Business Overview

This is an opportunity to join the 100 billion pet market. This business has been in business for 15 years and has been at the current location for ten (10) years. The store finished 2021 with double digit revenue growth along with its E-Commerce platform offering both instore pickup and delivery. Majority on online sales are generated from auto reorders. The business has a excellent reputation for Grooming and offers recurring services as well. Diversified revenue mix with 30% coming from services.

The reviews are all 4-5 star reviews on service and quality. The store is VERY clean and laid out well. The sales for January 2022 are up 17% over 2021.

Financial

  • Asking Price: $498,000
  • Cash Flow: $177,000
  • Gross Revenue: $1,108,000
  • EBITDA: $185,000
  • FF&E: $85,000
  • Inventory: $60,000
  • Inventory Included: N/A
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The store is 3,000 square feet of space fully stocked with everything you need for your pets needs as well as a grooming facility. The hours of the operation are seven days a week from 9AM till 6PM Monday through Friday and Saturday and Sundays 9AM till 5PM. The average inventory depending the season is +- $60,000.00. The Retail store is in a highly visible location with major traffic routes.

Is Support & Training Included:

The seller will train on all aspects of the business for up to two weeks goes with the sale.

Purpose For Selling:

Retire

Pros and Cons:

Service speaks for itself, through the pandemic and beyond they have have sustained profits and customer service.

Opportunities and Growth:

Advertising, customer service and quality is maintained to keep customers coming back.

Additional Info

The venture was started in 2007, making the business 15 years old.
The deal won't include inventory valued at $60,000*, which ins't included in the asking price.

The company has 8FT & 4PT employees and is located in a building with approx. square footage of 3,000 sq ft.
The real estate is leased by the company for $4,350 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell businesses. However, the true reason and the one they say to you may be 2 entirely different things. For instance, they might state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competition, current reduction in profits, or a variety of other reasons. This is why it is extremely important that you not rely totally on a vendor's word, but instead, make use of the vendor's response in conjunction with your total due diligence. This will repaint a much more reasonable picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies take out loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that earnings margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be met or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area bring in brand-new consumers? Often times, businesses have repeat clients, which form the core of their daily earnings. Particular factors such as brand-new competition growing up around the location, road construction, as well as personnel turn over can influence repeat clients and negatively influence future earnings. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the better the chance to construct a returning customer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? How might the neighborhood average family earnings effect future revenue potential?