Asking Price: $79,000 Gross Revenue: $149,838Cash Flow: $16,155 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $300 included in asking priceFF&E: $15,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Specialized pet grooming store made for small-medium sized dogs designed for a smell-proof front desk area is available for acquisition. The business was established over 4 decades ago in 1972 and was later acquired by the current owner of the business in 1995 operating in the same shopping center. Majority of the customers are elderly individuals and their families that has been dedicated customers since the last several decades of operation. Although many of the customers are elderly individuals, this business is surrounded by many schools and a large university that provides a steady amount of young customers. New development of high-end houses is only a street away from this business that will increase the amount of population in the area which in turn will increase pet owners in the city. Sales average $164,000/year which has been consistent throughout last decade with a slight increase every year. Online marketing is currently done through their beautifully built website that is regularly updated with search optimization for Google search. The area of this business is best suited for local marketing instead of online marketing since the location has expansive housing, schooling, and apartment complexes. Local marketing around the nearby area through Valpak, door hangers, direct mailing, limo service (pick up & drop off), student discount, and installing a large sign in the front of the business. Exposure of any kind will be extremely beneficial to the business, most suitably doing fundraisers or combined activity with the nearby school districts. The potential of this business is limitless with the proper amount of local marketing and proactive involvement from the owner of the business.
Listing ID #000774
For more info, please call Stephen Lee at 1-866-519-2421.
About the Business
Number of Employees:
This business is located in 1,500 SF retail strip center that's beside a huge university and a high traffic intersection that provides a constant flow of customers. All equipment is in fair condition and in working order.
Some competitors are within the immediate market area, but the business has been established in the area for over 4 decades with a loyal customer base that can't be taken away from the competition.
Growth & Expansion:
Proactive marketing is done solely online, but this business has to do extensive local marketing to acquire new customers and expand their demographics. Adding more retail products and hiring more groomers to be able to accommodate more dogs could help the sale grow further.
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