Asking Price: $2,150,000 Gross Revenue: $820,000Cash Flow: $400,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: $1,150,000 included in asking priceShare 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.
This business is a dog and cat boarding kennel with real estate. The “Pet Vacation” business model inspires clients to drop their animals to be pampered in style, featuring grooming, multi-pet suites, frequent interaction with staff and plenty of attention. The part-time staff of 8-10 tend to be young, energetic college students that love animals and their work.
The local population is a perfect demographic for pets with a median household income of approximately $69,000 per year, average age of 34 and an average household size of 2.4 people. This Clark County demographic is an affluent mix of young professionals, many of whom are substituting pets for children, traveling more frequently and increasing demand for pet boarding services.
The staff handles day to day operations with the owner fulfilling the executive management role in the business (15 to 25 hours per week depending on seasonality). Competition is limited, the likelihood of new kennels entering the marketplace offering pet boarding is low, due to the unique land use and type of buildings necessary as natural barriers to entry.
The lead business broker for this business & real estate at IBA is Jeff Bryan. Mr. Bryan can be contacted directly at (425) 420-0872 or email@example.com.
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