Business Overview

This pet store does extremely well, even through the pandemic. It has consistent profits, as it is located in a very high demand neighborhood, with no direct competition in the area. It is essentially a monopoly with an extremely loyal client-base. The owner is not required to be present for day-to-day operations, as it technically runs itself with full staff and management. This is a turnkey opportunity, with extremely low overhead, clean financials, standard operating procedures, and a full range of service offerings for pets. The products and services provided include: pet grooming, daycare, dog wash, and pet supplies. Excellent opportunity for new or existing business owners. It is certainly a lucrative opportunity, and requires no special licensing for the staff.

Financial

  • Asking Price: $190,000
  • Cash Flow: $106,350
  • Gross Revenue: $235,138
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2018

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:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Franchisor will help train franchisee, and provide ongoing assistance to ensure success and profitability. This is more than sufficient, as the business essentially runs itself with full staff.

Purpose For Selling:

Wants to expand this diamond franchise

Pros and Cons:

There is hardly any direct competition for this business, as they offer a unique one-stop-shop experience, in compact locations... requiring very little overhead.

Opportunities and Growth:

This business is a model that is easily expanded, due to the codified standard operating procedures already set in place, and the potential to market this unique concept even more

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was founded in 2018, making the business 4 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell businesses. Nevertheless, the true factor vs the one they say to you may be 2 completely different things. For instance, they may say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or an array of other reasons. This is why it is very vital that you not depend completely on a vendor's word, yet instead, utilize the seller's solution along with your general due diligence. This will paint a more realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses borrow money so as to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that profit margins are too small. Lots of businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be satisfied or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area draw in new customers? Many times, companies have repeat consumers, which develop the core of their day-to-day revenues. Specific variables such as brand-new competition growing up around the area, roadway building and construction, as well as staff turn over can impact repeat consumers as well as adversely impact future revenues. One crucial thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the chance to construct a returning consumer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood typical house earnings impact future earnings potential?