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Independent, Growing Pet Supply Store in Upscale Suburban Location

Mid South

Seller Financing Available
Independent, Growing Pet Supply Store in Upscale Suburban Location
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $1,800,000

EBITDA: $320,000

FF&E: N/A

Inventory: N/A

Established: N/A

Independent, Growing Pet Supply Store in Upscale Suburban Location

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Business Description

The Company is an independent full line retail pet store and grooming salon. Revenue consists of supplies (50% of 2018 sales), pets (36%), grooming (7%), aquarium maintenance (6%), and boarding (1%). The available product line encompasses 882,000 SKUs, with 85,727 having a history, among a very wide range of pets and exotic animals, food, equipment, and supplies. In 2018, the Company averaged 3,000 sales tickets per month, with an average $40 per ticket revenue.

The Company is the only Certified Companion Animal Specialists in its home state. The six certifications include: freshwater fish, canine, feline, avian, small animal, and reptile. The Company operates from a 4,700-square foot retail store and office facility, and employs 3 full-time and 17 part-time employees.

Detailed Information

Competition:
* Recurring Revenue: The Company has an overall 75% rate of repeat/recurring customer sales. The diversified customer base reduces the risk of dependency in any one area. * Local Visibility/Awards/Recognition: The Company plays a vital role in the industry as well as its community. It has often been featured in trade magazines and supports many local charities and groups. * Sales Per Square Foot Above Industry Averages: The Company’s sales/square foot of $302 is significantly higher than industry averages for pet superstores and franchises ($200 - $250), and independent pet stores (under $200). * Profit Percentage Above Industry Benchmarks: The Company’s pretax profit margin of 16.3% in 2018 is more than five times higher than the average industry ratio of 3.1%, reflecting successful product/service offerings and operational efficiencies.
Growth & Expansion:
Several opportunities exist for growth in future years, including expanded service offerings in grooming, boarding, aquarium and pond maintenance, additional breeders and pet choices, as well as regional expansion in surrounding high potential areas.
Financing:
Negotiable
Support & Training:
As needed
Reason for Selling:
Pursue other interests
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Ryan Johnson

Business Listed By:
Ryan Johnson

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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