Veterinary Animal Hospital (Inc.) W672 – West-Central Kansas

This full service animal clinic and hospital provides a broad spectrum of therapeutic services and preventative medicine to all animals. The practice is a mixed animal (50% large / 50% small) sole practitioner business that has been successfully managed by a husband and wife team for the past 19 years. Other services include outsourced diagnostic services, limited boarding on request as well as a professional grooming service for companion animals. In addition, the business has safe and efficient handling facilities for large animals which include a hydraulic tilt chute designed for routine cattle work. The hospital is well respected in the community it serves as evidenced by the constant referrals and number of repeat business clients that they serve in the surrounding region. Being the only practice in the county ensures that there is little competition for this practice in the rural community it serves. The business currently employs 5 people, 3 full-time and 2 part-time. The owner is nearing retirement and is interested in selling the business within 3 years and has agreed to stay on, in some capacity, to mentor a new owner. The sale would include all of the corporation's assets, equipment, supplies and a well-established client list. A veterinary practice has been located in the specifically designed building since 1958 and the current owners have been operating the business at this location since 1995. The real estate and facilities, which includes a 3,780 square foot purpose built Veterinary Hospital building and a 400 square foot calf ward, is housed on a 25,800 square foot (0.6 Acre) piece of land. 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 $368K in gross revenues (2013). Operating profit / net income is estimated to be between 7% and 13% ($46K or 12.5% in 2013). Annual discretionary cash flow earnings to a new owner, i.e. adjusted EBITDA, is estimated to be more than $140K (before new owners remuneration), sufficient to service some debt financing. The estimated value range of this practice from operations is between $200K and $280K (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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