Great Lakes: MN – Small Animal Practice in Northern Minneapolis Suburbs [ MN-4050 ]
Practice for sale in the northern suburbs of Minneapolis.
The hospital is a 1.25 FTE doctor small animal exclusive practice. The current owner is looking forward to new adventures but would work a short time to assist the buyer with the transition.
2018 Revenue = $630,226
2019 Revenue = $648,202
2020 Revenue = expected to be over $700K
The practice has been serving the community for more than 35 years. There is no boarding. Nail trims are the only grooming. The current average doctor invoice is $180. The practice averages 20 new clients per month.
The hospital is well equipped with digital x-ray, digital dental x-ray, full Idexx in-house lab, hi-speed dental and much more. There are six computer workstations and the practice uses Cornerstone software.
The practice area is located north of Minneapolis. Minneapolis is noted for its dramatic riverfront skyline, seven professional sports teams, as well as art and culture. It is also home to a much outdoor recreation due to its four seasons, local lakes, and the Mississippi River. The general Twin Cities area is home to many recognizable companies such as UnitedHealth Group, Target, Best Buy, and Cargill. The area has the second largest economy in the Midwest behind Chicago. The local community is noted for its trails and parks. It is also unique in its mixture of suburban development and undeveloped, farm and rural living. The schools are very good and there is easy access to two- and four-year colleges and universities.
The facilities are well maintained. There is ample parking for clients and staff. There are separate waiting areas for cats and dogs. The hospital has three exam rooms (two with tables, one without for large dogs), nice doctor’s office, two indoor runs, single surgery, an excellent treatment area, employee lounge and an outside walking area.
The staff is well trained. There are two certified veterinary technicians, one assistant and one part time technician.
Emergency and veterinary referral centers are available nearby.
The practice is offered at $565,000 and includes $25,000 of inventory and supplies.
The real estate may be purchased for $420,000.
The buyer should make an income of $148,000 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.