Under Contract
Very Profitable Franchised Pet Retailer in Miami
| Listing No: BBF-966-54578 | |
| Category | : | Animals/Pets | SIC | : | 5999 | |
| Detail | : | Pet Shop | Price | : | 2,550,000 | |
| County | : | Miami-Dade | Down | : | 375,000 | |
| State/Prov | : | Florida | Disc Earn | : | 824,326 | |
| Country | : | USA | Sales | : | 5,346,599 |
|
This Pet business is located in Miami which would be the perfect business for a bi-lingual buyer who loves dogs. Profit is very consistent and would be even higher if the owner would be involved more, day to day. The location can be easily accessed in any area of south Miami. The business has been pre-qualified for an SBA loan. |
| Reason for Sale | : | Other Business Interests |
| General Location | : | Miami, FL |
| Organization Type | : | Corp 'C' Hours Owner Works: 0 |
| : | Years Established: 7 Years Owned: 7 Emp FT: 37 Emp PT: 0 Mgrs: 2 | |
| Non Compete | : | Miles: 5 Years: 25 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | M-F 12pm - 9pm Saturday&Sunday 10am-9pm |
| Skills/Licenses | : | None |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: Y Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source | P/L Statement | P/L Statement | P/L Statement | |
| Year (Cash Flow) | 2023 (N) | 2022 (N) | 2021 (N) | |
| Gross Revenue | 5,346,599 | 5,167,799 | 6,381,743 | |
| Cost of Goods | 1,551,665 | 1,397,508 | 2,010,688 | |
| Gross Profit | 3,794,934 | 3,770,291 | 4,371,055 | |
| Expenses | 3,421,332 | 3,741,273 | 6,629,343 | |
| Net | 373,602 | 29,018 | -2,258,288 | |
| Owner Salary | 139,857 | 194,621 | 198,128 | |
| Benefits | 272,375 | 461,616 | 1,664,269 | |
| Interest Expense | 38,492 | 39,923 | 27,916 | |
| Depreciation | 0 | 0 | 72,000 | |
| Other | 0 | 0 | 0 | |
| Discretionary Earnings | 824,326 | 725,178 | -295,975 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 100,000 | Y* | ___________ | 0 | N* |
| F F & E | 350,000 | Y* | Total Assets | 450,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 22245 | Square Footage: 4750 | Building Type: Shopping Center |
| Terms & Options: New long-term lease avail | Expiration Date: 10/25/2027 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 2,550,000 | Down Payment | 375,000 | |
| Working Capital | 100,000 | Loan/Assumable | 0 | |
| Loan Fees | 75,000 | Loan/Seller | 0 | |
| Closing Costs | 10,000 | Loan/Other | 2,350,000 | |
| Total | 2,735,000 | Total | 2,725,000 |
| Loan/Assumable | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/Seller | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 | |
| Loan/SBA 7(a) | - Amt: | 2,350,000 Mos: | 120 Rate: | 10.50 Mo Pmt: | 31,709.72 |
| JOSEPH ALTER | Office | : | (239) 849-9334 | |
| BROKER | Fax | : | ||
| Home | : | (239) 849-9334 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 849-9334 |
| 2640 GOLDEN GATE PARKWAY, SUITE 204 | ||||
| NAPLES, FLORIDA 34105 | : | [email protected] | ||
| USA | Home Page | : | sunbeltofflorida.com |
Listed By: Joe Alter
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Background information
Reference:
54578
Finance
Sales:
$5,346,599
Profits:
$824,276
Profit type:
Discretionary Earnings