Veterinary practice

$615,000 in annual collections

The hospital is a two doctor small animal exclusive practice. The current owner is looking to retire but would work a short time to assist the buyer with the transition.

2018 Revenue = $520,620

2019 Revenue = $539,816

2020 Revenue = $613,335

The practice has been serving the community for approximately 15 years. There is no boarding or grooming. The current average client transaction is $155.68, and the average doctor transaction is $174.64. The practice averages approximately 20 new clients per month and 50 new patients per month. The practice uses Impromed software.

The hospital is well equipped with full lab, anesthesia, hi-speed dental, x-ray, and much more.

The facilities are well maintained. There is ample parking for clients and staff. The hospital has two pass-through exam rooms and a third exam room/comfort room. There is a nice doctor’s office, staff break room, and treatment area.

The staff is well trained. There is an associate DVM, two certified veterinary technicians, and three veterinary assistants.

The practice is in northwestern Wisconsin near the Minneapolis/St. Paul metro area. Multiple local healthcare options exist as well as easy access to the facilities in the Minneapolis/St. Paul area. The local school system is rated as “exceeds expectations” and outperforms the state score in every category. There are various options for higher education including technical colleges and a university branch. Nearby Minneapolis/St. Paul provides access to larger city amenities like professional sports teams, art, and culture.

Emergency and veterinary referral centers are available approximately 20 minutes away.

The practice is offered at $350,000 and includes $19,000 of inventory and supplies.

The buyer should make an income of $130,000 the first year after paying for all practice expenses and the mortgage.

Financing is available to a qualified buyer from several lenders. Buyer needs no money down.

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