Listing ID: 64318
Thriving pet store and grooming center that has been in existence over 15 years. The business uses 4 very well trained employees and operates 6 days a week. They price match and offer a same day local delivery. Due to the staff and a very stable groomer they are looking for a large growth in 2022. The current owner spends less than 14 hours a week in the store. Perfect opportunity for a new owner to enjoy the hard work of the founder.
- Asking Price: $175,000
- Cash Flow: $25,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $50,000
- Inventory Included: N/A
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
This thriving pet store and grooming business is located near restaurants, groceries, and shopping on a north south thoroughfare. The traffic count is around 45,000 vehicles a day. This business has a hands off owner that works less than 14 hours a week in the store.
The owner is willing to stay on for a period of 30 days to ensure a smooth transition. Owner is open to a longer term via a consulting agreement.
This business offers same day delivery and a price guarantee to ensure they are controlling the market.
The business is poised to expand rapidly in 2022. There is plenty of inventory and a very stable groomer to help grow the book of clients.
The business was started in 2006, making the business 16 years old.
The deal doesn't include inventory valued at $50,000*, which ins't included in the suggested price.
The business has 4 employees and resides in a building with disclosed square footage of N/A sq ft.
The building is leased by the company for $4,752.90 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. However, the true factor vs the one they say to you might be 2 totally different things. As an example, they may say "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or a variety of other reasons. This is why it is really essential that you not rely absolutely on a vendor's word, but instead, use the vendor's response along with your general due diligence. This will paint a more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans in order to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that profit margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be satisfied or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new clients? Often times, operating businesses have repeat customers, which form the core of their everyday earnings. Specific variables such as brand-new competition sprouting up around the location, roadway building, and personnel turn over can impact repeat customers and also adversely impact future profits. One important thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the possibility to construct a returning customer base. A last thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? How might the local mean family earnings influence future earnings prospects?