Listing ID: 75109
Free Range Dog Boarding Business with over 2 Acres of RE included
Well Established and one of a kind in the Queen Creek San Tan Valley area. The Business has been steadily growing since inception 2011. Residential Unit with well over 1.5 “free range” acres dedicated to the business of Dog Training and Boarding. Air Conditioned units house the dogs when not roaming outside. Special commercial zoning from the County make this a great combo piece of property with options to expand the business and its use.
Residential with Special Commercial Zoning
- Asking Price: $650,000
- Cash Flow: $97,000
- Gross Revenue: $107,000
- EBITDA: N/A
- FF&E: $5,000
- Inventory: $1,500
- Inventory Included: N/A
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The business was established in 2011, making the business 11 years old.
The transaction doesn't include inventory valued at $1,500*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nevertheless, the genuine factor and the one they say to you might be 2 totally different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these might just be reasons to attempt to conceal the reality of altering demographics, increased competition, recent decrease in revenues, or a variety of other factors. This is why it is really crucial that you not depend completely on a seller's word, yet instead, make use of the vendor's answer in conjunction with your overall due diligence. This will paint an extra realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering items such as stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that earnings margins are too tight. Lots of 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 tools or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in brand-new customers? Many times, businesses have repeat consumers, which develop the core of their daily revenues. Specific factors such as brand-new competition growing up around the location, roadway building, and also personnel turnover can influence repeat customers and also adversely impact future incomes. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the better the opportunity to build a returning consumer base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Just how might the neighborhood median family income impact future earnings prospects?