MEMPHIS, Tennessee
| Asking Price |
$950,000 |
Year Established |
2021 |
|
| Annual Revenue |
$1,970,974 |
Reason for Selling |
Seller needs to attend to other businesses in another state. |
|
| Annual P/L |
|
Attention |
Joe Alter |
|
| Annual Cash Flow |
$273,000 |
Listing Number |
952756 |
|
| # of Employees |
15 |
Business Category |
Services: Pet Care & Grooming |
|
Business Overview:
This Petland store opened in 2021 and has been growing their revenue each year to get to profitability. In their first year (2022), the revenue was $1.2MM which grew to over $1.9MM in 2023. This year is trending to beat $2.3MM by the end of 2024. The current owner has now hired/trained three managers who are able to run semi-absent from a different city. Seller financing is available at 6% interest rate.
Property Features and Assets:
The store is in a busy shopping center with larger anchor stores off I40.
Market Competition and Expansion:
Very little competition. Only competitors are local breeders focusing on one breed.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is a franchise resale opportunity