Pet Store – Independent or Franchise – Your Choice
Seattle, Washington
| Asking Price: |
Gross: |
Cash Flow: |
| $55,000 |
$597,822 |
$895,671 |
Furniture and Fixtures Value:
$40,000 (included in the asking price)
Inventory Value:
$656,000 ( not included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
This high volume pet store is in an ideal location, in a high traffic shopping center, centrally located to the perfect demographics for this type of business. It has been established for over 6 years and has flourished as the go-to pet store for dog and cat food, supplements, accessories, toys, treats, leashes, collars, and professional advice on care and feeding of dogs and cats. The new owner may choose to keep it a national franchise or take it independent. This business has been built upon its reputation for quality service and advice, professionalism, and caring for each customer individually. The national franchise is one of the largest pet store franchises in the United States. The franchise fee is 4% plus an Ad fee of 1% of the gross sales. The transfer fee is $5,000. The franchise will provide one week of training at its Pet University in Portland, Oregon. The business currently services about 40-50 customers per day, but this could be increased by adding a delivery service, creating an independent website with online ordering of products, and utilizing more social media. The store is ideally laid out to be an easy experience for the customer to find the product they are looking for and it is all covered by an extensive security system. The Seller will provide financing for the inventory value over a 3 year term at 6% interest. This is a totally turnkey business just waiting for the new owner to take it to the next level. This is a diamond mine just waiting for the new owner to start harvesting the diamonds and reaping the profits.
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| Year
Business was Established: 2010 |
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| Number of Employees:
3 PT |
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| Facilities / Terms of Lease:
The business occupies about 1558 square feet and it is centrally located to the perfect demographic areas for this type of business. It is located in one of the highest traffic shopping centers in the area and has been serving the area for over 6 years. The surrounding community has relied on this business as its go-to pet store. The total monthly rent is $3,484 per month and the lease runs till 12/31/2017. The Landlord will be willing to extend the term of the lease for a qualified Tenant. |
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| Potential
Growth/Expansion:
The business currently services about 40-50 customers per day, but this could be increased by adding a delivery service, creating an independent website with online ordering of products, and utilizing more social media. |
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| Competition:
This is not a “big box” pet store. It is a professional, caring, and quality place that the customers can come to and be assured of the best service, the best advice, and employees that care about the concerns of the pet owners and their pets. It is heads above its competition in the area. The customers rave about it on Yelp. |
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| Owner
willing to finance:
Cash, bank financing. Seller will finance the inventory value(apx. $65K over 3 years at 6%) |
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| Owner
willing to train:
If the Buyer elects to stay a franchise the franchisor will provide one week of intensive training at its Pet University in Portland Oregon. |
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| Reason for selling:
The Seller has other business interests he wishes to pursue. |
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| REQUEST MORE INFO |
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