Business Overview

Pet Grooming Business with some pet retail sales. Established 8 years ago, located on a busy intersection. This business is very known and liked by many pet owners. It is located in a north metro suburb with limited competition. This is a fun business with a lot of potential! The business could double in sales with the current space.

Seller will pay the first three months of rent for the buyer as part of the purchase price

Financial

  • Asking Price: $35,000
  • Cash Flow: N/A
  • Gross Revenue: $134,298
  • EBITDA: N/A
  • FF&E: $15,000
  • Inventory: $7,000
  • Inventory Included: N/A
  • Established: 2013

Detailed Information

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

The business leases 2440 square feet. There is ample parking.

Additional Info

The venture was established in 2013, making the business 9 years old.
The deal shall not include inventory valued at $7,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell businesses. Nonetheless, the true reason and the one they tell you might be 2 absolutely different things. As an example, they might claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be justifications to attempt to hide the reality of altering demographics, increased competitors, current reduction in earnings, or an array of other factors. This is why it is very important that you not rely absolutely on a seller's word, yet instead, utilize the seller's solution together 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 business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering points like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that revenue margins are too thin. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be met or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in new customers? Many times, companies have repeat clients, which develop the core of their daily profits. Specific variables such as brand-new competitors sprouting up around the location, road building and construction, and also personnel turnover can impact repeat clients and also negatively affect future incomes. One crucial thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the higher the possibility to build a returning customer base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Just how might the regional average household income impact future earnings potential?