Business Overview

TYPE OF BUSINESS: Now is your chance to “embark” on a new adventure. Dog Camp and Daycare service located in the Twin Cities metro. This “turn-key” business opened in 2020 and is growing rapidly. They plan on offering additional services such as boarding, retail, and grooming. This is a great opportunity for someone who loves dogs and is looking to become self-employed or expand an existing business by having an additional location.
Hours are Monday – Friday 7:00 a.m. to 6:00 p.m. Saturday hours as “open play”
FACILITY: The business operates out of a beautiful 3,000 sq. ft. space with 2 main daycare play areas, the 3rd. space can be sectioned off for 1 on 1 activities. Max capacity of dogs per day is approx. 50 to 60 dogs.
EMPLOYEES: This owner absent business operates with a manger and 1 full-time and 5 part-time employees. There is a certified groomer and trainer on staff.
GROSS SALES: 2021 sales were $169,700, cash flow to an owner operator is approx. $49,000. 2020 sales were $25,700 (opened in mid-September during COVID).
SALES PRICE: The seller is asking $105,000 for the business which includes furniture, fixtures, equipment, name, website, phone number, business computer to include the customer list.
REASON FOR SALE: Moved out of state.

Financial

  • Asking Price: $105,000
  • Cash Flow: $49,000
  • Gross Revenue: $184,000
  • EBITDA: N/A
  • FF&E: $22,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2020

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:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business operates out of a beautiful 3,000 sq. ft. space with 2 main daycare play areas, the 3rd. space can be sectioned off for 1 on 1 activities. Max capacity of dogs per day is approx. 50 to 60 dogs.

Is Support & Training Included:

Seller will help train new owner at no cost to them.

Purpose For Selling:

Moved out of state

Additional Info

The business was founded in 2020, making the business 2 years old.

The business has 6 employees and is situated in a building with disclosed square footage of 3,000 sq ft.
The real estate is leased by the business for $3,354 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell companies. However, the true factor vs the one they say to you may be 2 totally different things. As an example, they might state "I have too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or a range of various other reasons. This is why it is extremely crucial that you not depend entirely on a seller's word, yet instead, utilize the vendor's response combined with your general due diligence. This will paint an extra realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies take out loans in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that earnings margins are too tight. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be met or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract brand-new consumers? Many times, operating businesses have repeat clients, which create the core of their daily earnings. Certain factors such as brand-new competition growing up around the location, roadway building and construction, and also personnel turnover can impact repeat consumers and adversely affect future profits. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the greater the chance to build a returning client base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it located on the edge of town? Exactly how might the local average house income impact future income prospects?