Listing ID: 73353
Don’t miss out on this excellent business! For dog lovers, how about a business that allows you to run a business and be with furry friends? You can have your cake and eat it too with this business! Motivated seller; make your best offer. Business has increased and you can capitalize on the growth and legacy of these established doggy daycares!
During the Pandemic many people adopted or purchased dogs and are now in need of doggy daycare services. Additionally, Central Ohio’s growth is booming commercially and residentially. The addition of many housing units throughout the area is a clear indication of Columbus’ rising economy.
This is truly a turn-key operation, one in which the current owner has worked hard to build a core team of management and senior staff who can run the business with very little oversight. Marketing is accomplished through word of mouth by currant, loyal customers. Processes for daily and weekly activities have been documented and are used for new hire training.
Staffed with friendly and experienced personnel, the daycares are flourishing. Both facilities are well-maintained and cleanliness is extremely important to the owner and staff.
Both daycares have excellent reputations which are reflected in their online reviews.
- Asking Price: $398,000
- Cash Flow: $138,000
- Gross Revenue: $500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:14
- Furniture, Fixtures and Equipment:N/A
2 locations in Central Ohio with a total of 8,600 sq ft.
Seller is willing to train the new owner.
Owner commitment in another industry is prompting the opportunity to sell.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell operating businesses. Nonetheless, the genuine factor vs the one they say to you may be 2 totally different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, recent reduction in earnings, or a variety of other reasons. This is why it is extremely crucial that you not count absolutely on a vendor's word, however instead, use the vendor's response combined with your total due diligence. This will paint a more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover points such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that earnings margins are too small. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be fulfilled or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new clients? Often times, businesses have repeat clients, which develop the core of their daily earnings. Certain aspects such as new competition sprouting up around the area, road building, and personnel turnover can affect repeat customers and adversely influence future revenues. One vital thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business regularly, the higher the opportunity to construct a returning customer base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the local average home earnings effect future earnings potential?