Business Overview

This is no ordinary Pet Supply Business. Check out the Yelp reviews!!!!! Excellent Eastside location for the profitable and well established (over 25 years) Pet food and supply business. This store takes pride in offering only the best in high quality food and products. They also offer educational and fun events!

Financial

  • Asking Price: $120,000
  • Cash Flow: N/A
  • Gross Revenue: $407,715
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2000

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,600
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Located in a great Eastside Location with a favorable lease.

Is Support & Training Included:

seller will provide training

Pros and Cons:

no competition in the immediate area

Additional Info

The company was founded in 2000, making the business 22 years old.

The business has 1 PT employees and is situated in a building with approx. square footage of 1,600 sq ft.
The building is leased by the company for $2,770 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell businesses. However, the genuine factor vs the one they tell you may be 2 completely different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competition, current reduction in profits, or a range of other factors. This is why it is extremely essential that you not depend entirely on a vendor's word, but instead, utilize the vendor's response in conjunction with your overall due diligence. This will paint an extra realistic image of the business's current scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover items such as supplies, payroll, accounts payable, etc. Remember that in some cases this can suggest that revenue margins are too small. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in brand-new consumers? Most times, businesses have repeat customers, which form the core of their everyday revenues. Certain aspects such as new competitors growing up around the location, roadway construction, as well as staff turn over can influence repeat customers and also adversely influence future revenues. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the greater the chance to develop a returning consumer base. A final thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Exactly how might the local average house income influence future earnings prospects?