Listing ID: 82375
This pet care business offers grooming and bathing services, but 80% of this business is self-serve!
No more clean up after bathing your best buddy!
Most of their clients are referrals, so there is so much potential with this one.
Started with a unique and untapped idea 9 years ago and has grown into a profitable, well referred business with no advertising!
This business also offers retail services in the storefront.
- Asking Price: $206,000
- Cash Flow: $53,008
- Gross Revenue: $151,252
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $6,374
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2012, making the business 10 years old.
The deal doesn't include inventory valued at $6,374*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. However, the true reason and the one they tell you might be 2 completely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of other reasons. This is why it is extremely vital that you not rely totally on a vendor's word, but rather, utilize the seller's response along with your overall due diligence. This will repaint a more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering points like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that revenue margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be met or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in brand-new consumers? Most times, companies have repeat customers, which develop the core of their everyday earnings. Particular elements such as new competition sprouting up around the area, roadway building and construction, and also employee turnover can affect repeat customers and also negatively impact future revenues. One crucial point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning client base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average family income impact future income prospects?