Listing ID: 78756
Available for acquisition is this well-established, and operated business that has enjoyed serving pet owning households for over 20 years. The business provides industry-leading technology in the pet fencing industry to the Maine Massachusetts, New Hampshire regions. It is proud to offer a best-in-class product that keeps customers pets safe. Their pet fence system provides dogs exercise along with the peace of mind. The business has received a consistent average of Five-Stars in Google reviews from extremely satisfied customers, as well as winning awards. The business has generated strong and consistent historical growth, having its best year in 2020 (data to be received shortly) and has limited competition due to excellent customer reviews and stellar reputation. Numbers / data listed above are based on 2019 tax year. This successful business, including $5000 of inventory and supplies, all the furniture, fixtures and equipment, a non-compete agreement, goodwill, training during the transition to a new owner, vendor and customer contacts are available for a Business offering price of $349,000.
- Asking Price: $349,000
- Cash Flow: $141,282
- Gross Revenue: $595,225
- EBITDA: N/A
- FF&E: $46,500
- Inventory: $30,000
- Inventory Included: N/A
- Established: 1998
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Training can be provided during the transition to a new owner.
Very little competition.
Unlimited growth potential.
The company was founded in 1998, making the business 24 years old.
The deal shall not include inventory valued at $30,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 entirely different things. As an example, they might say "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competition, current reduction in earnings, or an array of various other factors. This is why it is extremely important that you not rely completely on a seller's word, yet instead, make use of the vendor's answer together with your general due diligence. This will paint a much more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that revenue margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations 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 need to be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new clients? Many times, businesses have repeat customers, which develop the core of their daily earnings. Certain factors such as brand-new competitors growing up around the area, road construction, as well as staff turnover can affect repeat clients and also adversely impact future earnings. One crucial thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business often, the greater the opportunity to build a returning consumer base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood mean house earnings effect future revenue potential?