Listing ID: 66880
What is the one constant during these times, our pets, and dogs. We have probably come to understand even there habits more and how much they love us while working from home. Although this business was established in 2007, this past year has proven to be the hallmark year. This year proved the love for our pets. Sales were up as people were bringing the pets in like crazy to get them all cleaned up. As I mentioned the business was first started in 2007 and has outlasted the downturn recession of 2008 and now COVID, it is proven to be a winner. Currently there is only one person on staff, but the store has 5 additional stations that can accommodate more groomers. Once you sign an NDA, we will share the photos of this establishment and boy can you tell the care take. As you walk through the business you will see the reception area to the washing stations to grooming areas. It is all well laid out and ready for use tomorrow. Currently, the workload could support multiple groomers as it takes weeks to get an appointment and all the databases will be shared with anyone. The nice thing is if you want to continue as is we have a good rent, a great location and still profit in your pocket. This is a great business to research, and we would be more than happy to talk to you further about it.
- Asking Price: $165,000
- Cash Flow: $74,875
- Gross Revenue: $143,620
- EBITDA: $74,875
- FF&E: N/A
- Inventory: $9,000
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,400
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Lease expires at the end of November with an option to renew. 6 grooming stations available.
Business is close to freeway. It is centrally located near the Burlington Shopping Centers with easy access to all areas in Skagit County.
Able to accommodate additional groomers.
The venture was founded in 2007, making the business 15 years old.
The deal won't include inventory valued at $9,000*, which ins't included in the listing price.
The business has 1 employees and resides in a building with disclosed square footage of 1,400 sq ft.
The real estate is leased by the business for $1,800 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nonetheless, the real reason vs the one they say to you may be 2 totally different things. For instance, they might claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might just be justifications to try to hide the reality of altering demographics, increased competitors, recent reduction in earnings, or a variety of other reasons. This is why it is really crucial that you not count entirely on a seller's word, however instead, make use of the seller's solution together with your general due diligence. This will paint an extra reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that revenue margins are too small. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new consumers? Often times, companies have repeat customers, which create the core of their everyday earnings. Certain aspects such as new competitors sprouting up around the area, road building, and personnel turnover can influence repeat consumers as well as adversely impact future earnings. One important point 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? Clearly, the more people that see the business often, the greater the possibility to build a returning consumer base. A final thought is the general area demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Just how might the local average home earnings influence future earnings potential?