Pet Store W/Fish, Birds, Supplies And Dog Grooming

Business Overview:

Profitable Pet Store Open for 25 Years! Seller Financing Avail!

Open locally since 1997, this unique pet store is still run by the original owners. With expertise in dog and fish breeding, the sellers started the business as a full-service pet store with animal sales, cage and crate sales, aquariums and fish accessories along with all kinds supplies for birds, turtles, dogs and more. There is also a dog grooming area in the store and currently, there is one very popular dog groomer who works on a commission basis. The store no longer sells puppies as they have in years past, so their “live” inventory available includes a variety of fish, birds (like parakeets and other specialty breeds) and even tortoises! As the big box retailers became more prominent over the last 15 years, this store continued to thrive because of the personalized service, high-quality fish and birds plus their unique and diverse retail selection. Sales are steady, the business is profitable with a SDE (seller’s discretionary earnings) over $77,000 in 2021, and the store is ripe for growth for any buyer. The business is currently closed on Sundays but opening on that day could add thousands to the bottom-line annual sales and SDE.

Annual revenues from 2019-2021 average over $275,000 with SDEs that were also extremely consistent. The sales and SDE numbers don’t even include any cash, of which there is a small but not insignificant amount. Modern consumers crave the one-on-one customer service that a store like this provides. While there is only one groomer currently working on a commission basis, there is room for at least one or two more stations. Dog grooming is very lucrative and with some updating, this part of the business could grow the annual revenue significantly.
There is $27,000 of “dry” inventory included in the sale (although current inventory is likely worth twice that amount). There is also an amount of “live” inventory as mentioned about and that value will be determined before closing on the sale of the store.

The backstory of this business could go on for pages, and of course, any buyer will be able to learn the full history of this special store. By focusing on marketing and net profitability, the possibilities are endless for a new owner. While the store no longer sells puppies, the live inventory sells extremely well and customers have always and continue to come from all over to buy fish, birds and more from this locally-owned store in lieu of shopping at the big box pet stores.

The business was originally opened right as the internet was being invented! Therefore, the future of this store could include a solid amount of online sales and curbside pickup. The store has a very detailed website that is easy to navigate and extremely aesthetically appealing.

As previously mentioned, branching into online sales with curbside delivery is one of the most obvious ways to spur revenue growth. Also, opening on Sundays would allow for a significant growth in sales, upwards of $25,000-50,000 0r more by being open for the entire weekend. The grooming area in the back of the store could be revamped to add at least one station (for a total of three). A “boutique” grooming experience is much preferred by dog owners who want to know the groomer who is taking care of their pup.

Growth will be achieved with even a minimal amount of money spent on Google Ads and on social media networks like Facebook and Instagram. The modern customer craves a personal experience when shopping in person, so any advertising dollars could be spent promoting the local ownership and specialty animals.

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Reason for Selling:

Retirement

Additional Details:

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