Sale Pending - UNDER LOI - Southwest Los Angeles Area - Simmons Inc.

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.

For additional information on this listing, submit a Confidentiality Agreement. This Agreement will be submitted to Simmons Pacific and they will contact you.

Listing Number: SCG7