Veterinary Animal Clinic (PA) L53 – Eastern Kansas

This Animal Clinic is located in suburban Eastern Kansas and has been incorporated as a professional corporation (P.A.). In 1980 the current owner bought the veterinary business and in 1997 a new building was constructed for the clinic at its current location. The clinic is well respected in the community it serves as evidenced by the constant referrals and number of repeat business clients they serve. The practice strives to provide their clients with a broad spectrum of diagnostic, therapeutic, medical and surgical services to companion / small animals but they also do large animal work. The practice uses state of the art technology to provide medical diagnostics; they offer annual wellness exams and vaccinations; a range of routine and elective orthopedic surgeries for small animals; and dental procedures to clients' companion animals. They also offer boarding for both dogs and cats of all sizes and grooming services by appointment only. They are a member of the 'Ident-a-Pet' program, which enables them to scan lost pets and are a distributor of science diet dog and cat food. The clinic also has a limited array of over-the-counter pet supplies for purchase. The practice employs a total of eight (8) people on both full-time and part-time basis. Besides the veterinarian owner another full-time associate veterinarian operates in the clinic as well as three (3) veterinary technicians and three (3) assistants/support staff, including a part-time groomer. The sale would include all of the assets, equipment, supplies and a well-established client list. The real estate and facilities, housed on 3+ acres of land, are owned by the owner via a separate legal entity which is then leased back to the clinic. Ideally these assets would transfer with the business through a purchase, lease-to-purchase or lease arrangement. The business has grown steadily over its history and over the past three years has generated more than $550K in revenues and is currently producing ±$575K in gross revenues (2012). Operating profit is estimated to be above 8% and net profit margins to the business are ~ 5% ($25K - $30K+). Annual discretionary cash flow earnings to a new owner, i.e. adjusted EBITDA, will range from $120K - $150K, sufficient to service any debt financing. The estimated value range of this practice from operations is between $260K and $425K (excluding receivables, inventory, liabilities and facilities).

* Adjusted EBITDA = EBIT plus Depreciation and Adjustments (excluding Owners compensation)

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If you are interested in any of these offers or would like more information about the program or process, please contact Denton Zeeman at 785-864-8863, dentonz@ku.edu, or redtire@ku.edu.

 

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