Great Lakes: MN – North Minneapolis Area [ MN-1050 ]

Minnesota Active

Practice for sale in the northern Minneapolis area.

The hospital is a two full time equivalent (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.

2016 Revenue = $897,737

2017 Revenue = $850,121

2018 Revenue = $823,301

The practice has been serving the community for more than 35 years. There is currently no boarding or grooming, though space exists in the building to add these services. The current average doctor invoice is $124.50.

The hospital is well equipped with Idexx chemistry analyzer and LaserCyte, digital dental x-ray, Dentalaire machine, Transworld 325v x-ray with Hope film processor, new LED microscope, and much more. A new computer system was implemented in 2017 running Impromed software.

The practice is located near the Minneapolis-Saint Paul metropolitan area – commonly known as the Twin Cities. The entire region has a population of 3.8 million and offers the modern skyscrapers of Minneapolis along with the quaint neighborhoods and late-Victorian architecture of St. Paul. There are numerous lakes in the region and there are extensive park systems for recreation. The metro area serves as headquarters for many recognizable companies including Target, Best Buy, 3M, General Mills, and more. The local school system of the practice’s community was ranked as having better public schools than 90% of the country and 95% of the rest of the state of Minnesota. The local community is strong and has good retail and healthcare options.

The facilities are well maintained. There is ample parking for clients and staff. The staff is well trained. The staff consists of a full-time receptionist, a part-time receptionist, three certified veterinary technicians (one full-time and two part-time), one full-time veterinary/office assistant and one full-time dedicated veterinary assistant.

Emergency and veterinary referral centers are available nearby.

The practice is offered at $550,000 and includes $40,000 of inventory and supplies.

The real estate may be purchased for $250,000.

The buyer should make an income of $100,000 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 800-380-6872, or kurt@tpsgsales.com.


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