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Under Contract

Red Hot Franchise Business in Charleston


Brown_puppy
Listing No: 52472  
   Public Pictures:   
Category :  Animals/Pets SIC :  5999  
Detail :  Pet Shop Price :  9,100,000  
County :  Dorchester Down :  3,635,000  
State/Prov :  South Carolina Disc Earn :  2,797,556  
Country :  USA Sales :  8,873,541  

This Franchise retail business is growing very quickly under the current ownership. the Seller's discretionary Earnings has gone from around $800,000 in 2021 to aomost $2.8MM for 2022. The revenues and net prifit are expected to be up about 10% this year. 

Please do not contact Broker to ask what kind of business is this. First, sign the NDA and read the Confidential Business Review.

  :  Standard Agreement: Y     Signature on File: Y
Showing Remarks :  PLEASE PROVIDE A DETAILED PERSONAL FINANCIAL STATEMENT WHEN YOU SIGN AN NDA TO GET MORE INFORMATION

Reason for Sale :  Moving out of state
General Location :  Charleston, SC
Organization Type :  'LLC'     Hours Owner Works: 40
  : Years Established: 5  Years Owned:  2  Emp FT:  25  Emp PT:  2  Mgrs:  4
Non Compete :  Miles:  5  Years:  300  Weeks Training:  4  Cost:   $0
Operating dys/hrs :  M-F 11am - 9pm & Sunday 12pm-8pm
Skills/Licenses :  None
Business :  Is Relocatable: Y    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) 2022 (N) 2021 (N) 2020 (N)  
Gross Revenue 8,873,541 4,919,472 4,452,582  
Cost of Goods 2,944,454 1,917,206 1,580,049  
Gross Profit 5,929,087 3,002,266 2,872,533  
Expenses 3,552,317 2,678,762 2,218,307  
Net 2,376,770 323,504 654,226  
Owner Salary 335,654 167,827 0  
Benefits 0 0 1,675  
Interest Expense 48,260 83,084 28,213  
Depreciation 33,544 34,155 43,362  
Other 3,328 156,426 234,668  
Discretionary Earnings 2,797,556 764,996 962,144  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 150,000 Y* ___________ 0 N*
F F & E 130,000 Y* Total Assets 280,000 Y*
Leasehold 0 N*
*Included?  

Lease/Month: 8442 Square Footage: 8700 Building Type: Strip Center
Terms & Options: New long-term lease avail Expiration Date: 2/28/2038

Lender Pre-Qualified Project Summary

 

Acquisition Costs Down Payment and Financing

 

Purchase Price 9,100,000   Down Payment 3,635,000
Working Capital 200,000   Loan/Assumable 0
Loan Fees 325,000   Loan/Seller 1,000,000
Closing Costs 10,000   Loan/Other 5,000,000
Total 9,635,000   Total 9,635,000

 

 

 

 


Loan/Assumable - Amt:  0  Mos: 0  Rate: 0.00  Mo Pmt: 0.00  
Loan/Seller - Amt:  1,000,000  Mos: 60  Rate: 7.50  Mo Pmt: 20,037.95  
Loan/Other - Amt:  5,000,000  Mos: 120  Rate: 9.00  Mo Pmt: 63,337.89  

JOSEPH ALTER Office :  (239) 849-9334  
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:

52472

Finance

Sales:

$8,873,541

Profits:

$2,797,556

Profit type:

Discretionary Earnings

Price and terms

Price:

$9,100,000