Business Overview

This is your opportunity to own and manage a high quality, profitable dog grooming salon with a loyal customer base. This dog grooming salon in the Northwest Suburbs of Chicago. is known for its outstanding staff and putting their clients first. Their grooming expertise ensures the safe handling and trust building skills necessary to maintain their continued success. Seller is flexible on terms and will offer financing for the right, qualified buyer. Contact broker for more details.

Financial

  • Asking Price: $100,000
  • Cash Flow: $74,506
  • Gross Revenue: $328,875
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

other interests

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell businesses. Nonetheless, the true factor and the one they say to you may be 2 totally different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competition, recent decrease in earnings, or a variety of other reasons. This is why it is very essential that you not count absolutely on a seller's word, but rather, utilize the vendor's response combined with your overall due diligence. This will paint a more reasonable picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that earnings margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with 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 vendors that must be fulfilled or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in new consumers? Most times, operating businesses have repeat customers, which form the core of their daily profits. Particular aspects such as new competitors sprouting up around the location, road building, and staff turn over can affect repeat customers and also negatively affect future earnings. One essential thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the better the chance to construct a returning customer base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood typical home earnings impact future income prospects?