Veterinary Hospital C432 – North Central Kansas

This Animal Hospital is a mixed veterinary practice with a predominant focus on large animals and is located within driving distance of a major university and military community. It has been incorporated as a professional corporation (P.A.) and the owner veterinarian of this successful Animal Hospital has decided to retire after more than 43 years of service that he has given to his local community. Serving North Central Kansas since 1970, this practice has been providing complete animal care services to large and companion animals. Services offered include; advanced diagnostics, state-of-the-art surgery, preventive health care, sales of veterinary products. They also offer routine prevention of diseases and medical issues, including dentistry. Radiology and laboratory analysis are available for emergencies but are outsourced to local facilities. A new owner purchasing the business would ensure that five jobs in the area are saved. This consists of a veterinarian (the owner), an associate veterinarian and a veterinary support staff member all of which are full-time. The practice also supports 2 additional part-time support / assistants. The sale would include all of the assets, equipment, supplies and a well-established client list. The real-estate and facilities, on roughly 2 acres of land, are owned by the owner who would prefer that these assets transfer with the business through a purchase, a lease-to-purchase or a lease arrangement. Optionally there is also another 4 acres of land adjacent to the clinic available to new owners for growth / expansion purposes. The facility has recently seen a $20K refurbishment undertaken by the owner. There is opportunity for continued growth as revenue over the past 5 years has grown at a compound annual growth rate of 3.5%. The practice currently delivers $485K in gross revenues (2012). Net profit / income to the business is currently about $20K, representing a profit margin of 3% (below industry averages). Annual discretionary cash flow earnings to a new owner, i.e. adjusted EBITDA, will range from $80K - $120K, sufficient to service some debt financing. The estimated value range from operations of this practice is between $150K to $350K (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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