Veterinary Hospital I – Southeast Kansas

This veterinary hospital is a mixed animal practice (80% small animal / 20% primarily cow & calf) and has been providing its clients with the highest quality full service veterinary care available for almost 40 years. In 1975 the current owner and his wife took over the veterinary business located at this location which was originally started in 1950. The practice provides a broad spectrum of diagnostic and therapeutic services to companion / small animals. In addition, the business has safe and efficient handling facilities for large animals which include an indoor horse stock for easy accessibility to conduct equine exams. Specific services include; routine visits, wellness exams, vaccinations, laser therapy, fertility testing, blood chemistry analysis, soft-tissue and orthopedic surgeries, birth and caesarian surgery, routine dentistry, digital radiology services with x-ray and ultra-sound. This practice prides itself on the fact that they treat each client and each animal with respect and consequently have an excellent reputation in the area, as evidenced by the high percentage of repeat business and constant referrals that they receive in the area. Other services include boarding in climate controlled/ventilated Shor-Line kennels and a broad selection of retail products and therapeutic diets. The practice has a hydraulic tilt chute designed for routine cattle work as well as safely treating foot and lameness problems. There is also an OB chute designed for delivering calves and performing caesarean sections when needed. The facility’s diagnostic equipment includes digital imaging equipment / state of the art radiography system, ultrasound diagnostic system, Abaxis CBC and chemistry equipment, and digital dental x-ray. The practice also has a laser therapy machine, and offers a wide variety of services and products which allows for multiple opportunities to expand and grow. The practice employs a total of eight people; two full-time veterinarians, two full-time veterinary technicians and 4 assistants/support staff. The sale would include all of the assets, equipment, supplies and a well-established client list. The real estate and facilities are owned by the owner who would prefer that these assets transfer with the business. A recent building addition/remodeling project has produced brand new kennel wards, a dedicated space for dental services and imaging, as well as other improvements and staff amenities. The business has grown steadily over its history and over the past five years has grown at a compound annual growth rate (CAGR) of 2.4% consistently generating more than $850K in revenues and is currently producing $945K in gross revenues (2014). Net Profit margins to the business are between 7% and 10% (about $70K - $100K). Annual discretionary cash flow earnings to a new owner, i.e. adjusted EBITDA, is estimated to be more than $250K (before any new owners remuneration), sufficient to service any debt financing. The estimated value range of this practice is between $425K and $625K (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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