Northeast Kansas Veterinary Practice
Asking Price: | $850,000 |
Gross Revenue: | $1,268,004 |
Cash Flow: | $239,447 |
Established Year: | 1984 |
Established in 1984, marking over three decades of service to
the community. This Vet practice is located in Junction City,
Kansas with clients throughout Fort Riley and the surrounding
towns including Chapman, Milford, Wakefield, Manhattan,
and Abilene. The clinic’s services are divided into three main
categories:
• 60% Medical and Preventative Care: This includes
routine check-ups, vaccinations, and health
screenings aimed at maintaining pet health.
• 30% Surgery: Surgical services encompass a variety
of procedures necessary for treating injuries or
illnesses.
• 10% Emergency Services: Although a smaller
portion of their offerings, emergency services are
critical for urgent care situations.
The facility spans 1,600 square feet and is equipped with two
examination rooms. Additionally, there is a 200 square foot
detached consultation room specifically designated for
euthanasia services. The team of seven full-time staff
members includes one licensed veterinarian who oversees
medical operations, two veterinary technicians who assist
with various clinical tasks, three veterinary assistant who
supports both the vet and techs, and one intern who is
gaining practical experience in the field. The seller is an
active licensed veterinarian who dedicates approximately 40
hours per week to various responsibilities including
performing surgeries, assessing patient pets during
examinations, and providing general oversight of the team’s
operations. She is planning for retirement, which has
prompted the decision to sell the practice. To ensure a
smooth transition for new ownership, the seller is willing to
provide training for a period of 3-4 years in addition to a 10%
seller note in order to show her vested interest in the
continued success of the business post-close.
Priced at $850,000, a 10% down payment of $85,000 returns
$112,363 in the first year after debt payments! There are
several avenues for growth identified which include
highlighting emergency services, incorporating a pet wellness
package, and expanding on the current marketing strategy.