Under Contract
High Cash Flow Pet Business in Texas
| Listing No: BBF-966-54718 | |
| Category | : | Animals/Pets | SIC | : | 5999 | |
| Detail | : | Pet Shop | Price | : | 4,800,000 | |
| County | : | Harris | Down | : | 480,000 | |
| State/Prov | : | Texas | Disc Earn | : | 1,365,582 | |
| Country | : | USA | Sales | : | 5,471,990 |
|
This franchised Pet store is very profitable with a good staff and an experienced manager. There is very little competition in this area. The store focuses on selling puppies and dog-related toys, food and accessories. Texas is one of the best locations to own a pet store, since there are new laws that protect the business model going forward. This store is run from another state. A local Buyer could take the profits even higher if they are involved day to day. |
| Reason for Sale | : | Other Business Interests |
| General Location | : | Texas |
| Organization Type | : | Corp 'C' Hours Owner Works: 5 |
| : | Years Established: 4 Years Owned: 4 Emp FT: 23 Emp PT: 0 Mgrs: 3 | |
| Non Compete | : | Miles: 5 Years: 100 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs | : | M-F 12pm - 9pm Saturday & Sunday 10pm-8pm |
| 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 | 5,471,990 | 6,448,318 | 6,750,521 | |
| Cost of Goods | 1,447,544 | 1,861,505 | 2,289,905 | |
| Gross Profit | 4,024,446 | 4,586,813 | 4,460,616 | |
| Expenses | 2,770,609 | 2,887,113 | 3,152,085 | |
| Net | 1,253,837 | 1,699,700 | 1,308,531 | |
| Owner Salary | 178,865 | 248,423 | 253,392 | |
| Benefits | 48,946 | 0 | 44,048 | |
| Interest Expense | 0 | 382 | 1,984 | |
| Depreciation | 0 | 0 | 35,005 | |
| Other | 4,318 | 0 | 0 | |
| Discretionary Earnings | 1,485,966 | 1,948,505 | 1,642,960 |
| Accounts Rec | 0 | N* | Real Estate | 0 | N* |
| Inventory | 115,000 | Y* | ___________ | 0 | N* |
| F F & E | 887,617 | Y* | Total Assets | 1,002,617 | Y* |
| Leasehold | 0 | N* | |||
| *Included? |
| Lease/Month: 13718 | Square Footage: 4500 | Building Type: Shopping Center |
| Terms & Options: New long-term lease avail | Expiration Date: 5/10/2035 |
| Lender Pre-Qualified Project Summary |
| Acquisition Costs | Down Payment and Financing |
| Purchase Price | 4,800,000 | Down Payment | 480,000 | |
| Working Capital | 70,000 | Loan/Assumable | 0 | |
| Loan Fees | 20,000 | Loan/Seller | 0 | |
| Closing Costs | 10,000 | Loan/Other | 4,100,000 | |
| Total | 4,900,000 | Total | 4,580,000 |
| 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: | 4,100,000 Mos: | 120 Rate: | 10.50 Mo Pmt: | 55,323.35 |
| 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 |
Listed By: Joe Alter
Background information
Reference:
54718
Finance
Sales:
$5,471,990
Profits:
$1,365,582
Profit type:
Discretionary Earnings
Price and terms
Price:
$4,800,000
Down payment:
$480,000