Printer



Under Contract

Pet Franchise in the Woodlands area of Houston


Woodlands_puppy_pic
Listing No: BBF-966-54667  
   

Category :  Animals/Pets SIC :  5999  
Detail :  Pet Shop Price :  3,050,000  
County :  Montgomery Down :  305,000  
State/Prov :  Texas Disc Earn :  870,617  
Country :  USA Sales :  4,804,834  

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.

Reason for Sale :  Other Business Interests
General Location :  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)  
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  
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  
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 :  [email protected]  
USA Home Page :  sunbeltofflorida.com  


Listed By: Joe Alter

Background information

Reference:

54667

Finance

Sales:

$4,804,834

Profits:

$870,617

Profit type:

Discretionary Earnings

Price and terms

Price:

$3,050,000

Down payment:

$305,000