MEMPHIS, Tennessee
| Asking Price |
$395,000 |
Year Established |
2020 |
|
| Annual Revenue |
$451,000 |
Reason for Selling |
Retiring |
|
| Annual P/L |
$157,200 |
Attention |
Wesley Hill |
|
| Annual Cash Flow |
$0 |
Listing Number |
998309 |
|
| # of Employees |
3 |
Business Category |
Retail: Pet Stores & Services |
|
Business Overview:
This well established pet store and grooming salon offers a full range of services under one roof. Including pet products, professional grooming, and high traffic self-service pet washing stations. This business is located in a high-traffic area and is currently booked 2 months out. The loyal, repeat, and luxury customer base chooses this business over competitors because of the strong reputation that has been built on quality, convenience, and care.
This business is fully equipped, clean, and designed for an efficient luxury experience. Currently is owner-operated and runs smoothly with experienced staff. This business is poised to be turned into semi-absentee owner ran business, or a full franchise model. Revenue streams are diversified across multiple streams of income, creating stability and consistent cash flow. The seller is seeking a buyer to take this business over to expand this already well-established cash flowing business. With the growing demand for pet care services, there's potentially significant room to expand this already existing location through e-commerce sales, adding additional staff, or adding additional location. This is a rare chance to step into a profitable, established business in the forever expanding, recession-resistant, pet industry. Inventory not included, to be determined at the time of sale.
Property Features and Assets:
<p>Lease Info:</p><ul><li>Square Feet: 3,200</li><li>Total Monthly Rent: $5,400</li><li>Lease Expiration: June 1, 2028</li><li>Lease Options: 2 5-Year Option</li><li>Build Out Cost: approx $150,000</li></ul>
Market Competition and Expansion:
<p>There are a few competitors in the area; however, this store stands out by offering a unique combination of retail, full-service grooming, and self-service dog wash all in one location. The business benefits from strong customer loyalty, repeat clients booked months in advance, and a prime location in a high-traffic area with a very high demand.</p><p>This business is profitable with clear opportunities to scale. Grooming demand already exceeds capacity, allowing for immediate growth by adding staff. Strategic marketing and loyalty programs could expand the customer base, while premium retail products or an online storefront would drive higher margins. Additional services such as mobile grooming or wash subscriptions present strong recurring revenue potential, making this a business ready to grow with the right owner.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity