Listing ID: 82613
Business Opportunity-Turn Key Operation. Pet Grooming-Do it yourself Pet Wash-Retail Pet Food Store. High visibility location. High traffic location. Super for Pet Lovers. This is an 1,100 square foot rented retail space with all the bells and whistles for running a state of the art Pet Business. Four do it yourself dog baths with different heights, Two hydraulic grooming tables, four high velocity hair dryers, commercial “Clipper Vac” and so much more. A complete list to be furnished to interested buyers. Gross & Net Income provided with signed Confidentiality Form
- Asking Price: $79,900
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. Nevertheless, the genuine reason and the one they say to you might be 2 absolutely different things. For instance, they might state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competition, recent decrease in revenues, or a variety of various other factors. This is why it is extremely vital that you not rely absolutely on a vendor's word, yet rather, make use of the seller's solution along with your total due diligence. This will paint an extra practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering points like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that revenue margins are too small. Numerous 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 consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new clients? Most times, operating businesses have repeat customers, which create the core of their daily profits. Particular elements such as new competition growing up around the area, roadway construction, as well as personnel turn over can affect repeat customers as well as negatively affect future profits. One crucial point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the possibility to construct a returning client base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the local typical house earnings influence future earnings potential?