4 Location Vet Practice in Michigan
This four-location veterinary practice in Michigan is fully staffed at each location with their own DVM’s. The owner does travel between locations, but his primary practice is the one referenced as “Location 4” on this document and the Cash Flow Analysis. They do provide full veterinary services, along with grooming and boarding at all locations. Location 4 does have obedience training as well.
Each practice is showing consistent year over year growth. There was a small decline on Location 1 in 2016 due to a full-time DVM leaving the practice. They have since replaced this position and are bringing sales back up to pace.
The physical locations are all stand-alone buildings. The current owner does own the buildings and would be willing to either rent each to a new owner or sell them under a separate transaction. There is a combined 14,400 square feet between the four buildings, which allows for plenty of space for growth under new ownership!
Offer Price: $
% Buyer Cash Down at Closing: $
% Seller Carry Back via Promissory Note: $
year term at a rate of %
% of Purchase Price secured by Buyer and Seller
Total Bank Loan Need: $
% of Purchase Price
Desired Loan Type:
Desired Bank Terms: year term at a rate of %
Total Business Assets, Inventory, and A/R: $
Total Undercollateralized Loan: $
|Monthly Payment to Bank:||$|
|Yearly Payment to Bank:||$|
|Monthly Payment to Seller:||$|
|Yearly Payment to Seller:||$|
|Total Monthly Debt Service:||$|
|Total Yearly Debt Service:||$|
Fixed Charge Coverage Ratio
The bank will require a minimum ratio of 1.5 to be lendable.
2018 Cash Flow
|Annual Debt Service:||$|
Buyer's Net Operating Income (NOI)
The amount of money the Buyer will retain as profit.
2018 Cash Flow
|Annual Debt Service:||-$|
Buyer's Return on Investment (ROI)
The rate of return on the Buyer's down payment.
|Document Title / Description|
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