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Very Profitable Franchise Pet Store in FL


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 Email :  [email protected]  
USA Home Page :  www.sunbeltnetwork.com/naples-fl  

 



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Background information

Reference:

NAPFL001-N76

Price and terms

Price:

$2,400,000

Down payment:

$360,000