Listing ID: 74777
Perfect for groomer who wants to own their own place, grow the business and reap the benefits. Seller financing available with half down, or a cash price of $49,000. Beautifully appointed and spotless, this pet grooming business is ready for new energy from an owner/groomer. Currently profitable with a non-grooming owner who manages but does not pull any shifts. Two groomers are generating over $10,000/month revenue. A new owner, managing and performing full-time grooming position, would generate a projected cash flow of $59,000 for themselves with all growth going into their pocket. Current trends show surging growth during Covid with safe procedures for customers and staff.
Located in highly desirable North East location with a solid assumable lease that is extended till next January.
- Asking Price: $59,000
- Cash Flow: N/A
- Gross Revenue: $126,000
- EBITDA: N/A
- FF&E: $4,400
- Inventory: $350
- Inventory Included: Yes
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,140
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Well maintained and organized facility with additional stations and room to grow
Minimum of 40 hours of training and orientation to ensure successful transition.
Celebrated location in North East with dedicated clientele. Surrounded by affluent population with very little competition near by.
Yearning for full time owner/groomer to take the reigns and keep the growth happening with their own style and continued focus on great grooming and customer service.
The venture was established in 2014, making the business 8 years old.
The deal does include inventory valued at $350, which is included in the requested price.
The company has 2FT employees and is situated in a building with disclosed square footage of 1,140 sq ft.
The real estate is leased by the business for $2,446 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell businesses. Nonetheless, the real factor and the one they say to you may be 2 totally different things. For instance, they may state "I have too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or an array of various other reasons. This is why it is extremely vital that you not count completely on a seller's word, however instead, use the vendor's answer in conjunction with your total due diligence. This will paint a much more practical picture 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 companies take out loans with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that revenue margins are too thin. Lots of organisations 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 obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new customers? Most times, businesses have repeat customers, which develop the core of their day-to-day revenues. Certain elements such as new competition growing up around the area, roadway building and construction, and personnel turnover can impact repeat customers as well as adversely influence future revenues. One crucial thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the greater the chance to develop a returning consumer base. A last thought is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood average home earnings influence future revenue potential?