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Highly-Rated Pet Store and Grooming Center SC2066
HIGHLY-RATED PET STORE AND GROOMING CENTER SC2066
Financial Information
- Asking Price: $369,000
- Gross Revenue: $783,983
- Cash Flow: $160,520
- Down Payment: N/A
- FF&E (Included): $30,000
- Inventory: $15,000
- Financing: No
Business Location
- Northern California
Primary Business Category: Pet and Pet Supplies Stores
This Northern California Pet Store and Grooming Company is a California S Corporation and was started 16 years ago and has been under current ownership since inception. They offer a wide selection of pet foods, treats, toys and supplies for dogs and cats, many of which you cannot get online. They take pride in assisting their customers to find high quality pet food options. They offer a wide array of grooming services that include full-service treatment, bath and nails and bath and brush options. Essentially, you will find everything your pet desires in this pet store!
Competition Description
A large portion of the business directly comes from word of mouth and repeat customers (considering the number of years they have been in business they have a large installed base of customers), but they perform marketing in several venues including Google, Yelp and their website. They have exceptionally trained staff and invest in continuous training on an ongoing basis. One of their differentiators is their customer service administered by their knowledgeable and friendly staff. The grooming staff has more years experience than most Pet Smart groomers combined. There is a Frequent Buyer Program offered to customers that is paid for by the company's vendor sales reps.
Growth / Expansion overview
One way to grow the company is to expand into online sales through their website. While it is convenient for returns and such through in store sales, one piece they are missing to expand into is online sales and implementing a whole system around that. More focus could be given to social media and expanding
Support / Training Comments
The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training may be provided at agreed upon price and terms between the new Buyer and Seller.
Reason For Sale
Sellers Would Like To Retire.
- Home Based: No
- Year Established: 2007
- Franchise: No
- Year Acquired: 2007
- 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-Sunday
- Hours Open: 9am to 7pm
- Fulltime Employees: 4
- Part time Employees: 1
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: ON REQUEST
- Building Size: 1,721 sq. ft.
- Monthly Rent: $$4,489.02 and CAM charges of $1,633.23
- Lease Expires: 02/28/2023. The one-year extension started on 3/1/2023. The lease is assignable subject to Landlord approval of the new owner being financially adequate.
CA 02100708
NV 1003039
Listed By: Adriana Sargent
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Background information
Reference:
SC2066
Year established:
2007
Reason selling:
Sellers would like to retire.
Finance
Sales:
$783,983
Operations
Employees:
Full time Employees: 3 Part time Employees: 3
Equipment:
Upon request
Inventory:
Inventory: $15,000 List of inventory upon request
Premises
Facility:
Is Property Leased: Yes Real Estate Available: No Real Estate Included: No
Square footage:
1,721 sq. ft.
Rent and lease terms:
Monthly Rent: $4,489.02 and CAM charges of $1,633.23 Lease Expires: 02/28/2023. The one-year extension started on 3/1/2023. The lease is assignable subject to Landlord approval of the new owner being financially adequate.
Location:
Northern California
Opportunities
Growth:
Growth / Expansion overview One way to grow the company is to expand into online sales through their website. While it is convenient for returns and such through in store sales, one piece they are missing to expand into is online sales and implementing a whole system around that. More focus could be given to social media and expanding
Market:
Competition Description A large portion of the business directly comes from word of mouth and repeat customers (considering the number of years they have been in business they have a large installed base of customers), but they perform marketing in several venues including Google, Yelp and their website. They have exceptionally trained staff and invest in continuous training on an ongoing basis. One of their differentiators is their customer service administered by their knowledgeable and friendly staff. The grooming staff has more years’ experience then most PetSmart groomers combined. There is a Frequent Buyer Program offered to customers that is paid for by the company’s vendor sales reps.
Price and terms
Price:
$369,000
Financing:
SBA qualified dependent on borrow qualifications, traditional bank financing
Training:
Support / Training Comments The Seller is willing to provide training at 30 hours per week for 4 weeks for the new Owner. Additional training may be provided at agreed upon price and terms between the new Buyer and Seller.