Listing ID: 84031

Business Overview

UNIQUE opportunity to own a well established profitable kennel on Cape Cod!
Lake Farm Kennels is family owned & operated for over 29 years.
Lake Farm Kennels is the ”go-to” for pet boarding, day care, grooming and pet supplies for loyal Cape Cod locals and visitors.
The high demand, on-site grooming service, staffed by loyal dedicated professionals, compliments the one stop pet care appeal of Lake Farm Kennels.
The facility is well maintained & organized to meet the demands of the consistent growing clientele.
The kennel comfortably accommodates its canine guests on the first floor, while the 2nd floor accommodates the feline guests.
The strategically located .55 acre meticulously maintained property lends itself to high volume usage by utilizing multiple outdoor play yards, indoor/ outdoor runs.
Steady revenue during Covid, strong profit margins, with significant growth potential.
Pawsitively A Dream Come True Opportunity!!!
PLEASE do not contact or approach employees or Owner.

A Confidentiality Agreement & Financial Statement required from all interested parties.

PLEASE do not approach the business owner. Contact Agent for information.

Financial

  • Asking Price: $1,269,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $175,000
  • Inventory: $25,000
  • Inventory Included: Yes
  • Established: 1991

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:2,660
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The facility is well maintained & organized to meet the demands of the growing clientele. The kennel comfortably accommodates its canine patrons on the first floor, while the 2nd floor accommodates the feline patrons. A strategically located .55 acre meticulously maintained property that lends itself to high volume, multiple outdoor play yards, indoor/ outdoor runs. Ample parking

Is Support & Training Included:

Yes

Purpose For Selling:

Relocation

Pros and Cons:

LFK is #1 pet care facility in a 40 mile radius. NO competition in the market.

Opportunities and Growth:

Extremely STRONG Growth Potential

Additional Info

The company was established in 1991, making the business 31 years old.
The sale does include inventory valued at $25,000, which is included in the requested price.

The business has 5 employees and resides in a building with estimated square footage of 2,660 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell businesses. Nonetheless, the genuine reason vs the one they tell you may be 2 entirely different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or an array of various other factors. This is why it is very vital that you not depend totally on a vendor's word, yet instead, utilize the vendor's solution in conjunction with your general due diligence. This will repaint a much more reasonable picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover things like inventory, payroll, accounts payable, and so on. Remember that occasionally this can suggest that earnings margins are too small. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in brand-new customers? Often times, operating businesses have repeat clients, which develop the core of their everyday profits. Certain elements such as new competition sprouting up around the area, road construction, as well as employee turnover can impact repeat clients and also adversely influence future incomes. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the greater the opportunity to construct a returning consumer base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood mean house income influence future income potential?