Status: Active
Pet-Related Franchise in Tyler, TX - Listing #: 54400
| Listing No: BBF-966-54400 |
| Category | : | Retail Miscellaneous | SIC | : | 5331 | |
| Detail | : | Retail Specialties | Price | : | 1,200,000 | |
| County | : | Smith | Down | : | 120,000 | |
| State/Prov | : | Texas | Disc Earn | : | 216,598 | |
| Country | : | USA | Sales | : | 3,553,195 |
|
Currently, This franchise business is run from afar. There are multiple managers in this location who do a good job. New owners can take the profits higher with a more hands-on approach. The territory affords good growth opportunities to open up one or more stores once the New Owner is trained. This store is priced for the average cost of building a new franchise store – it is not based on the current profits or the revenue. As a buyer, you should understand this owner has 10 stores and other businesses in Florida, and this store needs a local owner who is involved day to day. |
| Reason for Sale | : | Other Business Interests |
| General Location | : | Tyler, TX |
| Organization Type | : | Corp 'C' Hours Owner Works: 0 |
| : | Years Established: 3 Years Owned: 3 Emp FT: 25 Emp PT: 15 Mgrs: 3 | |
| Non Compete | : | Miles: 50 Years: 5 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | M-F 12pm - 9pm & Weekends 10am-9pm |
| Skills/Licenses | : | Smith 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 | 3,553,195 | 3,949,096 | 3,499,296 | |
| Cost of Goods | 1,021,590 | 1,308,123 | 1,453,618 | |
| Gross Profit | 2,531,605 | 2,640,973 | 2,045,678 | |
| Expenses | 2,407,408 | 2,201,180 | 2,163,217 | |
| Net | 124,197 | 439,793 | -117,539 | |
| Owner Salary | 83,263 | 0 | 0 | |
| Benefits | 51,731 | 38,115 | 48,196 | |
| Interest Expense | 22,531 | 26,187 | 36,547 | |
| Depreciation | 0 | 0 | 109,713 | |
| Other | 113,046 | 0 | 20,000 | |
| Discretionary Earnings | 394,768 | 504,095 | 96,917 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 150,000 | Y* | ___________ | 0 | N* |
| F F & E | 350,000 | Y* | Total Assets | 500,000 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 13209 | Square Footage: 7930 | Building Type: Shopping Center |
| Terms & Options: 6 years + 5YR options | Expiration Date: 6/14/2034 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 1,200,000 | Down Payment | 120,000 | |
| Working Capital | 50,000 | Loan/Assumable | 0 | |
| Loan Fees | 15,000 | Loan/Seller | 0 | |
| Closing Costs | 5,000 | Loan/Other | 1,150,000 | |
| Total | 1,270,000 | Total | 1,270,000 |
| 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: | 1,150,000 Mos: | 120 Rate: | 10.50 Mo Pmt: | 15,517.52 |
| 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 |
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