Summary: 
No down payment for a turnkey operation!
Business Type: 
pets
Location: 
Iowa
Price: 
$216,000
Sales Revenue: 
$246,734
Cash Flow: 
$55,304
Realestate Included: 
No
Employees: 
3
Internal Listing:: 
ANI007
Reason for Sale: 
Retirement

No down payment for a turnkey operation! The current DVM works only about 2 ½ days per week and is selling this fully staffed clinic in order to retire. Established in 1970 in Montgomery County, Iowa, this vet practice is fully furnished with all necessary furniture, fixtures, and equipment (value of $147,072) for day to day operations.
Occupying a 1,502 square foot facility, with 2 offices, 1 lab, and 1 operation room – a Buyer would only pay $1,200/month in rent. The facility is staffed with 1 FT Vet, 1 FT Tech, plus additional PT Staff. Seller will train and transition for up to 6 months post-close if Buyer desires.
A Buyer would not need funds down in order to purchase the business.

Financial Overview
List Price: $216,000
Gross Sales:
2015: $246,734
Owner Profit/Cash Flow:
2015: $55,304
Multiple: 3.9 *Multiples range from 1-5, with the average being 3
Valuation: Cash Flow x Multiple = Price
$55,304 x 3.9 = $216,000

Assets Included in Purchase: $147,072
Equipment: $147,072 – fully furnished vet practice with all equipment needed for day to day operations of the business – this is included in the purchase price
*amounts may vary
Business Information
Year Established: 1970
Location and Service Area: Montgomery County, Iowa
Lease: Only $1,200/month for 1,520 sq./ft. including 2 offices, 1 lab, and 1 operation room
Reason for Selling: Retirement
Employees: 1 FT Vet, 1 FT Tech, plus additional PT Staff
Hours: Clinic open 7 days a week
Growth Opportunities: Current DVM owner works on average 2 ½ days per week, expand to full time hours
Seller Training Period: Seller will train and transition for up to 6 months - if Buyer desires

Funding Example
Purchase Price: $216,000
0% Buyer Down Payment: $0
10% Seller Financing: $21,600
90% Bank Loan: $194,400

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