Status: Sold
Very Profitable Franchise Pet Store in Florida - Listing #: NAPFL001-N76
| Category | : | Animals/Pets | SIC | : | 5999 | |
| Detail | : | Pet Shop | Price | : | 2,400,000 | |
| County | : | Manatee | Down | : | 360,000 | |
| State/Prov | : | Florida | Adj Net | : | 1,054,199 | |
| Country | : | USA | Sales | : | 4,151,549 |
|
***UNDER CONTRACT*** This franchise Pet store is perfectly situated to benefit from Americans' desire for new family members. The family-owned store has been operating in Florida for over 16 years. Great management in place and owners are absentee for the most part. The business is driven by a love of all animals, respect for their health, and the joy of placing the right puppy with the right family. Every Puppy is seen by three different vets prior to being sold and all are bred by USDA inspected and licensed breeders. |
| Documents on File | : | Equipment List: Y Lease: Y Corp Resolution: Y |
| : | Cash Flow: N Balance Sheet: N |
| : | Standard Agreement: N Signature on File: Y | |
| Showing Remarks | : | CALL BROKER TO SCHEDULE SHOWING |
| Reason for Sale | : | Other Business Interests |
| General Location | : | Florida |
| Organization Type | : | Corp 'Sub S' Hours Owner Works: 0 |
| : | Years Established: 17 Years Owned: 6 Emp FT: 25 Emp PT: 0 Mgrs: 3 | |
| Non Compete | : | Miles: 5 Years: 100 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | Mon.-Sat.: 10:00 am - 4:00 pm Sun.: 11:00 am - 8:00 pm |
| Skills/Licenses | : | sales and marketing and HR |
| 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 | Tax Return | Tax Return | |
| Year (Cash Flow) | 2020 (N) | 2019 (N) | 2018 (N) | |
| Gross Revenue | 4,151,549 | 2,938,985 | 4,124,910 | |
| Cost of Goods | 1,271,818 | 1,045,311 | 1,637,274 | |
| Gross Profit | 2,879,731 | 1,893,674 | 2,487,636 | |
| Expenses | 2,352,631 | 1,961,623 | 2,597,244 | |
| Net | 527,100 | -67,949 | -109,608 | |
| Owner Salary | 83,504 | 50,447 | 49,101 | |
| Benefits | 0 | 0 | 0 | |
| Interest Expense | 12,455 | 17,348 | 15,344 | |
| Depreciation | 64,321 | 86,309 | 55,125 | |
| Other | 366,819 | 258,000 | 555,488 | |
| Owner Benefit | 1,054,199 | 344,155 | 565,450 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 100,000 | Y* | ___________ | 0 | N* |
| F F & E | 94,259 | Y* | Total Assets | 210,900 | Y* |
| Leasehold | 16,641 | Y* | |||
| *Included? |
| Lease/Month: 11917 | Square Footage: 5468 | Building Type: Strip Center |
| Terms & Options: 2 five year options | Expiration Date: 4/4/2028 |
| Lender Pre-Qualified Project Summary |
| Aquisition Costs | Down Payment and Financing |
| Purchase Price | 2,400,000 | Down Payment | 360,000 | |
| Working Capital | 70,000 | Loan/Assumable | 0 | |
| Loan Fees | 25,000 | Loan/Seller | 0 | |
| Closing Costs | 5,000 | Loan/Other | 2,140,000 | |
| Total | 2,500,000 | Total | 2,500,000 |
| 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: | 2,140,000 Mos: | 120 Rate: | 5.75 Mo Pmt: | 23,490.61 |
| JOSEPH ALTER | Office | : | (239) 849-9334 | |
| BROKER | Fax | : | ||
| Home | : | (239) 849-9334 | ||
| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS | Cell | : | (239) 849-9334 |
| 999 VANDERBILT BEACH RD. STE 200 | ||||
| NAPLES, FLORIDA 34108 | : | jalter@sunbeltnetwork.com | ||
| USA | Home Page | : | www.sunbeltnetwork.com/naples-fl |