NEW LOWER PRICE & UP IN EARN!Puppy & Accessories Retailer,2 Denver Loc

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Licensed Breeders, Knowledgeable Employees, Growth Potential
Asking Price:
$695,000

Gross Revenue:
$1,284,000
Cash Flow:
$346,000
EBITDA:
$346,000
Inventory:
$45,000
not included in asking price

FF&E:
$50,000
included in asking price

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Business Description

PET STORE SPECIALIZING IN PURE BREED PUPPIES FROM PROPERLY LICENSED VENDORS WITH GREAT REPUTATIONS
2 Locations in the Denver Metro area

The trailing 12 months from to August 31 2018 had earnings of 346K on revenues of 1.28M. This means that this company is selling for less than 2 times the earnings. 2017 had earnings of 308K on revenues of 1.25M. The company’s top and bottom line has steadily grown. All retailers best time of year is over the Holidays and this is no exception. Getting this bought by mid November would greatly benefit a buyer and insure a great start in both profits and cash flow. It is considered a fun business to own and gives the new owner the ability to bring in rescue kittens also.

They are a licensed Colorado pet store under PACFA which is the governing body underneath the dept of agriculture. They support licensed, legal, no cruelty breeders who breed for temperament and companionship. They must exceed all guidelines pertaining to the health, care, and well being of their animals. They specialize in selling high quality purebred and hybrid puppies and the supplies that typically go with them. They have good long term relationships with 5 breeders in 3 surrounding states where they buy most of their puppies and get their supplies from 2 vendors.

The new owner can continue to expand by either adding other locations both in or out of state, increasing inventory, adding other animals like kittens, adding additional products. They can add pet grooming also. The owners can help a new owner do all of this.

This business is well established and has many long-standing customers and referral relationships which means Recurring Revenue which always supports a higher multiple. They also get a lot of repeat business and referrals. Plus this business will not change after the sale based on their reputation and location. They have customers that have bought as many as 4 dogs from them and many customers come back to buy the same puppy food from them so they don’t have to change brands for their dogs who love it. ______________________________________________________________________________________
The sales price was just lowered again to $695K plus their cost of inventory which is currently around 45,000 and varies a little. The seller is willing to carry 10% to 20% of the purchase price for a qualified buyer. This should qualify for a bank loan with $95K which is the currently required down payment of 10% for the banks plus working capital.
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Brief Overview and Deal Points:

They have a very knowledgeable staff with a General Manager that has a bachelor’s degree in animal care. He/She knows how to take care of all of the animals including the hypoallergenic and non-shedding breeds. The stores don’t open until 11AM, close at 7PM, and are open 7 days a week. The new owner needs no experience and can easily get their own license quickly based on the condition of the stores and their history.

One store is 1300 square feet and the other location is 1,500 square feet both have triple net leases that can be assumed. Both stores have security cameras and plenty of parking. Both can accommodate more employees and future growth. Each store has a washer and dryer, prep room with a special tub for washing animals, bathroom, and a big showroom with Kennels Petters. One location has a large “play area” for the dogs to run around in and to visit with potential buyers.
Marketing and Growth Potential: They don’t do any traditional outgoing advertising like newspaper, radio, or mailers. Just referrals, walk ins, and the website. They get a lot of their business off of their website which is always kept up to date and also shows what breeds are expected each week. They use Google Adwords and keywords and are well positioned on

About the Business

Year Established:
2012
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
2,800
Lease Amount/Mo.:
$2.60
Facilities:
One store is 1300 square feet and the other location is 1,500 square feet both have triple net leases that can be assumed. Both stores have security cameras and plenty of parking. Both can accommodate more employees and future growth. Each store has a washer and dryer, prep room with a special tub for washing animals, bathroom, and a big showroom with Kennels Petters. One location has a large “play area” for the dogs to run around in and to visit with potential buyers.
Market Outlook/
Competition:
This business is well established and has many long-standing customers and referral relationships which means Recurring Revenue which always supports a higher multiple. They also get a lot of repeat business and referrals. Plus this business will not change after the sale based on their reputation and location. They have customers that have bought as many as 4 dogs from them and many customers come back to buy the same puppy food from them so they don’t have to change brands for their dogs who love it.
Growth & Expansion:
Marketing and Growth Potential: They don’t do any traditional outgoing advertising like newspaper, radio, or mailers. Just referrals, walk ins, and the website. They get a lot of their business off of their website which is always kept up to date and also shows what breeds are expected each week. They use Google Adwords and keywords and are well positioned on the internet. They don’t sell anything online and have thought about selling supplies that way but have not looked into it. They also train employees to listen to customers to properly match them to the right breed. Adding locations would contribute to the advertising budget. Adding grooming would give them more exposure. They also would like to bring in rescue kittens and other small pets. Adding space in their Park Meadows location would be helpful along with a location closer to the middle of town.
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About the Sale

Reason For Selling:
The owners have moved to another state.
Training/Support:
The new owner believes there will be no issues in the transition as long as the quality of service and advice that they give does not change after the transition.
Seller Financing:
Up to 20%

Listing Info

ID:
1533095
Ad Detail Views:
1195

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Business Listed by

Jeff Chapman Eisnaugle

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Paul Olsen
Company Brokers
License# ER.040043531

U.S. Census Data for Adams, Arapahoe, Denver and Jefferson Counties, CO
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