Business Overview

This Pet Grooming and supplies company is a stable in the community, serving clients for over 10 years, The business reported over $950,000 in gross revenue with Seller’s discretionary earnings of $139,655 in 2020.

The business is currently being operated semi-absentee by the owner. There are established 4 groomers on staff, 1 manager and 4 sales associates. The owner is eager to retire and is looking for a motivated individual or family to take the business over and serve the community.

Want to get into one of the fastest growing industries? This is the business for you.

Financial

  • Asking Price: $330,000
  • Cash Flow: $139,655
  • Gross Revenue: $958,911
  • EBITDA: N/A
  • FF&E: $34,943
  • Inventory: $114,000
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,592
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 2,592 square feet with a Total Rent of $7,659. Lease ends 9/2022. Seller is active in the business with 4 FT employees and 5 PT employees. Hours of operation are 10 AM to 6 PM, Monday - Sunday. $114,000 in Inventory and $34,943 in FF&E included in Asking Price. $10,000 made in Leasehold Improvements.

Is Support & Training Included:

Seven (7) days

Purpose For Selling:

Seller is ready to semi retire and do other things.

Additional Info

The venture was founded in 2010, making the business 12 years old.
The deal does include inventory valued at $114,000, which is included in the listing price.

The business has 9 employees and resides in a building with disclosed square footage of 2,592 sq ft.
The property is leased by the business for $7,659 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell businesses. Nevertheless, the true reason and the one they say to you might be 2 absolutely different things. For instance, they may claim "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be excuses to try to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or a range of other reasons. This is why it is very vital that you not rely totally on a seller's word, but rather, use the vendor's response together with your total due diligence. This will paint a more reasonable picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, etc. Remember that in some cases this can mean that profit margins are too thin. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise 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 satisfied or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract brand-new customers? Many times, operating businesses have repeat customers, which form the core of their daily earnings. Certain factors such as new competitors growing up around the area, road construction, and staff turnover can influence repeat clients as well as adversely influence future revenues. One essential thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business on a regular basis, the greater the chance to develop a returning customer base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood typical home earnings influence future revenue potential?