Veterinary Clinic/Hospital

Hennepin County, MN

Seller Financing Available

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Asking Price:$1,250,000
Gross Revenue:$1,400,000
Cash Flow:$200,000
Real Estate:$1,250,000
BUSINESS DESCRIPTION

Looking for a great buyer who will continue to provide high quality animal care

We are very pleased to present this highly confidential listing of a veterinary clinic/hospital with a great reputation and over 25 years in business. The clinic has a very solid and long-standing reputation in the community and looking for a smooth transition to a Buyer who will carry on the success and high quality care to its customer base. Clinic is located in Hennepin County in a very nice community with significant surrounding population and demographics.

Seller is looking for an ADVM to come on board and grow revenues further and the sale transition will be strengthened by the trust, quality of care and vision of the new Buyer. We are looking for the right Buyer that can take the business to the next level and service existing customers.

A possibility for ownership would be to partner and be a minority owner up to 33% with a corporate buyer that would acquire the clinic with a new DVM on board that supports the acquisition structure in a joint venture. The new owner could also have stock in the larger corporate platform or acquire the clinic 100%.

This clinic would be an excellent add on clinic to existing clinics in another community that services a different market.


DETAILED INFORMATION
Location
Hennepin County, MN
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
5,500
Employees
12
Facilities
Very nicely remodeled clinic with 6 exam rooms, front entry reception/desk, surgery, x-ray and laboratory rooms. Property sits on 1 acre and could have additional space added as necessary. Great street presence and visibility with high traffic counts and ample parking on site.
Competition
Excellent position and reputation in the market with long time experience and name in the community. Expansion of hours will be an easy change to make for revenue growth and bottom line profitability. Seller can be creative as to partnering with the new buyer and/or joint venture with a corporate national group to take the customer care, technology, human resources and marketing to a new level. Key is to find the right Buyer
Growth & Expansion
Great opportunity for growth to build business to over $2 million by adding another ADVM to the staff. Current services are diversified and can be further supported as a niche in the market. Possible merger/roll up of similar clinic in area or operate as another satellite clinic.
Financing
Seller could finance some of the sale price via an earn out as well as the real estat
Support & Training
Current DVM will assist in transition for an agreed upon period of time and could be flexible to mentor/train new staff and doctors during earn out or post sale period. If an ADVM is looking to own their own practice today or in the future, this might be a good opportunity to pursue.
Reason for Selling
Owner is looking for transition to retirement but will support the sale/new buye
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Michael
N. Palm, Sr
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Michael N. Palm, Sr