.

       

      Six feed yard technicians, helping with the examination and treatment of animals, assist the vets. Each location has an office manager to handle daily operations and run the facilities, including A/R, A/P and payroll.  Facilities include corrals to hold animals dropped off for longer-term care.

       

      A growth opportunity exists in increasing small animal care, which currently only comprises about 8% of income. Even without that increase, a 10% down payment of $140,000 would yield a first-year profit of $156,497 after debts.


      Years in Business: 14+

      Location and Service Area: NortheasternNebraska

      Service Breakdown: 40%cow/calf, 40% processing, 8% small animal, 7% swine, 5% equine

      Services: Dispensarycomprises nearly 1/3 of income; very little emergency work performed, exceptfor assistance during calving season

      Clients:Feedyards, processing, small ranches/farms; top client has spent 500K over the last6 years (25,000 head operation)

      Lease:$5,000/month for 2 locations

      Reason for Selling: Plannedretirement strategy

      Employees: 3owner vets (all will stay on), 2 non-owner vets, 2 office managers (1 at eachlocation), 6 feed yard technicians to assist the vets

      Growth Opportunities: Additionalsmall animal care

      Current Owner’s Responsibilities: 3 DVM owners looking to retirewithin the next 3 years


      Equipment: $45,018– ultrasound and x-ray machines, chute, office machinery – each location hascorrals for cattle/equine drop offs

      Intangible Assets: Reputation,client list

      Build-out: $210,000for buildings and customizations

      A/R: $239,000 between bothlocations – 59% is current & under 30 days


      Purchase Price:                 $1,400,000

      10% Buyer Down Payment: $140,000

      15% Seller Financing:       $210,000

      75% Bank Loan:            $1,050,000

       

      A 10% down payment of $140,000would yield a first-year profit of $156,497 after debts.



       
      Print Listing
  • Lease / Asset Information
    • Rent $50,002.00 Rent Deposits
      Lease Ends
      Accounts Receivable Square Feet
      Inventory Inventory Included No
      Furniture, Fixtures, and Equipment (FF&E) FF&E Included No
      Other Assets 494,018 Assets Included Yes
  • General Business Info
    • Other Information
      Employees Part Time Employees
      Hours Open Days Open
      Year Established
      Training
      Selling Reason
      Property Features
  • Images
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About the Broker....

The Firm Business Brokerage

Cortney Sells
11550 West Dodge Road
Omaha, Nebraska 68154
Phone: 402.998.5288
Fax: 402.939.0857
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Contact Name Cortney Sells
Phone # 402.998.5288
 

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