Listing ID: 67474
Incredible dog boutique store in charming and wealthy Old Town Alexandria. The business has been growing since inception in 2010.The high visibility location draws in hundreds of customers each week. **This business does NOT sell or rehome dogs** For more information call Northern Virginia’s Number One Business Seller – Doug Jackson at (703) 898-0888.
- Asking Price: $350,000
- Cash Flow: $165,000
- Gross Revenue: $700,000
- EBITDA: N/A
- FF&E: $35,000
- Inventory: $70,000
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Located on busy Old Town street with tremendous pedestrian by traffic.
Seller will provide days training to ensure a seamless transition
The pet supply business is going through the roof. With no online presence this business is missing out as it currently operates.
Due to the fantastic location, the business does little to no marketing or advertising. They do not sell online.
The venture was founded in 2010, making the business 12 years old.
The deal shall not include inventory valued at $70,000*, which ins't included in the suggested price.
The company has 5 employees and resides in a building with estimated square footage of 1,700 sq ft.
The building is leased by the business for $6,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. Nonetheless, the real reason vs the one they say to you may be 2 absolutely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is extremely crucial that you not rely completely on a vendor's word, however instead, make use of the seller's solution combined with your general due diligence. This will paint a much more practical image of the business's existing circumstance.
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 deal. Many companies borrow money in order to cover things like inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that revenue margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that have to be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new clients? Most times, companies have repeat consumers, which create the core of their daily revenues. Specific factors such as brand-new competitors sprouting up around the location, roadway building, and also staff turnover can influence repeat clients as well as adversely influence future earnings. One essential point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the better the chance to develop a returning client base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the local median household income impact future earnings prospects?