Business Overview

Absentee run Bay Area mobile pet grooming business operating a successful fleet of of vehicles. Business has shown steady consistent financial and operational growth since being established nearly 20 years ago. Ideally situated in an affluent Bay Area locale this business was able to flourish through the pandemic providing their large and diverse customer base continued service without closure. Their reputation and quality of service has led to incredible customer retention with over 90% of their business being repeat clients. Their sheer increased scale and capacity over the competition has led to capturing the vast majority of market share in the area, but still has great opportunity for growth through the region. The current owners’ primary duties consist of greeting employees in the morning to maintain a connection with them, which makes this absolute turnkey opportunity for the right buyer either looking to add their portfolio or looking to actively manage a business for expansion and begin generating income from day 1. Contact us today for more information to make an offer and either begin on the path of becoming your own boss or add another successful business to your current portfolio.

Financial

  • Asking Price: $800,000
  • Cash Flow: $253,905
  • Gross Revenue: $1,100,523
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

retirement

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell businesses. However, the genuine factor vs 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 lots of sellers, these factors stand. However, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in earnings, or a variety of other reasons. This is why it is very important that you not count totally on a vendor's word, however instead, utilize the vendor's answer combined with your overall due diligence. This will repaint a more reasonable image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering things like stock, payroll, accounts payable, and so on. Remember that in some cases this can imply that profit margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that must be satisfied or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in brand-new consumers? Many times, businesses have repeat customers, which create the core of their everyday revenues. Certain variables such as new competitors growing up around the area, road building, as well as staff turn over can influence repeat clients as well as adversely affect future incomes. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning customer base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Just how might the regional median family earnings influence future income potential?