Great Lakes: MI – Small Animal Practice in the Upper Peninsula, near Escanaba [ MI-5030 ]
Practice for sale in the Upper Peninsula of Michigan, near Escanaba
The hospital is a 1.5 FTE doctor small animal exclusive practice. The current owner is looking to retire but would work a short time to assist the buyer with the transition.
2017 Revenue = $718,170
2018 Revenue = $877,570
2019 Revenue = $951,406
The practice has served the community for more than 50 years and has been under current ownership for more than 20 years. There is no boarding or grooming. The current average doctor invoice is $141.48.
The hospital is well equipped with a new autoclave, two Vetscan machines, digital x-ray, iso anesthesia, centrifuge, and much more.
The practice is in the Upper Peninsula of Michigan. Its location Lake Michigan and its Bays provides an abundance of recreational opportunities including beach activities, fishing, boating, and kayaking. The area also has downhill and cross-country skiing, hiking, biking, etc. Nearby are two forest areas – Gwinn State Forest Area and Hiawatha National Forest. The local school system is good and performs above the state average in key measures of college and career readiness. There is a local two-year community college and two universities within an hour’s drive. Healthcare is available locally from OSF Healthcare and the UP Health System. There are local and national chain shopping and dining options as well.
The facilities are well maintained. There is ample parking for clients and staff. The hospital is 1,600 sf. The hospital has 2 pass-through exam rooms and a fenced outdoor area. The practice also has a new air conditioning unit and newer outdoor lighting and signage.
The staff is well trained. There are five technicians/assistants, an assistant who also acts as a bookkeeper, and an office manager that performs many of the administrative duties for the current owner.
The practice is offered at $995,000 and includes $39,000 of inventory and supplies.
The real estate may be purchased for $105,000.
The buyer should make an income of over $200,000 the first year after paying for all practice expenses and the mortgage.
Financing is available to a qualified buyer from several lenders. Buyer needs no money down.
A confidential agreement is needed for more information.
Contact Dr. Kurt Liljeberg of Total Practice Solutions Group at 440-933-4522, or firstname.lastname@example.org.