Listing ID: 80787

Business Overview

This is a great work-from-home profitable business opportunity. This company is ideal for pet lovers. This business provides an owner with high work satisfaction because the company’s service and product promotes and delivers pet safety and health. The company is an authorized dealership with a protected territory in the local metropolitan area. The brand is highly recommended and has been in operation for nearly 50 years. The territory includes the Treasure Valley from Mountain Home to eastern Oregon, north to McCall/New Meadows area and south to the Idaho/Utah border. The company is highly profitable and easily operated with one employee.

Financial

  • Asking Price: $250,000
  • Cash Flow: $106,795
  • Gross Revenue: $249,914
  • EBITDA: N/A
  • FF&E: $16,800
  • Inventory: $5,918
  • Inventory Included: Yes
  • Established: 1988

Detailed Information

  • 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
About The Facility:

The business is operated from a home office. (Home Based)

Is Support & Training Included:

Will train for 2 weeks @ $0 cost. An individual who is experienced in pet-related business or business-to-consumer sales or sales management, or related complementary customer-centric businesses is an ideal candidate to purchase this business. Additionally, prior management/supervisory experience, and a general business background would be very helpful.

Purpose For Selling:

Owned the opportunity for several years and is ready for a new adventure.

Pros and Cons:

The primary market are pet owners, both dog and cat, who seek safe containment and behavior solutions.

Opportunities and Growth:

While Covid-19 was a challenge for many businesses, the pet industry grew and thrived as many people were able to work from home and chose to furry members to their families. Network wide, the dealership brand increased over 20% in 2020. Year to date 2021 is showing strong growth over 2020. Historically, the company showed growth in recession years since the product is more affordable and effective than the competition. The customer base of approximately 1,000 active customers (3,200 total customers), locally, continues to use and recommend the products and services to friends, neighbors, family and co-workers. Almost 30% of new business comes from referrals.

Home Based:

This Business Is Home Based

Additional Info

The business was established in 1988, making the business 34 years old.
The transaction shall include inventory valued at $5,918, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell companies. Nevertheless, the real reason vs the one they say to you may be 2 completely different things. For instance, they may claim "I have way too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competition, current decrease in profits, or an array of various other factors. This is why it is really important that you not rely entirely on a seller's word, yet rather, utilize the vendor's answer combined with your total due diligence. This will paint an extra practical image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, and so on. Remember that occasionally this can imply that revenue margins are too small. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be satisfied or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in brand-new consumers? Often times, companies have repeat consumers, which form the core of their daily revenues. Particular factors such as brand-new competitors growing up around the area, roadway building, as well as personnel turn over can affect repeat customers and adversely affect future incomes. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the opportunity to develop a returning consumer base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the neighborhood median household earnings impact future revenue prospects?