Asking Price: $320,000 Gross Revenue: $540,000Cash Flow: $170,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $60,000 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.
Our pet nutrition store has been continually refined and improved over the last 12 years to operate very profitably and efficiently in a small foot print of 1,200 sq ft. It can be operated by as little as one pers. It's ideal for a couple who want a family business in southern Florida. Fort Lauderdale is booming and the store can easily be relocated to any area around or in the city that you prefer. It comes completely equipped and stocked and ready to walk into and operate. The existing lease will expire in August 2019 so it will need to be relocated. We relocated the store 4 years ago to this site with a smaller footprint and it became more efficient and more profitable. Relocating was accomplished in 2 days.
About the Business
Number of Employees:
Included is all the shelving, furnishings, TV, computer, and all equipment necessary to operate the store. It also includes the store completely stocked as is with $60,000 in inventory.
The big box pet supply stores are being hurt by Online sales as people opt for convenience but as the sales in big box stores dwindles the sales in the smaller, more intimate and better informed smaller local specialty stores is growing. People today are gravitating toward better nutritional choices for their pets. Smaller stores that carry better food and are knowledgeable about their products and the nutritional needs of their pets are in more demand and they create a higher degree of customer loyalty. Our store profit is up 17% over last year.
Growth & Expansion:
Fort Lauderdale is booming with high rises, apartment buildings, and townhomes being built everywhere and it's only going to get better as the baby boomer generation continues to migrate toward Fort Lauderdale, the warm and inviting boating capital of southern Florida. Relocate the store wherever you want in the Fort Lauderdale area and you'll enjoy the same continuing success that we've had over the years. Our customers are loyal and will follow the store anywhere in the immediate area as they did when we moved it 4 years ago.
We will teach you how to run the store easily & efficiently. We've been at it for 12 years and have refined the operation to the point that one person can run the store alone. We'll teach you about nutrition for pets. This is an ideal setup for a couple who can share the operation of the store or take turns running it.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.