Absentee Owner Kennel and Residence on 2.2 Acres
Live the Dog Lovers Dream!
Canyon Lake, CA
35 year Absentee Owner kennel with ranch home on gated, 2.2 acre estate. This is an excellent, nationally renowned, well managed business with a beautiful residence creating a phenomenal investment opportunity AND dog lovers dream lifestyle. Owner retiring and moving out-of-state. Located near the rustic Canyon Lake in Riverside County, CA, the business is fully staffed with over 14 employees. Sales are stable. The business is housed in an adjacent separate free-standing facility with 800 square feet business office, kennel structures and landscaped, manicured grass dog exercise areas with mature shade trees and manicured shrubbery. The deep canine expertise includes General Manager, Assistant Managers and various expert specialists. For the context of this advertisement, because the owner resides on the same property, “Absentee Owner” is defined as a business where there is a General Manager and the business is fully capable of operating autonomously with full functionality including new sales for relatively long periods without requiring owner input. The Discretionary Income is based upon keeping all of the management staff. The new owner who should have good business experience can choose their level of involvement in the business.
The spacious approximately 2,800 square feet ranch-style estate is on the same property adjacent to the business with gated access. It features a private swimming pool, large shaded patio areas, manicured lawns and gardens with beautiful, full, mature shade trees.
The business Ask Price of $1,425,000 is based upon $575,000 for the business and $850,000 for the Real Estate. The Business and Real Estate pricing is reasonable and at market values. Comps can be made available from Broker. The real beauty of this acquisition is the financing. Because of the stable and strong business Discretionary Income of $230,000, a qualified Buyer with about a $300,000 down payment, can acquire the business and real estate, have the business pay the business and mortgage debt service of about $100,000 annually, live in a beautiful home and still have about $130,000 annually remaining ($230,000 - $100,000 debt service) for other living expenses. The financing is based upon a 75% business acquisition loan at about 5.75% APR for 10 years and 80% real estate mortgage at 4.5% APR for 30 years. Interest rates and financing terms are subject to change based upon market conditions. Call or write now to live the dream!