Active
Franchised Pet Retailer in Naples
| Listing No: BBF-966-54399 | |
Public Pictures:  |
| Category | : | Retail Miscellaneous | SIC | : | 5331 | |
| Detail | : | Retail Specialties | Price | : | 1,500,000 | |
| County | : | Collier | Down | : | 75,000 | |
| State/Prov | : | Florida | Disc Earn | : | 118,660 | |
| Country | : | USA | Sales | : | 2,397,614 |
|
This Pet Business has tremendous upside with great profits in the first few years. The franchise is one of the best in the industry with a very compelling business model. No experience is needed since the Franchisor will train you prior to closing the deal. Confidentiality is key, so please do not ask Broker any questions before signing the NDA. |
| Reason for Sale | : | Other Business Interests |
| General Location | : | Naples, FL |
| Organization Type | : | Corp 'C' Hours Owner Works: 0 |
| : | Years Established: 4 Years Owned: 4 Emp FT: 17 Emp PT: 0 Mgrs: 2 | |
| Non Compete | : | Miles: 50 Years: 5 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | M-F 11am - 9pm - Weekends 10am-9pm |
| Skills/Licenses | : | Collier County Tax License |
| Business | : | Is Relocatable: N Is Home Based: N Is a Franchise: Y Is Lender P/Q: Y Should Qualify For Visa: Y |
| Data Source | Annualized | P/L Statement | P/L Statement | |
| Year (Cash Flow) | 2023 (N) | 2022 (N) | 2021 (N) | |
| Gross Revenue | 2,397,614 | 2,796,747 | 4,040,559 | |
| Cost of Goods | 869,175 | 877,841 | 1,408,302 | |
| Gross Profit | 1,528,439 | 1,918,906 | 2,632,257 | |
| Expenses | 1,573,939 | 1,879,959 | 1,848,904 | |
| Net | -45,500 | 38,947 | 783,353 | |
| Owner Salary | 144,000 | 215,300 | 219,806 | |
| Benefits | 0 | 86,443 | 73,680 | |
| Interest Expense | 0 | 177 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other | 20,160 | 0 | 0 | |
| Discretionary Earnings | 118,660 | 340,867 | 1,076,839 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 100,000 | Y* | ___________ | 0 | N* |
| F F & E | 225,000 | Y* | Total Assets | 675,000 | Y* |
| Leasehold | 350,000 | Y* | |||
| *Included? |
| Lease/Month: 9317 | Square Footage: 3200 | Building Type: Strip Center |
| Terms & Options: 6 years + 5YR options | Expiration Date: 7/1/2034 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 1,500,000 | Down Payment | 75,000 | |
| Working Capital | 75,000 | Loan/Assumable | 0 | |
| Loan Fees | 30,000 | Loan/Seller | 75,000 | |
| Closing Costs | 10,000 | Loan/Other | 1,465,000 | |
| Total | 1,615,000 | Total | 1,615,000 |
| Seller Note Loan | - Amt: | 75,000 Mos: | 120 Rate: | 8.00 Mo Pmt: | 909.96 | |
| SBA Loan | - Amt: | 1,465,000 Mos: | 120 Rate: | 11.50 Mo Pmt: | 20,597.23 |
| 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
Background information
Reference:
54399
Finance
Sales:
$2,397,614
Profits:
$508,212
Profit type:
Discretionary Earnings
Price and terms
Price:
$1,500,000