Owner Financing is Available!
Business Overview:
This company provides high-end pet supplies & all-natural dog treat, self-dog washing as well as quality grooming services for pet lovers. The business was founded more than 17 years ago & is located in a busy area in DC. Over the years, the owners have developed a loyal clientele of educated pet lovers. The company does almost no advertising, but secures its business from repeat customers & by word of mouth. Clients are spread throughout the extended Washington, DC Metropolitan Area.
Over the years, Company has won numerous awards & featured in dozens of articles, radio & TV, both national & international.
The Company has established a leading competitive position by pricing at a median level for the industry, but delivering the highest quality of goods & services. Products & services offered include accessories, toys, food, treats & grooming supplies for dogs, cats, birds & small mammals & fish supplies. Additional items include gift items such as cards & pet outfits. Services include grooming, home delivery, & self-service dog wash. Customer rewards program is also in place.
The Company has a nice website which allows customers to place order on line & has a shopping cart feature.
In addition, Company owns a location (not profitable under the current management in place, but has great potential) in Northern VA, which can be included as part of this sale if the buyers so desire. There are 2 full time and 6 to 7 part time employees
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The Market
Company is located in a busy part of DC, a densely populated, generally affluent area with many pet owners, one of the Nation's ten best neighborhoods. Area has enjoyed its continued success in balancing the demands of growth & change, while preserving the fundamental values of the community," retaining its "unpretentious, charming nature," & for the residents' "civic pride & dedication, combined with the centuries old vision for this community, [that] sustain this neighborhood's unique characteristics." Since that time, the neighborhood has continued to enjoy continued urban renewal.
Facilities
The Company operates out of a charming 2-story building plus a basement. The second floor holds relatively spacious work areas for groomers. The basement offers self-service dog wash stations. The monthly rent is roughly $6,500.
Market Competition and Expansion:
Competition
There is only one pet shop nearby, & it does not offer all of the products & services provided by Company. In particular, the Seller is willing to grant the store exclusive rights to sell the gourmet treats currently manufactured by Company in the area.
Growth & Expansion
The pet-related market is large & growing. According to the American Pet Products Association (APPA), 72.9 million households (62% of total households) own a pet today. Total pet-related spending by consumers continued to grow in spite of the recent recession. Year-over-year increases were 4.9% in 2008, 5.3% in 2009, 6.3% in 2010, & are estimated to be 5.1% in 2011. In 2010, $18.76 billion was spent on pet food, $10.94 billion on pet supplies & OTC medications, & $3.51 billion on grooming & board. As noted above, Company is very favorably situated in an attractive market location. Online sales through its web site extend its market reach far beyond its geographical location.
Prospects for the Future
The continued growth of the overall pet market, as well as Company’s impressive history & favorable geographic location represent attractive factors for future growth. Due to pressing medical concerns, the present owners have not actively sought to expand the business in recent years. A new owner who would energetically promote the business could build on the existing base & grow it to a substantially higher level. Alternatively, Company’s customer base could be a very profitable addition to a strategic buyer’s existing market share.
Reason for Selling:
The owners are in the process of moving out of the
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.