--> Priced to Sell! Selling 2 Beautiful, Open & Operating Specialized Pet Wellness Retail/Service Stores in the Greater Morristown, NJ Area! The stores have beautiful, fully branded build-outs in the top affluent centers in the area. A new owner will likely save hundreds of thousands vs. new build-outs + stores are open and operating with a good recurring customer base.
--> The absentee owner has GMs running the stores. The concept likely needs an owner/operator who can be more present to grow sales, reduce costs, break even, and reach each location's full potential. This diamond in the rough is a fun franchise concept and, when turned around and performing, could generate potentially significant profits based on reported earnings by other franchisees in this system - see FDD notes below.
--> While the concept is primarily service-based, this franchise system includes a small product component. The concept operates on a highly desirable, recurring revenue membership-based model that still allows for walk-in traffic!
--> The franchise system shows an Item 19 financial disclosure in their 2025 Franchise Disclosure Document (FDD), with reporting locations reporting average unit operating net income of $85k+, with the top 25% exceeding $210k net income per location. These locations are not presently coming close to that level due to the owner's absence, requiring additional labor/management expenses. Only the franchisor can share/disclose the full, current FDD.
--> The franchisor requires buyers to have a minimum net worth of $500k and liquidity of $150k+. The buyer of these franchise locations will also need working capital, along with other capital to cover additional expenses and transfer fees.
--> The owner has asked that we screen potential candidates. Please inquire and we will send an NDA and Buyer Information sheet (both electronic and can easily be filled out in minutes). Once complete, we will reach out via phone to qualified candidates, share more details, and connect you directly with the seller and franchisor who will be handling this transaction. Please note - no details will be shared without first having a phone conversation.
*Image shown may be a stock image and may or may not be representative of the business being advertised.
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