Sold
30+ YEAR ABSENTEE OWNER PET GROOMING BUSINESS - SC2087
30+ YEAR ABSENTEE OWNER PET GROOMING BUSINESS - SC2087
Financial Information
- Asking Price: $175,0000
- Gross Revenue: $325,000
- Cash Flow: $150,000
- Down Payment: $100,000
- FF&E (Included): $20,000
- Inventory: $20,000
- Financing: No
Business Location
- Placer, Confidential, California
Primary Business Category:
This long-established pet grooming company in Northern California is a Limited Liability Company and has been established for over 30 years and under the current ownership for the past 6 months. They perform all kinds of pet grooming services, including Bath & Brush-out, Full Grooming and Teeth Brushing. They are in an affluent area of Northern California and have an excellent reputation in the market. This is an absentee owner business. The pet grooming industry is now valued at $7 billion in annual revenue and has nearly doubled in the past 10 years. An estimated 65% of the US population reportedly owns a pet of some type. There are over 103,996 businesses currently operating as dog groomers in the US with an average growth rate of 8%. Pet ownership in the US has increased from 67% to 70%, which is an all-time high. Overall, the US pet care industry is expected to rise 5.8% before the start of 2022, reaching $109.6 billion.
Competition Description
There is competition in the market, but this location is really boutique and have a very experienced staff that have been trained by a Certified Master Groomer. Having highly trained staff with years of experience truly differentiates this location.
Growth / Expansion overview
Growth can be obtained by increasing marketing efforts through digital and print media, as well as refreshing the website for a newer updated look. Growth can also be obtained by adding more groomers and expanding hours to 6 days a week instead of currently 5 days a week.
Support / Training Comments
Seller agrees to provide training for 2 weeks at 10-20 hours per week, some of which may be provided remotely.
Reason For Sale
The business is for sale because of a health emergency.
- Home Based: No
- Year Established: 1992
- Franchise: No
- Year Acquired: 2021
- Willing to Train: Yes
- Relocatable: No
- Required Licences:
- Is Property Leased: Yes
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Real Estate Asking: N/A
- Days Open: Tuesday - Saturday
- Hours Open: 7:30 am to 5 pm
- Fulltime Employees: 4
- Part time Employees: 1
- Is Management Staying: Yes
- Distressed: No
- Monthly Payroll: ON REQUEST
- Building Size: 1180 sq. ft.
- Monthly Rent: $1,700
- Lease Expires: 10/31/2023
- Lease Miscellaneous: CAM charges included in lease payment
Broker: ProEquity Asset Management Corporation License ID: 01870526
Listed By: Adriana Sargent
Background information
Reference:
SC2087
Year established:
1992
Reason selling:
The business is for sale because of health emergency.
Operations
Employees:
Full-time Employees: 4 Part-time Employees: 1
Equipment:
Upon Request
Inventory:
$20,000 Upon Request
Premises
Facility:
Building Size: 1180 sq. ft. Is Property Leased: Yes Real Estate Available: No
Square footage:
1180 sq. ft.
Rent and lease terms:
Monthly Rent: $1,700 Lease Expires: 10/31/2023 Lease Miscellaneous: CAM charges included in lease payment
Location:
Placer, Confidential, California
Opportunities
Growth:
Growth can be obtained by increasing marketing efforts through digital and print media, as well as refreshing the website for a newer updated look. Growth can also be obtained by adding more groomers and expanding hours to 6 days a week instead of currently 5 days a week.
Market:
There is competition in the market, but this location is really boutique and has a very experienced staff that has been trained by a Certified Master Groomer. Having highly trained staff with years of experience truly differentiates this location.
Price and terms
Price:
$175,000
Down payment:
$100,000
Training:
Seller agrees to provide training for 2 weeks at 10-20 hours per week, some of which may be provided remotely.