Status: Active
Franchised Pet Retailer in Naples - Listing #: 54399
| Listing No: BBF-966-54399 | |
| Category | : | Retail Miscellaneous | SIC | : | 5331 | |
| Detail | : | Retail Specialties | Price | : | 1,700,000 | |
| County | : | Collier | Down | : | 1,780,000 | |
| State/Prov | : | Florida | Disc Earn | : | 536,575 | |
| Country | : | USA | Sales | : | 2,322,255 |
|
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. The previous manager left naples in 2023 and there was no management for most of 2023 and the first 6 months this year. The owner hired a very experienced GM in June 2024 and the store is doing much better. The owner is would consider holding a note for a portion of the price, assuming the buyer is considered strong. |
| 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 | 2,322,255 | 2,796,747 | 4,040,559 | |
| Cost of Goods | 781,078 | 877,841 | 1,408,302 | |
| Gross Profit | 1,541,177 | 1,918,906 | 2,632,257 | |
| Expenses | 1,535,942 | 1,879,959 | 1,848,904 | |
| Net | 5,235 | 38,947 | 783,353 | |
| Owner Salary | 155,016 | 215,300 | 219,806 | |
| Benefits | 0 | 86,443 | 73,680 | |
| Interest Expense | 0 | 177 | 0 | |
| Depreciation | 0 | 0 | 0 | |
| Other | 41,828 | 0 | 0 | |
| Discretionary Earnings | 202,079 | 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 | 1,700,000 | Down Payment | 1,780,000 | |
| Working Capital | 75,000 | Loan/Assumable | 0 | |
| Loan Fees | 0 | Loan/Seller | 0 | |
| Closing Costs | 5,000 | Loan/Other | 0 | |
| Total | 1,780,000 | Total | 1,780,000 |
| 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/Other | - Amt: | 0 Mos: | 0 Rate: | 0.00 Mo Pmt: | 0.00 |
| JOSEPH ALTER | Office | : | (855) 969-3534 | |
| 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 |