Large TX Kennel Priced Substantially Below Appraised Real Estate Value


Large TX Kennel Priced Substantially Below Appraised Real Estate Value
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Asking Price: $2,500,000

Cash Flow: $203,000

Gross Revenue: $1,278,000

EBITDA: $203,000

FF&E: $111,500

Inventory: $64,000

Real Estate: $4,900,000

Established: 1982

Large TX Kennel Priced Substantially Below Appraised Real Estate Value

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Business Description

Long-time pet boarding, pet daycare, pet grooming and dog training facility, located in South Central Texas providing quality pet care for dogs, cats and birds. This business has been providing quality pet services for decades and has a great reputation and large customer list. There is a well-tenured staff in place to keep the business running smoothly.

Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building SF:
14 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This expansive complex of an approximately 31,275 sq. ft. facility located on approximately four acres of land has many climate controlled areas as well as a large outdoor training area. There is a large amount of underutilized indoor and outdoor space. Total dog kennel capacity alone is 166 suites. The business is in a prime location with easy ingress and egress from a major thoroughfare. The Real Estate has been appraised at $4,900,000 and the business is priced to sell at this greatly reduced asking price far less than the appraised Real Estate value.
Growth & Expansion:
There is plenty of opportunity for growth and expansion with the geographic location for this business projected for steady growth with a very high number of pet owners. This would be an ideal business for a veterinarian to purchase and expand by offering veterinarian services or to separate their kennel business from the vet practice. Pet lovers looking for a profitable lifestyle business could grow this business as a Pro Forma at 50% occupancy shows this business could generate $708,432 EBITDA.
Support & Training:
30 days transition. There is a general manager who will stay who is running the business.
Reason for Selling:
Owner is retiring.
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Contact the Seller

(from currently available funds)
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Lawrence (Larry) Schumann, M&AMI, CBI

Business Listed By:
Lawrence (Larry) Schumann, M&AMI, CBI

Corporate Investment

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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