Great Lakes: MN – Small Animal Practice in Central Minnesota [ MN-4000 ]

Practice for sale in central Minnesota.
The hospital is a one 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.
2020 Revenue = $664,557
2021 Revenue = $762,077
2022 Revenue = $801,780
The practice has been serving the community for more than 15 years. There is no boarding or grooming. The practice averages 27 new clients per month.
The hospital is well equipped with Abaxis VetScan laboratory, Fujima/Prima digital radiology, PowerSpin DX centrifuge, cryoprobe, HM5, Vet-Dop 2 doppler blood pressure system, and much more. There are 3 computer stations.
The practice is located along Interstate 94 between Minneapolis MN and Fargo ND. The area is family-friendly with many activities for families. There are numerous lakes with activities such as swimming, boating, water skiing, jet skiing, and fishing. The area also provides access to parks, trail, biking, camping, hunting, and horseback riding. There is a historic downtown area with local shopping and restaurants as well as several big box/chain stores nearby. The school district is in the top 25% of Minnesota districts and performs better than the state average for graduation rate. The area is served by a >100 bed hospital that has a Level III trauma center. The hospital also operates five local clinics that provide various health services.
The facilities are well maintained. There is ample parking for clients and staff. The hospital has two exam rooms, nice doctor’s office, five indoor runs and a treatment area.
The staff is well trained. There is one certified veterinary technician and an office manager that performs many of the administrative duties for the current owner.
Emergency and veterinary referral centers are available.
The practice is offered at $500,000 and includes $45,000 of inventory and supplies.
The buyer should make an income of $225,000 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.