Listing ID: 76437
Established business of 12 years offers indoor/outdoor training and behavior-based dog daycare and overnight boarding. Founded on advanced dog behavior and training principles, this business offers a unique angle and expertise in the industry. There is a consistent, high demand for services and a large, loyal client list. Management team is in place and this business operates with an absentee owner model; however it is a great opportunity for an owner operator (financials shown as owner/operator). Opportunities for growth exist for a new owner wishing to bring this business to the next level. Lease extension terms to be negotiated this spring. Inquire now for more details.
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- Asking Price: $250,000
- Cash Flow: $125,029
- Gross Revenue: $431,240
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
5200 SF in an industrial building.
4 weeks included
Other Business Commitments
The business was founded in 2010, making the business 12 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell companies. However, the genuine factor vs the one they tell you may be 2 absolutely different things. As an example, they may say "I have too many various commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in earnings, or a range of various other reasons. This is why it is really essential that you not count entirely on a vendor's word, but instead, make use of the vendor's answer together with your general due diligence. This will repaint a more practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses take out loans so as to cover points such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that earnings margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new clients? Most times, operating businesses have repeat clients, which create the core of their day-to-day profits. Specific variables such as new competition sprouting up around the location, roadway building, and also employee turn over can impact repeat clients and adversely influence future revenues. One important point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the higher the opportunity to build a returning client base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the local mean household earnings impact future earnings prospects?