Listing ID: 71318
This thriving, one-of-a-kind retail/regional-wholesale business is both well-known and highly respected across the industry. A market leader that holds vast regional market share in popular categories including pet & animal, lawn & garden, backyard living, and New England lifestyle, among others. The nature of this business has proven time and again to be resistant to cyclic recessions, and now has proven growth despite the ongoing global pandemic. If you are looking for a proven and profitable concept that combines the attraction of New England lifestyle with innovative service and wholesome charm, this could be a perfect fit for you! The real estate is also available for sale which would allow for complete control of the location, which is also in early stages of robust economic development, making this an excellent opportunity for future growth. The operation would be perfect for an individual who wants to run and grow a popular and thriving business, or for a current operator of pet supply or agriculturally-focused stores looking to expand into a profitable location. This business boasts state-of-the-art operating systems and is ready for turnkey transition of ownership.
(NOTE: Included in the Cash Flow/SDE stated is $288,287 which is to service debt on the Real Estate. The estimated net Cash Flow/SDE after servicing the Real Estate debt is $404,000.
- Asking Price: $1,350,000
- Cash Flow: $755,854
- Gross Revenue: $7,579,632
- EBITDA: N/A
- FF&E: $500,000
- Inventory: $418,000
- Inventory Included: N/A
- Established: 1971
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:22
- Furniture, Fixtures and Equipment:N/A
Large modern retail store and warehouse and parking
Owner will assist in smooth transition
Increase online sales
The business was established in 1971, making the business 51 years old.
The sale shall not include inventory valued at $418,000*, which ins't included in the requested price.
The company has 22 employees and is situated in a building with estimated square footage of N/A sq ft.
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 and the one they tell you might be 2 entirely different things. As an example, they might state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be reasons to try to hide the reality of altering demographics, increased competition, recent decrease in profits, or a variety of various other factors. This is why it is really vital that you not rely entirely on a vendor's word, yet rather, utilize the seller's response in conjunction with your general due diligence. This will paint a much more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans in order to cover items such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that profit margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new customers? Often times, companies have repeat consumers, which develop the core of their everyday earnings. Certain elements such as new competitors growing up around the area, road building and construction, and also personnel turnover can impact repeat consumers and negatively influence future incomes. One important point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the better the chance to construct a returning customer base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Exactly how might the local average house income effect future revenue potential?