| Listing No: BBF-966-54667 |
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| |
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| Category |
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Animals/Pets |
SIC |
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5999 |
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| Detail |
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Pet Shop |
Price |
: |
3,050,000 |
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| County |
: |
Montgomery |
Down |
: |
305,000 |
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| State/Prov |
: |
Texas |
Disc Earn |
: |
870,617 |
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| Country |
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USA |
Sales |
: |
4,804,834 |
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This pet-related business started in the end of 2020 and took off immediately. The margins are over 70% and there is very little competition in the area. Quality staff in place and it is currently run from afar. There is also upside for a local owner who will be involved day to day.
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| Reason for Sale |
: |
Other Business Interests |
| General Location |
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Houston, TX |
| Organization Type |
: |
Corp 'C' Hours Owner Works: 5 |
| |
: |
Years Established: 4 Years Owned: 4 Emp FT: 20 Emp PT: 0 Mgrs: 3 |
| Non Compete |
: |
Miles: 100 Years: 3 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) |
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| Gross Revenue |
4,804,834 |
5,436,247 |
6,034,645 |
|
| Cost of Goods |
1,306,894 |
1,500,489 |
1,987,898 |
|
| Gross Profit |
3,497,940 |
3,935,758 |
4,046,747 |
|
| Expenses |
2,989,685 |
2,974,885 |
2,574,142 |
|
| Net |
508,255 |
960,873 |
1,472,605 |
|
| Owner Salary |
178,865 |
248,423 |
253,392 |
|
| Benefits |
40,425 |
10,014 |
53,641 |
|
| Interest Expense |
0 |
0 |
0 |
|
| Depreciation |
1,712 |
0 |
0 |
|
| Other |
17,970 |
0 |
0 |
|
| Discretionary Earnings |
747,227 |
1,219,310 |
1,779,638 |
|
| Accounts Rec |
0 |
N* |
Real Estate |
0 |
N* |
| Inventory |
100,000 |
Y* |
___________ |
0 |
N* |
| F F & E |
250,000 |
Y* |
Total Assets |
350,000 |
Y* |
| Leasehold |
0 |
N* |
| *Included? |
|
| Lease/Month: 18722 |
Square Footage: 6250 |
Building Type: Shopping Center |
| Terms & Options: New long-term lease avail |
Expiration Date: 3/31/2031 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs |
Down Payment and Financing |
| Purchase Price |
3,050,000 |
|
Down Payment |
305,000 |
| Working Capital |
70,000 |
|
Loan/Assumable |
0 |
| Loan Fees |
20,000 |
|
Loan/Seller |
0 |
| Closing Costs |
10,000 |
|
Loan/Other |
2,835,000 |
| Total |
3,150,000 |
|
Total |
3,140,000 |
| Loan/Assumable |
- Amt: |
0 Mos: |
0 Rate: |
0.00 Mo Pmt: |
0.00 |
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| Loan/Seller |
- Amt: |
0 Mos: |
0 Rate: |
0.00 Mo Pmt: |
0.00 |
|
| Loan/Other |
- Amt: |
2,835,000 Mos: |
120 Rate: |
10.50 Mo Pmt: |
38,254.07 |
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| JOSEPH ALTER |
Office |
: |
(855) 969-3534 |
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| BROKER |
Fax |
: |
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Home |
: |
(239) 849-9334 |
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| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS |
Cell |
: |
(239) 849-9334 |
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| 2640 GOLDEN GATE PARKWAY, SUITE 204 |
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| NAPLES, FLORIDA 34105 |
Email |
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| USA |
Home Page |
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