Listing ID: 76884
Profitable, highly improved, busy dog spa and day care in an upscale neighborhood in LA’s Mid-City West area. This cage-free facility maximizes clients’ comfort and safety, with many options for fun and stimulating activities. Includes high quality dog spa equipment in excellent condition. Hundreds of active clients and many more on the mailing list.
Loyal clientele and 5-star ratings on social media bring a lot of repeat business. Top-tier website and POS system are fully integrated for payment and scheduling of appointments plus has unused marketing tools ready to activate. The business initially used Google and social media ads, but now relies solely on word-of-mouth. The new owner can quickly grow this profitable business by adding marketing and advertising efforts. There is room for more dogs allowed in the facility under their capacity permit than they currently use.
Day-use, pre-paid packages and upsell of add-on activities and services all boost income and give dog owners a great experience for their dog’s specific needs. Business could be increased by expanding hours days open, and adding more a la carte activities and services. Prices have not increased in over three years and a price increase should be viable. Loyal repeat customers have been joined by the many who have to go back to the office after pandemic year, and want the best daycare for their beloved pets.
Well-trained staff including a full-time manager run the day to day and owner can spend as much or as little time in the business as desired. Seller will provide training. The ideal buyer will be an experienced business person who loves dogs. Good books and records.
Snap up this profitable, turn-key business at a fraction of its value! Aggressively priced given the current lease situation. Current lease expires 05/31/2023 and the landlord may consider redeveloping the property. This business can be relocated and as per the seller, clients will follow. Call broker for further details. Excellent opportunity for existing pet services business and ready for growth.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Mary Doyle at email@example.com or call (714) 396-5842 to receive a confidentiality agreement and to learn more about this opportunity.
- Asking Price: $199,000
- Cash Flow: $160,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Street-facing stand-alone retail space with on-site, on-street and valet parking.
Seller will provide training at no cost to buyer.
Seller is focusing on becoming a licensed Veterinarian
Some competition in the area, but demand is high for dog day care. This business is immaculate and offers unique services.
Possible to increase sales by expanding hours of service, adding marketing efforts, offering additional services and increasing prices. There is room for more clients under the capacity permit. Would be ideal for an existing dog daycare looking to expand its client list, or dog grooming business looking to expand its services. Lease to expire 2023 and no options are available.
The business was started in 2018, making the business 4 years old.
The company has 3 employees and is situated in a building with estimated square footage of 1,000 sq ft.
The property is leased by the business for $7,249 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. Nonetheless, the true reason and the one they tell you may be 2 completely different things. As an example, they might state "I have way too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competition, current reduction in revenues, or a range of other factors. This is why it is extremely crucial that you not depend completely on a vendor's word, yet rather, make use of the seller's response together with your general due diligence. This will paint a much more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that earnings margins are too tight. Numerous 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 commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new consumers? Often times, companies have repeat customers, which develop the core of their day-to-day profits. Certain variables such as new competition sprouting up around the area, roadway building and construction, and also staff turnover can affect repeat clients as well as adversely affect future profits. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the higher the chance to build a returning consumer base. A final thought is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the local mean household income influence future revenue potential?