Veterinary Hospital HG544 – Central Kansas

This exclusive practice is located in central Kansas and is a mixed animal hospital serving both small animals and large animals, with about 75% of business derived from companion animals and the remainder from local beef cattle. It has been incorporated as a professional corporation (P.A) and offers a range of general practice services including diagnostic, therapeutic and surgical procedures as well as general herd processing and treatment along with consultation services for cattle producers. The practice also offers preventative medicine to companion animals including vaccinations as well as spaying and neutering services. Additionally other services offered include; boarding services, some grooming services, as well as a broad selection of retail products, food, and diets. The practice is very well respected in the community it has served for over 50 years, with the current owner operating the business for 34 of those years. The practice prides itself on forming a deeper relationship with its clients, much like a trusted family physician would. The success they have had in this relationship building is evidenced by the constant referrals and number of repeat business clients that they serve in the surrounding predominantly rural community. The practice operates with no debt and has updated its digital radiograph machine within the past five years. The business is also considering offering endoscopic services. This could represent a great opportunity for a new owner to expand the business and offer more diverse services as compared to the competition in the area. The owner is nearing retirement and is interested in selling the business within the next year and will stay on, in some capacity, to mentor a new owner and help transition the business. This veterinary practice has been located in a specifically designed 4,000 Sq Foot building on a 2 Acre piece of land near a busy highway for its entire existence. The real estate and facilities are owned by the owner separately and are leased back to the business. Ideally these assets would transfer with the business through a purchase, lease-to-purchase, or lease arrangement. The business has remained profitable throughout its entire history and is currently producing $430K+ in gross revenues (2013). Net income is estimated to be between 3% and 15% ($15K or 4% in 2013). Annual discretionary cash flow earnings to a new owner, i.e. adjusted EBITDA, is estimated to be more than $150K (before any new owners remuneration), sufficient to service some debt financing. The estimated value range of this practice from operations is between $175K and $325K (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, dentonz@ku.edu, or redtire@ku.edu.

 

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