Listing ID: 75081
This bright and clean pet wash and boarding facility in the West Valley has many 5-star reviews and a strong local following. This business focuses on three revenue streams: pet services, pet boarding and selling high quality food and treats. Adorable build out with many busy businesses near by. Inventory not included.
- Asking Price: $475,000
- Cash Flow: $245,000
- Gross Revenue: $1,255,660
- EBITDA: $245,000
- FF&E: $60,000
- Inventory: $150,000
- Inventory Included: N/A
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,200
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Furniture, fixtures, and equipment included
2 week training period
The venture was founded in 2006, making the business 16 years old.
The transaction shall not include inventory valued at $150,000*, which ins't included in the suggested price.
The business has 4 FT/ 4 PT employees and is situated in a building with estimated square footage of 4,200 sq ft.
The building is leased by the company for $10,700 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell companies. Nonetheless, the real factor and the one they tell you might be 2 absolutely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be excuses to try to hide the reality of altering demographics, increased competition, recent reduction in earnings, or a variety of various other factors. This is why it is really crucial that you not rely absolutely on a vendor's word, yet instead, utilize the seller's response along with your general due diligence. This will paint a much more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover items such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that earnings margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new consumers? Many times, operating businesses have repeat clients, which develop the core of their everyday revenues. Specific factors such as new competitors sprouting up around the area, road construction, and also employee turn over can impact repeat customers as well as negatively influence future earnings. One important thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the better the opportunity to develop a returning consumer base. A last thought is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Just how might the local mean house earnings impact future revenue prospects?