Summary: 
Caring for animals of all sizes for 40 years in South Central Nebraska
Business Type: 
medical
Location: 
Nebraska
Price: 
$590,000
Sales Revenue: 
$798,819
Cash Flow: 
$171,862
Realestate Included: 
No
Inventory: 
$29,822
Employees: 
4
Internal Listing:: 
ANI009
Reason for Sale: 
Retirement

Description
Caring for animals of all sizes for 40 years in South Central Nebraska, this established veterinary clinic, largest in town, offers in-clinic as well as on site services for both production and large animals, as well as companion and small animals. The practice does 50% Production and Large Animal Companion and 50% Small Animals. Striving to practice at a high level through evidence based medicine, the clinic provides quality care for pets, livestock and horses.

Total services offered include, preventative wellness exams, surgeries, grooming, herd heath programs, pregnancy diagnosis and advanced reproductive services. Included with the business is over $178,000 in lab and surgery equipment. Current staff consists of two DVM’s, 1 vet tech and an office manager. The practice space can be leased for $2,000 per month – equipped with over 3 acres.

Sales for 2014 were $798,819. Thus, Sales increased by more than 27% from 2012 to 2014 and profit margins are consistently above 21%. An incoming buyer with no money down would realize a 1st year net operating income of $66,297 after business expenses and loan payments.

Financial Overview
List Price: $590,000
Gross Sales
2014: $798,819
2013: $715,914
2012: $623,981
Owner Profit/Cash Flow
2015: $238,620 annualized
2014: $171,862
2013: $158,803
YOY Growth: Sales growth of 27% from 2012 to 2014
Profit Margin: Consistently above 21%
Multiple: 3.45 *Multiples range from 1-5, with the average being 3
Valuation: 2014 Cash Flow x Multiple = Price
$171,862 x 3.45= $592,923

Assets Included in Purchase: $208,702
Equipment: $178,880
Intangibles: Patient list (all digital), developed website presence and 40 year community history
Inventory: $29,822
Accounts Receivable: $24,423

*amounts may vary

Business Information
Year Established: 1975
Location and Service Area: Saline County, NE [Largest Practice in town]
Demographics: 50% Production and Large Animals Companion and 50% Small Animals
Lease: Lease for $2,000 per month – equipped with over 3 acres
Services Offered: Haul-in Practice, AI, Embryo Flushing, regular care for household pets
Reason for Selling: Retirement
Employees: 2 DVM, 1 Vet Tech, 1 Office Manager
Hours: M-F 7:30 a.m. – 5:30 p.m. Sat 8:00 a.m. - Noon
Seller Training Period: 90 Days
Current Owner’s Responsibilities: Veterinary Services and Management

Funding Example
Purchase Price: $590,000
0% Buyer Down Payment: $0
15% Seller Financing: $88,500
85% Bank Loan: $501,500

Net operating income in the first year after debt service equates to $66,297

Next Steps
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.

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