Summary: 
A 40 year reputation for quality companion animal care
Business Type: 
pets
Location: 
Nebraska
Price: 
$435,000
Sales Revenue: 
$461,640
Cash Flow: 
$158,287
Realestate Included: 
Yes
Inventory: 
$17,000
Employees: 
4
Internal Listing:: 
ANI005
Reason for Sale: 
Retirement planning

A 40+ year reputation for quality companion animal care serving a large community in Dodge County just 15 minutes outside of Omaha, NE. The clinic currently offers services to over 2,000 families and is the second largest veterinary clinic in the city. The business mix is 70% dog care and 30% cat care. Services currently offered include: preventative care, dental, medical, surgical and emergency care. The on staff vet tech has been with the business for over 20 years.
Discounted list price of $435,000 is an almost $80,000 savings off of the calculated Fair Market Value. A new owner would take home a net operating income of $87,894 after all expenses and debt service are satisfied.

Financial Overview
List Price: $435,000
Gross Sales
2013: $461,640
2012: 393,001
Owner Profit/Cash Flow
2013: $158,287
2012: $141,280
Profit Growth: 12%
Profit Margin: 34%
Multiple: 3.25 *Multiples range from 1-5, with the average being 3
Valuation: [2013] Cash Flow x Multiple = Price
$158,287 x 3.25 = $514,432
Discounted List Price: $435,000

Assets Included in Purchase: $155,390
Equipment: $138,390 (digital radiography, K-Laser, Indexx Lab, DVM manager, Isoflourane vaporizer, 2 stainless steel surgical tables, 6 surgical packs, microscope, shoreline kennels)
Inventory: $17,000 (pharmaceuticals and food)
*amounts may vary
Business Information
Year Established: 1970, current owner’s 1994
Location and Service Area: Dodge County Nebraska
Demographics: Community of 7,000 households
Lease: $2,000 per month
Reason for Selling: Retirement planning
Employees: 1 Vet Tech, 1 Office Manager, 1 Office Aid, 1 Secretary
Hours: 9:00 a.m. to 5:00 p.m.
Seller Training Period: 3 months, if needed
Growth Opportunities: Northwest Omaha expansion
Current Owner’s Responsibilities: Veterinary services

Funding Example
Purchase Price: $435,000
10% Buyer Down Payment: $43,500
15% Seller Financing: $65,250
75% Bank Loan: $326,250
Net operating income in year 1 of $87,894

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