Business Overview

This High End Established Pet Grooming Salon had 2021 Annual Sales of $984,126 with an Owner Profit of $153,257. The salon is a professional grooming facility that offers a variety of easy and convenient spa services to pamper your dog; from self service bathing stations to full service professional grooming. The Salon has consistently received FIVE STAR reviews on Yelp for their Professional Grooming and Superior Customer Service. The business is run on an Absentee basis with a Full Time General Manager and Assistant Manger in place. All employees go through a detailed new hire training process to ensure that a high level of customer service is maintained. Included in the sale is quality equipment that is well maintained and sanitized on a consistent basis.

The Salon has 7 Full Time Employees and 11 Part Time Employees. The employee breakdown 9 Professional Groomers (Commission Based), 5 Spa Techs (Take Care of Bathing), and 2 Customer Service Specialist, 1 General Mgr., 1 Asst Manager.

Great location ! Great Part of Town !

Since Pets In the USA are like Family Members The Pet Industry Tends to Be Recession RESITANT !!

This is Not your everyday Pet Grooming Salon this is a High End, Well Run, Turn Key Business !!

Financial

  • Asking Price: $199,900
  • Cash Flow: $153,257
  • Gross Revenue: $984,126
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $3,500
  • Inventory Included: N/A
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,100
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business occupies a 2,100 sq ft facility with Total Monthly Rent at $2,500. Great lease which expires Jan 31, 2024 with Two additional 4 Year options to renew. Long list of High Quality equipment that is well maintained and regularly sanitized.

Is Support & Training Included:

Seller to provide training and support to ensure a smooth transition to a new owner.

Purpose For Selling:

Seller has other business interest.

Opportunities and Growth:

Historical Summary: Sales: 2018 $585,333 >> 2019 $761,039 >> 2020 $636,485 >> 2021 $984,126 Owner Profit: 2018 $100,484 >> 2019 $127,541 >> 2020 $107,728 >> $153,257 (Note: In 2020 Business was CLOSED DUE TO COVID March 22nd- May 25th)

Additional Info

The business was established in 2006, making the business 16 years old.
The sale shall not include inventory valued at $3,500*, which ins't included in the suggested price.

The company has 7 FT 11 PT employees and resides in a building with estimated square footage of 2,100 sq ft.
The real estate is leased by the company for $2,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell companies. Nonetheless, the real reason and the one they say to you may be 2 entirely different things. For instance, they might say "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be excuses to attempt to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or an array of various other factors. This is why it is extremely crucial that you not depend entirely on a vendor's word, however instead, use the seller's response together with your general due diligence. This will repaint a much more realistic image of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover points such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that profit margins are too tight. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in brand-new consumers? Most times, businesses have repeat customers, which form the core of their everyday earnings. Certain elements such as brand-new competitors growing up around the area, road building, and personnel turn over can impact repeat clients and negatively affect future incomes. One essential thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the better the opportunity to construct a returning client base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? How might the regional typical family income influence future revenue potential?