2 DVM small animal practice that could easily support 1 to 2 more associates. Owner has worked at this practice for more than 40 years, and has slowed things down a bit. (Office hours end at 3pm). Originally established in 1934, the practice resides in an 8100 sq. ft. free standing building with 3 exam rooms. It includes a 2 bedroom plus kitchen attached to the clinic. Its unique style has been recognized by the City of Los Angeles as a Historic Cultural Monument. Emergencies are handled by referral to a near by emergency practice. Revenue has been growing steadily over the past 3 years, and 2021’s revenue is expected to exceed $1.8MM. The real estate is available for lease with an option to purchase it in 2 to 3 years after the practice sale. The expected cashflow available for debt service is over $460,000. With a practice price of $1,450,000 its anticipated the buyer’s after-debt compensation will exceed $250,000 per year.
Listing Number: SCG7