Business Overview

This fantastic dog grooming business has a rich history of happy pet owners and consistent revenue year over year.

Located in a suburb of Tulsa area, this business has been thriving since the doors first opened. With a staff of groomers on hand, the schedules stay booked weeks in advance.

While there are other groomers around, none cater to the pets like this business. The entire business model is entirely focused on pampering the furry customers and their loyal owners.

Social media and web advertising has been utilized to grow the brand and customer database. Adding an additional groomers and expanding retail would create additional opportunity for the next owner.

Established 45 years ago

Very Well Known in the Community

Adding additional groomers and expanding retail would create additional opportunity for the next owner

Financial

  • Asking Price: $125,000
  • Cash Flow: $68,383
  • Gross Revenue: $244,815
  • EBITDA: N/A
  • FF&E: $23,500
  • Inventory: $8,500
  • Inventory Included: Yes
  • Established: 1976

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:830
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Pros and Cons:

Established since 1976 - Very well-known and respected in the community - Long term customers and pets!

Opportunities and Growth:

Add additional groomers and expand more retail

Additional Info

The company was started in 1976, making the business 46 years old.
The sale does include inventory valued at $8,500, which is included in the suggested price.

The company has 5 employees and resides in a building with estimated square footage of 830 sq ft.
The real estate is leased by the business for $871 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell operating businesses. Nevertheless, the true factor vs the one they say to you might be 2 absolutely different things. For instance, they might state "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be excuses to attempt to hide the reality of changing demographics, increased competition, recent decrease in incomes, or an array of various other factors. This is why it is really vital that you not rely entirely on a seller's word, however instead, make use of the vendor's solution in conjunction with your general due diligence. This will repaint a much more practical image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover items like stock, payroll, accounts payable, etc. Remember that sometimes this can indicate that earnings margins are too thin. Many 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 vendors that must be satisfied or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract brand-new customers? Many times, operating businesses have repeat customers, which form the core of their daily earnings. Certain elements such as new competitors growing up around the location, roadway construction, and also personnel turnover can impact repeat consumers as well as adversely influence future profits. One crucial point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business often, the better the opportunity to construct a returning consumer base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? How might the regional typical home income influence future revenue prospects?