Business Overview

This is an amazing opportunity to get into the Rewarding Pet Services Business. This is an established business that is VERY Well Known and HIGHLY Respected throughout the Community, which includes 8 Townships. It has 880 active customers with 986 pets. It has been Voted 4 years in a row as “Best Groomer in the City”. Their Grooming Services can include having their nails trimmed and or filed, Teeth Brushing, De-Shedding Baths, Specialty Hair Cuts of All Different Styles

They have gained major recognition by grooming many AWARD WINNING SHOW DOGS. The staff is experienced and has a true love and passion for dogs. They treat every pet as if it were our own and treat every pet owner as a friend.

They provide only the BEST Grooming, Day Care, & Boarding. Services Their Day Care and Boarding Service can accommodate 45 Dogs. The Boarding is growing rapidly and rivaling grooming sales.

Customers LOVE this one stop dog service. They believe and have proven that there is a better way to provide total care for animals through personal interaction and care.

*WOW* YOU MUST SEE THIS!! It IS THE PLACE YOU HAVE TO LOVE AND WANT!!!!!

Financial

  • Asking Price: $149,000
  • Cash Flow: $84,571
  • Gross Revenue: $189,196
  • EBITDA: N/A
  • FF&E: $12,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The Business is located in a Ranch Style House that sits on approx. 2 acres of land. (The property is approx.1850 x 700 ft.) This house could be a home for an owner that only needs 1 bedroom and 1 bathroom. The facility is set up with a Kennel that is in a converted Oversize 2 Car Garage, an Office, Reception Area, Waiting Room, Grooming Room, a Bathroom with Doggy Bathing Area, Kitchen, Dining Area, and a Very Nice Outside Porch PLUS a Breezeway. The Large Back yard is fenced for Doggy Activities. There is a two year lease with 2 year renewal option. The Rent is currently $2200 per month

Is Support & Training Included:

The owner will provide 2-4 weeks of free on-site training, as well as up to 3 months of free phone consultation on an as needed basis.

Purpose For Selling:

Moving Out of State

Pros and Cons:

Closet Competition is 4 miles away on grooming and 10 miles away on boarding

Opportunities and Growth:

Could triple business. Area is projecting 10,000 new residents

Additional Info

The business was founded in 2012, making the business 10 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell companies. Nonetheless, the genuine reason and the one they say to you might be 2 totally different things. As an example, they might claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or an array of other factors. This is why it is extremely crucial that you not rely totally on a vendor's word, however rather, use the vendor's response combined with your overall due diligence. This will paint a much more realistic picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that revenue margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area bring in brand-new consumers? Often times, businesses have repeat clients, which develop the core of their everyday earnings. Particular variables such as new competition growing up around the location, roadway construction, and personnel turn over can influence repeat consumers and negatively affect future earnings. One important point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business regularly, the better the opportunity to build a returning client base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Just how might the local average home earnings effect future income potential?