Cooper Mountain Kennel

Beaverton, OR (Washington County)

Cooper Mountain Kennel

Asking Price:$3,100,000

Cash Flow:$324,000

Gross Revenue:$707,000




Real Estate:$1,500,000


Cooper Mountain Kennel

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Business Description

The Cooper Mountain Kennel is a relatively new facility. Since inception, beginning in 1995, revenues have increased substantially. In addition, the owners have upgraded the facility with an ongoing renovation plan which has made the business and property the most appealing in the County.

Revenues over the last five years have increased dramatically. From calendar year 1995 through the end of 2015 the business has shown an increase of 350% in revenues. Using a Capitalization Rate of 10.47%, the fee simple market value of the land, business and improvements is $3,100,000, based on the actual adjusted NOI December 31, 2015.

With a down payment of $620,000 (20% of purchase price) plus closing costs, and an SBA loan of $2,480,000 (80% of purchase) at 4.75%, amortized over an average of 17 years, the new owner would be looking at cash flow after debt service of about $112,000 in the first year (assuming revenues and expenses do not change from calendar year 2015), or about a 16% cash-on- cash return.

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Detailed Information

Included in asking price
Real Estate:
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Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Cooper Mountain Kennel is located 4 miles west of Hwy 217 and two blocks west of 209th and Farmington Road. Located in beautiful Washington County, the property is comprised of a main building, which houses the office, lobby, grooming facilities, cattery, 68 radiantly heated dog runs, and 12 outdoor runs. Extra upstairs space in the main building is for additional kennel rentals. Adjacent to the main building is a large maintenance and storage building which houses all of the property’s equipment and offers additional storage space. State of the art security and accounting systems add to the value of this property. The Kennel currently employs 17 people. Behind the main building (300 feet to the south) is a three-bedroom manufactured home with vaulted ceilings and a large family room. There is a two carport and storage shed. This can be used as a residence for the owner or can be rented out for additional income ($1600-1800/month). The property consists of 15.62 acres, zoned AF10 (Agriculture Farmland - 10 acres minimum). It is surrounded by farmland. The individual dog runs are 4 feet by 16 feet (with 4’ x 4’ interiors). The cattery consists of 18 kitty condos separate from any of the dog runs. Upstairs is space for dog training or an additional 22 kennels to handle the overflow business. Grooming services provided are all-dog grooming, bathing, clipping and de-matting. Future Land Value Land development in the Portland metropolitan area is limited by an artificial “Urban Growth Boundary” (“UGB”) that restricts the future growth of residential home building in the region. METRO, an agency that controls the designation of this UGB, have set limits on future growth by arbitrarily restricting the expansion of this UGB into areas adjacent to existing residential housing (i.e. farmland which should be rezoned to accommodate demand for new housing). In fact, the demand for new housing is so great that over the last 24 months, land that is currently zoned residential and which is inside the UGB has sold for $250,000 to $340,000 per acre. The purchase price includes the land (fee simple).
Cooper Mountain Kennel is one of the largest and best run kennels in the Portland Metro Area. Providing grooming care for both dogs and cats, the local community knows that animal care is the highest priority. Although there are other smaller kennels in the area, Cooper Mountain Kennel is well located on SW Farmington Road, central to Beaverton, Hillsboro and all of Washington County and always has room for the public's needs. The combination of state of the art facilities and excellent reputation in the community make Cooper Mountain Kennel the place where owners go to first.
Growth & Expansion:
The property has a large upstairs and extra outside dog runs which are used during the peak summer seasons and has more than enough room for any expansion of additional kennels.
SBA Financing is available at great rates. See broker for more information.
Support & Training:
Training and support is available for the new buyer. The staff is also available for training and support.
Reason for Selling:
The owner wishes to sell and purchase real estate that is more passive.
Business Website:

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William Goode

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William Goode

Goode Realty Group

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