Established Pet Store in downtown Los Altos

Los Altos, CA (Santa Clara County)

Seller Financing Available
Established Pet Store in downtown Los Altos

Asking Price:$150,000

Cash Flow:$75,000

Gross Revenue:$338,400

EBITDA:N/A

FF&E:N/A

Inventory:$50,000

Rate/Sq. Ft.:$2.08

Established:2003

Established Pet Store in downtown Los Altos

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Business Description

Located in a very affluent area with a small town feel.

This is a boutique pet store in downtown Los Altos specializing in healthy food, treats, health products, outfits and higher-end accessories for dogs, cats, birds and small animals.
Store was opened in 2003 and has been under the current ownership for the past 10 years. It has a very established loyal customer base, steady income, low maintenance and a very central downtown location.
Could be managed by a single owner or 2-3 part time employees.
4-year below market lease with option to extend, includes all utilities (water, electricity, AC/heating, garbage, maintenance).

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Expiration:
5/1/2020
Employees:
2
Facilities:
Ground floor in a commercial professionally-managed building, 1200 sq.ft. plus small storage. Has dog washing area, mini zoo, back access for deliveries, shared bathrooms, point of sale and security systems, shelving, displays, etc. Inventory is valued between $40,000 and $50,000 on the day of sale.
Competition:
Business located in a prime downtown location, in a very affluent area. It is the only Pet Store in Los Altos.
Growth & Expansion:
Additional product lines and services (grooming, veterinary) can be added. We're in a process of expanding our mini zoo area to meet higher demand for kids play spaces in town. Community engagement can be further explored as well.
Financing:
Seller financing is available up to 20% for qualified buyers
Support & Training:
Free support and training for the period of transaction and a first month of operation. Can discuss further involvement as a consultant/manager.
Reason for Selling:
Relocating to another state due to husband's job.
Business Website:
http://petsdelightlosaltos.com

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Business Listed By:
Tatiana

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