Business Overview

Are you an EXPERIENCED GROOMER and want to own your own upscale pet spa? This business has seen consistent growth since 2006. Seller has developed a unique and profitable business model and is willing to stay on for several months to facilitate a smooth transition for a new owner.

The salon is conveniently located in a busy Littleton shopping area with a high-end, loyal client base. Services provided include shampoo and conditioning, breed cutting, nail trimming, ear cleaning, pet sitting, as well as retail sales of pet products – with room for retail expansion.

This business has been pre-qualified for SBA financing.

Financial

  • Asking Price: $198,000
  • Cash Flow: $138,026
  • Gross Revenue: $327,643
  • EBITDA: N/A
  • FF&E: $26,160
  • Inventory: $5,250
  • Inventory Included: Yes
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,733
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1700+ sq ft; outdoor fenced area with room for expansion; large retail space in addition to grooming and kennel areas.

Is Support & Training Included:

1 month up to 20 hours weekly; seller is willing to stay on with compensation for several months after transition training.

Purpose For Selling:

Seller is moving out of the area

Opportunities and Growth:

Facility has room for expansion and would support more groomers.

Additional Info

The venture was started in 2006, making the business 16 years old.
The sale shall include inventory valued at $5,250, which is included in the listing price.

The business has 7 employees and resides in a building with disclosed square footage of 1,733 sq ft.
The property is leased by the company for $3,500 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell companies. However, the real reason and the one they tell you may be 2 absolutely different things. For instance, they may claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competition, recent decrease in earnings, or a range of other factors. This is why it is extremely important that you not depend totally on a vendor's word, but rather, make use of the seller's answer along with your overall due diligence. This will repaint a more sensible image of the business's current circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that profit margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be satisfied or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract new consumers? Many times, businesses have repeat clients, which form the core of their daily profits. Certain variables such as brand-new competitors sprouting up around the area, roadway building, and also personnel turnover can influence repeat consumers and also negatively impact future incomes. One essential point to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the chance to build a returning consumer base. A last idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? How might the regional mean home earnings effect future earnings potential?