Business Overview:
This purrfect pet supply store has been making tails wag for over a decade. Its wholesome approach to both the products it sells and customer service have made this store a cherished fixture in its popular Portland neighborhood. This store sells pet food, pet supplies, and gifts for people who have pets. Its neighborhood location makes it an ideal spot for this kind of business. It has plenty of traffic to keep the store busy, and there is no space in the neighborhood or close by for any of the big box pet supply stores to move in. The store is fully staffed, and the Seller is semi-absentee. The store stocks what its customers want, so the inventory has a very high rate of turnover. The inventory is in addition to the purchase price. The store offers a variety of 150 brands for its customers. The business is strong, and has seen consistent growth year over year, even through the pandemic. This business is a great fit for anyone who has a passion for business and animals.
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Property Features and Assets:
It was the Sellers dream to open a pet supply business. The Seller opened the business in 2011. After 2 months the store was already turning a profit. With many people staying home and adopting pets during the pandemic, the business has seen growth over the last few years with that trend expected to continue.
Market Competition and Expansion:
There are 2 other pet supply stores in the area. But there is a considerable distance between them and this store. With nearest competitor being over 10 city blocks away.
Actively utilizing social media would engage and attract a lot of new business. Increasing the stores customer delivery service would generate additional revenue. Adding a small grooming or self-wash pet area in the back of the store would bring in additional traffic.
Reason for Selling:
Retiring
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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