Professional Veterinary Corporation (P.A.) AV005 - South-Central Kansas

This exclusive two doctor small animal practice is located in south-central Kansas and has been incorporated as a professional corporation (P.A.). It offers a broad range of medical, diagnostic, surgical services as well as preventative medicine for companion animals. These services are supported by a 9 station Cornerstone Practice Management System, Abaxis in-house VS/2 blood chemistry and HM5 hematology analyzer, radiography, fully equipped surgical and dental suite with two Sevo/Iso anesthetic units with patient monitors. The practice has a fully stocked pharmacy and offers a broad selection of retail products and therapeutic diets. Other services include boarding and grooming which are supported by 50 Shor-Line SS kennels, 24 climate controlled/ ventilated runs/kennels and a grooming suite with 2 electric lift grooming tables, SS walk-in tub and 4 cage dryers. The business currently employs 11 staff; 2 full-time veterinarians (including the owner), 1 veterinary technician and 8 administrative / supporting staff. The owner is nearing retirement and is interested in selling the business within 1½ to 2 years and will stay on, in some capacity, to mentor a new owner and help transition the business. The practice has been located in the specifically designed building since 1975 and the current owner has been operating the business at this location since 1986. The real estate and facilities are owned by the owner via a separate legal entity and leased back to the business, which includes an approximate 3,344 square foot veterinary building housed on an approximate 1 Acre piece of land. The building was completely remodeled 3 years ago and offers an inviting, pleasant atmosphere. Ideally these assets would transfer with the business through a purchase, lease-to-purchase or lease arrangement. The business has remained profitable throughout its history and is currently producing $742K in gross revenues (2013). Operating profit / net income is estimated to be between 13% and 15% ($99K or 13.5% in 2013), which is in line with industry averages). Annual discretionary cash flow earnings to new owner, i.e. adjusted EBITDA, is estimated to be more than $275K (before any new owners remuneration), sufficient to service any debt financing. The estimated value range of this practice from operations is between $500K and $680K (excluding cash, 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,, or


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