NM12 - New Lower Price! - Albuquerque Area

$575,000

For sale

Albuquerque, NM

Veterinary practice

4 exam rooms

3600 sq. ft.

$930,000 in annual collections

Listed by Simmons Pacific and Simmons Southwest

This your chance to own a mostly small animal practice in the Albuquerque area. The practice is 87.5% small animal. If desired, the seller can split off the large animal portion, reduce the price, and sell just the small animal practice and facility if a buyer doesn’t want the large animal portion. Purchased by the current owner in 1983 this practice has a well established history and is ready for its next owner. The 4 exam room, 3600 sq. ft. free standing facility is located on a spacious lot. Its currently closed on weekends. Opening up an additional day would expand revenue immediately, or if you choose keep the weekends to yourself and enjoy a five day work week. Revenue has increased nicely over the past three years averaging over 20% grow rate each year. 2021 revenue was just over $930,000, and its up in 2022 over the same period as 2021! After the loan payments on the practice and real estate the buyer can expect to earn over $190,000. Practice price: was $620,000, reduced now to $575,000. (Nothing wrong with the practice, it’s going gangbusters, the seller is just anxious to get the practice sold.)

See yourself owning this practice?

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