Business For Sale

Successful Dog Grooming Business

Not Disclosed, ID
Ada County


Asking Price: Annual Revenue:
$70,000 Not Disclosed

Services: Pet Care & Grooming


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RE: Successful Dog Grooming Business Broker: Sheila Spangler

Quick Facts

Asking Price: $70,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $27,788
Total Debt: Not Disclosed
FF&E: $3,400
Real Estate: Not Disclosed
Year Established: 2001
Employees: 3
BBN Listing #: 15944955
Broker Reference #: 8302-14451

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Business Overview:

This successful pet grooming business has been established for 17 years and demonstrates utmost care for its clients. Dogs are groomed by experienced groomers who pay extra attention to detail of the cut.

Additionally, for the do-it-yourselfers, the facility offers wash and groom stations for the pet owner to bathe, trim and shave their furry friends. This facility makes dog grooming easy with professional grooming tools, baths and dryers. Aprons are provided and there are bathing stations that make it easy to get even the biggest pet in or out. The staff provides instruction on how to use the various grooming equipment. This well-established, profitable business is in a desirable and easily accessible location. The business has a good reputation for quality service and a loyal customer base.

An ideal buyer is someone who loves dogs and has a passion for business marketing and sales. With the “humanization” of our furry friends, pet owners spent $65 billion in 2016. The US pet care services industry includes about 16,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $4.5 billion. There is a lot of upward opportunity in this industry for a marketing oriented business owner.

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Property Features and Assets:

This is a leased facility with a monthly triple net rent payment of $1,669. The lease term expires March 31, 2019. It is anticipated that the landlord will negotiate with a new owner for an extended lease period. Tenant pays: lease rate plus taxes, insurance, utilities, CAM, operating expenses and maintenance expenses. This lease is included as an expense in the business financials. Business assets include: Inventory (shampoo, grooming supplies) Furniture/Fixtures/Equipment customary to the normal operation of the business All customer lists and information and past/present sales and marketing data. All proprietary company information and methods of doing business All rights to The Company trade name Website All goodwill and other intangible assets not specifically listed. Total Assets; $3,900.

Market Competition and Expansion:

Typically, customers in this industry are multiple pet owners. While many families own one or more animals, pets are most popular among empty-nesters, single professionals and couples who are delaying having children. These groups tend to have more spare time and financial resources. · Pet owners with unlimited disposable incomes have driven industry revenue to new heights in recent years. · The spending power of the millennial generation and their love of animals will steer the pet care industry, specifically those who provide boarding, pet sitting, and travel products. · Driving growth at the premium end of the market, consumers are spending more on their pets. · More pet owners want their dogs and cats to have fun and engage with other animals during the day, whether it's while they work or just to give pets more time with their own kind. · Because owners want their pets to be pampered, high-end specialized grooming services are growing in popularity. According to First Research, demand is driven mainly by the number of cats and dogs kept as pets, which is affected by demographics and economic conditions. The profitability of an individual pet care company depends on marketing skills, reputation and the range of services offered. Large companies enjoy economies of scale in marketing as well as better access to capital to invest in boarding and grooming equipment and in training programs. Small practices can compete effectively by specializing in particular animals or types of grooming or training, or by serving an exclusive area. The pet care services industry is projected to add more than 10,000 jobs and log at least 15% employment growth through 2019, according to CareerBuilder.

Reason for Selling:

Retirement.

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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