Listing ID: 74921
Well established dog grooming business currently run absentee. Separate boarding facility on 1.25 acres is also available. For more info call GoldStar Business Brokers.
- Asking Price: $250,000
- Cash Flow: $115,000
- Gross Revenue: $324,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $1,500
- Inventory Included: N/A
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
1550 s.f. fully equipped dog grooming business
The venture was started in 2014, making the business 8 years old.
The transaction doesn't include inventory valued at $1,500*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. However, the real factor and the one they say to you might be 2 totally different things. As an example, they might say "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in profits, or an array of various other reasons. This is why it is really crucial that you not count entirely on a vendor's word, yet instead, use the seller's solution in conjunction with your total due diligence. This will repaint a much more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that profit margins are too small. 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 think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new consumers? Often times, companies have repeat consumers, which form the core of their daily earnings. Particular aspects such as new competitors growing up around the area, roadway building, and also staff turnover can influence repeat clients and also adversely affect future incomes. One essential thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business regularly, the greater the possibility to develop a returning client base. A last idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? How might the regional mean home earnings impact future earnings potential?