Business Overview

Community favorite grooming and supply store for dogs and cats. Specialized nutritional counseling, self-service dog wash, grooming & spa services and a variety of healthy food and treats offered for dogs and cats of all ages and sizes. Friendly and knowledgeable staff provide local deliveries and special events throughout the year. Business is located at a main intersection with high-visibility and within walking distance from surrounding neighborhoods.

Contact Dan Altom with Sunbelt Business Brokers at 281-440-5153 for complete details.

REF ID# N1958-DA

Financial

  • Asking Price: $475,000
  • Cash Flow: $166,000
  • Gross Revenue: $1,300,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,898
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1,898 SF space in a multi-tenant building in a shopping center located at a major intersection.

Is Support & Training Included:

The Seller will provide training to the Buyer after the sale of the business on a schedule agreed to by both parties to ensure a smooth transition.

Purpose For Selling:

Seller is relocating out of the Houston area.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was established in 2017, making the business 5 years old.

The company has 2 FTE / 7 PTE employees and is situated in a building with approx. square footage of 1,898 sq ft.
The building is leased by the business for $6,788 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell businesses. Nonetheless, the real reason and the one they tell you may be 2 completely different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competition, recent reduction in revenues, or a variety of various other factors. This is why it is really essential that you not count totally on a vendor's word, however instead, use the seller's response together with your overall due diligence. This will paint a more realistic picture of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering things such as supplies, payroll, accounts payable, etc. Remember that sometimes this can suggest that revenue margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that should be met or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in brand-new customers? Often times, businesses have repeat customers, which develop the core of their daily revenues. Specific aspects such as new competition sprouting up around the area, roadway building, as well as employee turn over can impact repeat clients and negatively influence future earnings. One important point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the chance to develop a returning client base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood median family earnings influence future revenue potential?