Listing ID: 81110
It’s a great opportunity for a dog lover to take over this reputed Dogs’ One Stop Shop business.
It’s super clean facility, reputed for great quality and service.
Further information will be shared with only serious and qualified buyers after prospect completes the Buyer Profile and sign NDA form.
- Asking Price: $475,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $133,000
- Inventory: $18,000
- Inventory Included: N/A
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,300
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Air conditioned state of art facility and outdoor area.
Will provide during escrow
Low competition, this is the one-stop shop!
Many possibilities like training, expand grooming, expand to boarding cats, refrigerated products, expand day care days and hours. Any many other
The business was established in 2011, making the business 11 years old.
The deal won't include inventory valued at $18,000*, which ins't included in the suggested price.
The real estate is leased by the business for $2,625 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nevertheless, the real reason and the one they say to you may be 2 entirely different things. As an example, they may claim "I have way too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competitors, current reduction in profits, or a range of various other factors. This is why it is very essential that you not rely completely on a seller's word, yet instead, utilize the seller's solution combined with your total due diligence. This will repaint a more practical image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover points such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can mean that profit margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract brand-new customers? Many times, operating businesses have repeat consumers, which form the core of their daily profits. Specific factors such as new competition sprouting up around the area, road building and construction, as well as employee turnover can affect repeat customers and negatively impact future profits. One vital thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the better the possibility to build a returning customer base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the regional median home earnings influence future earnings potential?