Great Lakes: MN – Small Animal Practice in St. Paul MN Metropolitan Area [ MN-7060 ]
Minnesota Just Listed
Practice for sale in St. Paul MN Metro Area
The hospital is a 1.5-2 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.
2018 Revenue = $1,082,624
2019 Revenue = $1,066,935
2020 Revenue = $1,046,526
The practice has been serving the community for more than 35 years. There is no boarding or grooming.
The hospital is well equipped with Idexx LaserCyte, Catalyst DX, Digital X-Ray Iso anesthesia, high-speed dental unit, and much more. There are 2 computer stations.
The practice area is located within the seven-county metropolitan area of Minneapolis and St. Paul. Medicine is a major industry in the region including research and medical device manufacturing. Technical innovators have also found a home in the area. Overall, the area has the second-largest economy in the Midwest behind Chicago.
St. Paul is the capital of Minnesota and it is known for its tradition, diversity, cultural vitality, and charming old neighborhoods. Downtown St. Paul continues to be developed and is a thriving place to work, live, learn, and spend leisure time.
A key element of St. Paul is the riverfront – St. Paul is the head of navigation of the Mississippi River. There are also numerous lakes in the region and there are extensive park systems for recreation. The lakes provide opportunities for summer activities but also ice fishing in the winter. Saint Paul is home to the Wild (NHL), United FC (MLS), and Whitecaps (WNHL). Nearby Minneapolis is home to the Timberwolves (NBA), Twins (MLB), Vikings (NFL), and Lynx (WNBA).
Saint Paul is second in the US in the number of higher education institutions per capita, behind Boston. There are three public and eight private colleges and universities and five post-secondary institutions including Saint Catherine University, Concordia University, Hamline University, and Macalester College.
The facilities are well maintained. There is ample parking for clients and staff. The hospital is 950 sf and has 2 exam rooms and a treatment area. There is an unoccupied apartment on the second floor above the clinic.
The staff is well trained. There are two associate DVMs, a certified veterinary technician who also acts as the practice manager, an office manager, and a veterinary technician. The non-DVM staff have been with the practice for more than 15 years.
Emergency and veterinary referral centers are available nearby.
The practice is offered at $650,000 and includes $58,000 of inventory and supplies.
The real estate may be purchased for $250,000.
The buyer should make an income of $180,000 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 email@example.com.