The Proposal
A veterinarian wants to raise $600,000 to purchase an existing practice in an affluent suburb of Fresno. Offering 6% on an interest only loan for 5 years. After 5 years, the borrower-veterinarian expects to refinance and repay the investors' principal. Or investors may opt to stay-in and earn interest on their prinicipal. The clinic itself is offered as collateral.
The Facility
This hospital is in a state of the art new building grossing nearly $1 M annually
and netting its current owner $10K a month. The current owner works alone.
The hospital is a 5000 sq ft with 5 exam rooms and can easily accommodate 2 or 3
doctors.
The Plan
Extend the hours to 6 days a week (8 am to 8 pm) then 7 days a week for Sunday emergency calls.Hire 2 associates, one full time, one part time. The current owner will stay on part time as needed.
Extensive PR to local schools (tours for kids, etc.), groomers, boarding facilities, dog trainers, pet stores, shelters.
By extending hours and adding doctors income to triple within the first year -
netting $400,000 in the first year of borrower.
To buy this building along with the practice would cost $2 M, and is not necessary.
The current owner has agreed to be a landlord for a year.
Will secure a loan to buy the building later.
Borrower's Profile
Graduated veterinary school Illinois 2001
Successfully ran 2 ER clinics and tripled their incomes within the first year of
owning them.
One of the clinics sold for more than its annual gross because the net was so
spectacular.
Past performance: took practice income from $89,000 a year to almost $700,000 within
2.5 years.
Invest with other veterinarians as a group or Proprietorship to loan the borrower-veterinarian the funds necessary to purchase this small animal practice in the affluent Fresno suburbs.
Invest from positions of strength, experience, and knowledge
into ventures you know very well.
- Invest and re-energize yourself with veterinary enterprises.
- Create an alternative entrance and exit strategy for buyers and hospital owners.
- Provide mentoring skills, work administratively, guide practice(s) to prosperity.
- After 5 years (arbitrary) your share of the Proprietorship can be sold - refinanced - leveraged (negotiated).
By joining or creating more than one Proprietorship, Proprietors may lower their risk through diversification.
For further details email fresno@vetrelief.com